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.

Final dividend

For the full year ended 31 December 2023, the Board of Directors has recommended a final one-tier tax exempt dividend of $0.013 per ordinary share. The proposed final dividend, if approved by the shareholders of the Company at the Annual General Meeting to be held on 18 April 2024 will be paid on 10 May 2024.

The Share Transfer Books and Register of Members of the Company will be closed at 5:00 p.m. on 2 May 2024 for the purpose of determining the entitlements of ordinary shareholders to the dividend. Duly completed registrable transfers received by the Company’s Share Register, B.A.C.S. Private Limited, up to 5:00 pm on 2 May 2024 will be registered to determine members’ entitlements to the dividend.

Dividend History


For the year ended 31 December Interim dividend
Final dividend
Total dividend
% 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%