STI stocks expected to hand out 7.9% more in dividends for 2019
Increase anchored by banks; STI dividend yield forecast at 3.6 per cent
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Singapore
CONSTITUENTS of the FTSE Straits Times Index (STI) are projected to pay out 7.9 per cent more ordinary dividends totalling S$19.2 billion for 2019, thanks largely to bullish forecasts on the payouts from banks.
Increased ordinary dividends are expected despite muted dividend growth from the second- and third-largest dividend-paying sectors (telecommunications and real estate respectively), said financial data provider IHS Markit in a report shared with The Business Times.
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