Sembcorp may reward investors with special dividend for FY2022 as H1 profit outperforms

HEARTENED by its “outperformance” for the first 6 months ended in June, owing to a spectacular showing by both the conventional energy and renewables businesses, Sembcorp Industries may gift special dividend to investors if the rosy digits hold up in the latter half of the year, its top management guided.

“We want to make sure the cake is cut in a manner where everyone gets fairly allocated a slice of the cake,” said Sembcorp group president and chief executive Wong Kim Yin at a media and analyst results briefing on Friday (Aug 5). 

“We recognise that this is a strong year. We are reviewing the possibility of rewarding shareholders with special dividend in conjunction with our dividend principles,” said Sembcorp group chief financial officer Eugene Cheng, referring to the potential rewards that will be based on the group’s full year showing.