Dividend policy
Sembcorp is committed to achieving sustainable income and growth to enhance total shareholder return.
The company has outlined its strategic plan to transform its portfolio and drive energy transition. Its dividend policy aims to balance cash return to shareholders with investments for sustaining growth while ensuring an efficient capital structure. Sembcorp strives to provide consistent and sustainable ordinary dividend payments to our shareholders, and the practice is to consider declaring dividends on a biannual basis. As Sembcorp’s cash flow visibility improves, supported by a strong portfolio underpinned by long-term offtake contracts, Sembcorp has the ability to potentially increase returns to shareholders through a growing dividend. In the event of a material variation in declared dividends compared to the previous corresponding period, or any decision not to declare a dividend, the reasons for such will be disclosed in accordance with SGX-ST Listing Rule 704(24).
Dividend history
Dividend per Share (SG cents)
Dividend per Share (SG cents)
For the Financial Year 2024:
- Sembcorp Industries paid an interim dividend of 6 cents per share on August 14, 2024
- The proposed final dividend of 17 cents per ordinary share, if approved at the Annual General Meeting to be held on April 25, 2025, will be paid on May 13, 2025
- Together, this will bring total FY2024 dividend to 23 cents per ordinary share
| Financial Year | Type | Ex-Date | Payable Date | Dividend (SG Cents)* |
|---|---|---|---|---|
| 2024 | Ordinary (Final) Ordinary (Interim) | Apr 30, 2025 Aug 14, 2024 | May 13, 2025 Aug 22, 2024 | 17.00 6.00 |
| 2023 | Ordinary (Final) Ordinary (Interim) | Apr 29, 2024 Aug 14, 2023 | May 09, 2024 Aug 22, 2023 | 8.00 5.00 |
| 2022 | Special Ordinary (Final) Ordinary (Interim) | Apr 25, 2023 Apr 25, 2023, Aug 15, 2022 | May 08, 2023 May 08, 2023, Aug 23, 2023 | 4.00 4.00 4.00 |
| 2021 | Ordinary (Final) Ordinary (Interim) | Apr 26, 2022 Aug 16, 2021 | May 10, 2022 Aug 24, 2021 | 3.00 2.00 |
| 2020 | Ordinary (Final) Ordinary (Interim) | Apr 27, 2021 | May 06, 2021 | 4.00 0.00 |
| 2019 | Ordinary (Final) Ordinary (Interim) | May 26, 2020 Aug 21, 2019 | Jun 03, 2020 Sep 04, 2019 | 3.00 2.00 |
| 2018 | Ordinary (Final) Ordinary (Interim) | Apr 24, 2019 Aug 14, 2018 | May 13, 2019 Aug 31, 2018 | 2.00 2.00 |
*Gross dividend. All dividends paid from January 2018 onwards are tax exempt one-tier dividends.
Analyst Coverage
| Firm | Analyst |
| CIMB Research | Lim Siew Khee |
| Citi | Luis Hilado |
| CLSA Asia-Pacific Markets | Low Horng Han |
| DBS Vickers Securities (Singapore) | Ho Pei Hwa |
| HSBC Limited | Rahul Bhatia |
| J.P. Morgan Securities | Sumedh Samant |
| Macquarie Capital Securities (Singapore) | Foo Zhiwei |
| Maybank IBG Research | Krishna Guha |
| Morgan Stanley Asia (Singapore) | Mayank Maheshwari |
| Philip Securities | Paul Chew |
| UOB Kay Hian Research | Adrian Loh |
The online and PDF versions of our Annual Reports can be found on the Results & Publications page, under the Annual Reports tab.
Sembcorp Industries’ latest share price can be found on the Share Information page.
Sembcorp Industries’ financial year is from January 1 to December 31. Earnings results are announced on a half-yearly basis, and these announcements can be found on the Results & Publications page.
Upcoming announcement dates can be found on the Events.
The date for the announcement of our next half-yearly results can be found on the Events.
Earnings results briefings are webcast half-yearly and this can be accessed via the Results & Publications page.
A replay of our results webcast can be accessed on the Results & Publications.
You can sign up for news alerts here. Alternatively, you may go to the Regulatory Filings and News page for the latest stock exchange filings and the Events page for a listing of upcoming events.
Please contact our registrar, Tricor Barbinder Share Registration Services.
Tricor Barbinder Share Registration Services
9 Raffles Place, #26-01, Republic Plaza Tower 1, Singapore 048619
Tel: (65) 6236 3333
Information on dividends can be found on the Share Information page. Sembcorp Industries pays dividends twice a year – an interim dividend in August or September and a final dividend in May or June.
Sembcorp is committed to achieving sustainable income and growth to enhance total shareholder return. The company has set out its strategic plan to transform its portfolio and drive energy transition. Its dividend policy aims to balance cash return to shareholders and investment for sustaining growth while ensuring an efficient capital structure. Sembcorp strives to provide consistent and sustainable ordinary dividend payments to our shareholders, and the practice is to consider declaring dividends on a biannual basis. In the event of a material variation in declared dividends compared to the previous corresponding period, or any decision not to declare a dividend, the reasons for such will be disclosed in accordance with SGX-ST Listing Rule 704(24).
If your shares are held through the Central Depository Pte Ltd (CDP), please contact CDP at (65) 6535 7511.
If you hold scrip shares (share certificates), please contact our registrar, Tricor Barbinder Share Registration Services.
Tricor Barbinder Share Registration Services
9 Raffles Place, #26-01, Republic Plaza Tower 1, Singapore 048619
Tel: (65) 6236 3333
You can download the document from the relevant AGM page under Events.