SGX raises base dividend as Q1 profit rises 28%
CEO Loh Boon Chye outlines strategy to raise market maker and liquidity provider programmes to mid- and small-cap stocks
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Singapore
SINGAPORE Exchange (SGX) raised its base dividend and outlined its strategy to raise liquidity in the sluggish securities market as net profit rose 28 per cent for its fiscal first quarter ended Sept 30.
The market operator is raising its first-quarter cash dividend to five Singapore cents per share from four Singapore cents a year ago, and future quarterly payouts are expected to follow suit. The stock closed at S$7.51 on Wednesday, down by 0.3 per cent or two Singapore cents, before the results were announced.
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