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S'pore dividend growth forecast among worst in Asia-Pac

Markit sees tiny 0.3% rise in payout this year; local banks will still account for biggest share of pool

Published Wed, Jan 6, 2016 · 09:50 PM

Singapore

AS if the news isn't bad enough already, retirees here should brace themselves - for it seems Singapore stocks will see a miserly increase in this year's ordinary dividends.

According to financial services data provider Markit, Singapore is forecast to distribute S$15.865 billion in 2016 - up a meagre 0.3 per cent from 2015's S$15.824 billion. If specials are included, the distribution is projected to fall 2.5 per cent to S$16.2 billion, from S$16.611 billion last year.