SBS Transit shares end 10.8% higher at 5-year high on S$0.4065 dividend

[SINGAPORE] Shares of SBS Transit ended Wednesday (Feb 25) 10.8 per cent or S$0.37 higher at S$3.81, marking a five-year high for the counter. (*See amendment note)

As at 9.12 am, it was trading S$0.36 or 10.4 per cent up at S$3.80.

The surge comes on the back of the transport group’s release of its full-year financial results on Tuesday, where it said it is rewarding shareholders with a final dividend of S$0.0866 per share and a special dividend of S$0.3199 per share.

This will result in a total dividend of S$0.4960 per share for 2025, including the interim dividend of S$0.0895. It represents a payout ratio of 253 per cent.

The dividends were announced despite full-year net profit falling 13 per cent year on year to S$61.2 million, as revenue and operating profit both declined.

SBS Transit said that the board proposed the special dividend after a “review of the group’s capital requirements and funding needs”. According to its balance sheet, the company has deposits and bank balances of almost S$400 million.

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The final and special dividends are payable if approved by shareholders at the annual general meeting on Apr 23.

ComfortDelGro, a multi-modal global transport group, is the majority shareholder of SBS Transit.

Amendment note: A previous version of this story stated that SBS Transit’s closing price of S$3.81 on Feb 25 was an all-time high for the counter.