Singapore firms to pay 5% less dividends this year: IHS Markit
Fall comes as circuit breaker implementation is projected to shrink GDP by more than 4 per cent
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE companies are expected to deliver US$14.2 billion in dividends in 2020, down 5 per cent from US$14.8 billion a year ago.
The fall in dividends comes amid a stark outlook following the implementation of Singapore's circuit breaker since April 7, which is projected to trigger a shrinkage of gross domestic product by more than 4 per cent, said IHS Markit in its APAC 2020 dividends report.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
