Special dividend for SIA’s 80th anniversary? CEO says extra payout will need board’s nod

Detailed summary

It is giving an interim ordinary dividend of S$0.02 a share, special dividend of S$0.05 a share for H1 FY2027

It is giving an interim ordinary dividend of S$0.02 a share, special dividend of S$0.05 a share for H1 FY2027

[SINGAPORE] Singapore Airlines (SIA) has not ruled out a special dividend to celebrate its 80th anniversary next year, said its CEO Goh Choon Phong when he was asked about the possibility of rewarding shareholders to mark the occasion.

At the post-earnings briefing on Thursday (Nov 12), the helmsman replied with a smile: “On the special dividend for SQ80... we don’t talk about what dividends we are giving until that point in time.

“So any further dividend payout, you would have to... wait for any announcements that we (will) have. We obviously need to clear through the board and also the shareholders.”

SIA is giving an interim ordinary dividend of S$0.02 a share and an interim special dividend of S$0.05 a share for the first half of FY2027 to September, the company announced at its Wednesday release of its financial results.

Tan JoAnn, chief financial officer, said at the briefing that SIA is prepared to be compliant with the Singapore Exchange Regulation’s (SGX RegCo) new rule that requires listed companies to maintain a dividend policy.

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The carrier currently does not have one. She did not elaborate on the upcoming dividend policy.

The SGX RegCo rule applies to annual reports for financial years commencing on or after Jan 1, 2027. SGX RegCo said the intent is not to mandate that companies pay dividends, but to ensure they are transparent about their approach.

Opening of the article, excerpted from The Business Times. To read the rest, open the article on the publisher's site.