Singapore SMEs' dividend track record slips over past 3 years
Study of SGX-listed firms also shows average corporate governance scores have worsened
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Singapore
DIVIDEND payouts by Singapore-listed mid and small-cap companies have deteriorated over the last three years - no thanks to the economic challenges weighing on these firms.
According to the latest Governance Evaluation for Mid and Small Caps (GEMS) released on Thursday, only 25.3 per cent of small and medium enterprises (SMEs) maintained or raised dividend payouts over the last three years, down from 32.9 per cent in 2014 and 27.5 per cent in 2015.
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