Dividend Information
Dividend Policy
As our Company is an investment holding company, our income, and therefore our ability to pay dividends, is dependent upon the
dividends we receive from our subsidiaries. The form, frequency and amount of future dividends that are paid by our
subsidiaries will depend on its earnings, its financial position, its results of operations, its capital needs, our
plans for expansion and any other relevant factors.
The actual dividends that our Board may recommend or declare in respect of any particular financial year or period will
be subject to the factors outlined below as well as any other factors deemed relevant by our Board:
- the level of our cash and retained earnings;
- our actual and projected financial performance; and
- our projected capital expenditure, investment plans and other financial obligations.
Investors should not treat the Company’s dividend policy as a legal obligation on the Company, present or future.
Interim dividend
For the half year ended 30 June 2024, the Board of Directors has declared an interim one-tier tax exempt dividend and an interim one-tier tax exempt special dividend of $0.009 per ordinary share and $0.014 per ordinary share respectively (collectively, the “Interim Dividend”).
The Share Transfer Books and Register of Members of the Company will be closed at 5:00 p.m. on 15 August 2024, for the purpose of determining the entitlements of ordinary shareholders to the Interim Dividend. Duly completed registrable transfers received by the Company’s Share Register, B.A.C.S. Private Limited, up to 5:00 pm on 15 August 2024 will be registered to determine members’ entitlements to the Interim Dividend.
Dividend History
| For the year ended 31 December | Interim dividend (cents) |
Interim special dividend (cents) |
Final dividend (cents) |
Total dividend (cents) |
% of net profit attributable to shareholders |
| 2014 | 2.130 | – | 2.430 | 4.560 | 78.0% |
| 2015 | 2.260 | – | 2.305 | 4.565 | 80.4% |
| 2016 | 2.280 | – | 2.283 | 4.563 | 80.2% |
| 2017 | 0.761 | – | 1.370 | 2.131 | 87.4% |
| 2018 | 0.761 | – | 1.065 | 1.826 | 83.0% |
| 2019 | 1.0 | – | 1.3 | 2.3 | 84.7% |
| 2020 | 0.6 | – | 0.75 | 1.35 | 78.2% |
| 2021 | 0.7 | – | 0.9 | 1.6 | 84.2% |
| 2022 | 1.5 | – | 1.5 | 3.0 | 130.0% |
| 2023 | 0.9 | – | 1.3 | 2.2 | 90.6% |
| 2024 | 0.9 | 1.4 | 0.0 | 2.3 | TBC |