Dividends from Singapore companies to fall 4.5% this year on Covid-19 impact: IHS Markit

SINGAPORE - Singapore companies are expected to deliver US$14.2 billion i n dividends in 2020, down 4.5 per cent from US$14.8 billion a year ago.

Singapore's trio of banking stocks - DBS, OCBC and United Overseas Bank - play a"decisive role" in the trajectory of overall level of payments from the Singapore market, contributing 38.9 per cent of total dividends. These stocks are forecast to decline"moderately" by 3.1 per cent to US$5.4 billion.

The full picture of the banks' dividend payment remains uncertain if the Covid-19 pandemic lingers, the report added. In the Asia-Pacific, IHS Markit is projecting a 2 per cent drop in aggregate dividends to US$534.9 billion in 2020, from US$546.6 billion a year ago. The region's year-on-year growth momentum is predicted to dampen from 5 per cent in early-January to negative growth in May, based on current estimates.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S'pore companies to deliver US$14.2b in dividends for 2020, down 4.5% y-o-y: IHSSINGAPORE companies are expected to deliver US$14.2 billion in dividends in 2020, down 4.5 per cent from US$14.8 billion a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »