ST Engineering plans to propose an increase to dividend payments for 2025 to S$0.18 ($0.14) per share, based on the company's current “robust retained earnings and a strong five-year outlook”, the company said on March 18, 2025.
The 2025 plan includes an interim dividend of 4 cents ($0.30) per share for the first three quarters and a final dividend of 6 cents ($0.45) per share.
For 2024, the company proposed a total dividend of 17 cents ($0.13) per share and includes a final dividend of 5 cents ($0.38) per share.
The company said it will pay out a third of its year-on-year increase in net profit as incremental dividends from 2026 onwards, paid on a quarterly basis.
"The company is targeting further growth in revenue, operating cash flow and net profit with an objective to improve total shareholders’ return,” ST Engineering read in a statement. “It intends to re-invest for growth while rewarding shareholders.”