Boustead (SGX: F9D)2015201620172018201920202021202220232024
DPS (SGD)0.0300.0300.0400.0200.0300.0300.0400.0400.0400.055
Special DPS (SGD)0.162-----0.040---
Dividend payout ratio76.1%88.6%41.2%102.8%63.0%54.7%46.1%74.4%78.4%43.9%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (SGD)2MHistorical highest yield1Q20205.2%
Capital returned (SGD)271MHistorical high yield4Q20115.1%
Market cap (SGD)~517MHistorical low yield1Q20142.6%
BusinessResilientHistorical lowest yield1Q20212.1%

ComfortDelgro (SGX: C52)2015201620172018201920202021202220232024
DPS (SGD)0.0900.1030.1040.1050.0980.0140.0420.0460.0670.078
Special DPS (SGD)-------0.039--
Dividend payout ratio64.1%70.1%74.5%75.0%80.0%51.0%70.0%57.7%80.0%79.9%
Debt servicing ratio1.0%0.4%0.2%0.1%1.7%0.0%0.0%0.0%0.0%1.3%

Capital raised (SGD)55MHistorical highest yield2Q20206.9%
Capital returned (SGD)2,112MHistorical high yield3Q20214.5%
Market cap (SGD)3,080MHistorical low yield3Q20193.7%
BusinessResilient*Historical lowest yield1Q20152.8%
*Caution: ComfortDelgro is facing structural disruption for its taxi business. However, its public transportation and other divisions remain relatively stable.

Credit Bureau Asia (SGX: TCU)2020202120222023202420252026202720282029
DPS (SGD)-0.0340.0340.0370.040
Special DPS (SGD)-----
Dividend payout ratio0.0%100.0%93.2%86.6%82.0%
Debt servicing ratio0.5%0.0%0.0%0.0%0.0%

Capital raised (SGD)27MHistorical highest yield--
Capital returned (SGD)69MHistorical high yield1Q20243.7%
Market cap (SGD)276MHistorical low yield1Q20212.2%
BusinessResilientHistorical lowest yield--

Delfi (SGX: P35)2015201620172018201920202021202220232024
DPS (USD)0.013*0.0230.0180.0190.0240.0240.0240.0360.0380.032
Special DPS (USD)0.081-----0.0050.0070.005-
Dividend payout ratio51.1%50.4%49.8%55.3%50.4%84.8%49.1%50.4%50.2%58.3%
Debt servicing ratio5.1%0.3%8.1%16.0%6.8%5.5%0.4%0.0%0.0%0.0%

Capital raised (SGD)0Historical highest yield2Q20205.5%
Capital returned (SGD)241MHistorical high yield4Q20153.9%
Market cap (SGD)439MHistorical low yield1Q20082.0%
BusinessResilientHistorical lowest yield1Q20131.2%
*Hit by one-off impairment charges for the settlement of dispute with Barry Callebaut

Fraser and Neave (SGX: F99)2015201620172018201920202021202220232024
DPS (SGD)0.050.0450.0450.0450.0550.0500.0500.0500.0550.055
Special DPS (SGD)----------
Dividend payout ratio114.6%39.6%43.0%53.0%52.2%48.7%51.8%58.3%60.2%53.2%
Debt servicing ratio0.0%0.0%3.9%10.0%7.7%48.0%8.6%114.5%*11.1%14.1%

Capital raised (SGD)4MHistorical highest yield1Q20096.9%
Capital returned (SGD)1,039MHistorical high yield1Q20204.9%
Market cap (SGD)1,970MHistorical low yield4Q20072.2%
BusinessResilientHistorical lowest yield1Q20181.8%
*High debt servicing ratio because of low operating cash flow as as result of changes in working capital

Haw Par Corporation (SGX: H02)2015201620172018201920202021202220232024
DPS (SGD)0.200.200.200.300.300.300.300.300.400.40
Special DPS (SGD)0.15--0.85------
Dividend payout ratio31.5%32.0%31.7%37.0%36.4%55.4%60.3%44.8%40.9%38.8%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (SGD)20MHistorical highest yield4Q20113.8%
Capital returned (SGD)847MHistorical high yield4Q20203.2%
Market cap (SGD)2,640MHistorical low yield2Q20192.5%
BusinessResilientHistorical lowest yield3Q20181.5%

Ho Bee Land (SGX: H13)2015201620172018201920202021202220232024
DPS (SGD)0.050.060.080.080.080.080.080.080.030.04
Special DPS (SGD)0.02-0.020.020.020.020.02---
Dividend payout ratio*83.5%35.5%38.9%44.8%70.4%43.1%27.1%20.8%16.0%24.2%
Debt servicing ratio23.1%16.6%22.6%18.8%37.2%39.0%73.5%154.2%41.4%54.9%

Capital raised (SGD)160MHistorical highest yield1Q20097.5%
Capital returned (SGD)550MHistorical high yield2Q20205.1%
Market cap (SGD)1,220MHistorical low yield2Q20152.2%
BusinessResilientHistorical lowest yield3Q20071.5%
*Calculation includes basic and special dividends

Hongkong Land (SGX: H78)2015201620172018201920202021202220232024
DPS (USD)0.190.190.200.220.220.220.220.220.220.23
Special DPS (USD)----------
Dividend payout ratio49.9%52.7%48.5%49.7%47.7%53.3%53.0%63.9%66.4%123.8%
Debt servicing ratio8.2%6.8%9.8%18.9%0.0%11.8%29.4%19.6%26.3%24.8%

Capital raised (USD)0Historical highest yield1Q20097.0%
Capital returned (USD)5,571MHistorical high yield3Q20206.0%
Market cap (USD)10,170MHistorical low yield1Q20132.0%
BusinessResilientHistorical lowest yield2Q20071.9%

HRNet Group (SGX: CHZ)2015201620172018201920202021202220232024
DPS (SGD)N.A.N.A.0.0230.0280.0280.0250.0300.0400.0400.040
Special DPS (SGD)N.A.N.A.----0.010---
Dividend payout ratioN.A.N.A.42.2%50.5%54.2%55.0%49.3%54.6%63.5%88.3%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (SGD)194MHistorical highest yield1Q20206.5%
Capital returned (SGD)449MHistorical high yield3Q20195.0%
Market cap (SGD)698MHistorical low yield3Q20213.0%
BusinessSemi-CyclicalHistorical lowest yield3Q20182.6%

Jardine C&C (SGX: C07)2015201620172018201920202021202220232024
DPS (SGD)0.981.071.151.191.170.571.081.491.561.50
Special DPS (SGD)----------
Dividend payout ratio41.3%43.1%44.1%40.1%39.8%39.6%40.2%40.0%40.2%40.2%
Debt servicing ratio1.1%2.8%2.8%8.1%15.8%5.0%1.7%2.0%5.0%4.7%

Capital raised (USD)995MHistorical highest yield1Q20098.0%
Capital returned (USD)9,466MHistorical high yield1Q20207.1%
Market cap (SGD)10,490MHistorical low yield2Q20162.1%
BusinessResilientHistorical lowest yield1Q20072.0%

Jardine Matheson (SGX: J36)2015201620172018201920202021202220232024
DPS (USD)1.451.501.601.701.721.722.002.152.252.25
Special DPS (USD)----------
Dividend payout ratio39.8%40.6%38.5%38.6%40.6%58.3%41.4%39.2%39.3%44.4%
Debt servicing ratio3.2%3.9%3.7%7.5%11.0%7.5%7.7%8.9%11.3%10.5%

Capital raised (USD)142MHistorical highest yield4Q20235.3%
Capital returned (USD)16,010MHistorical high yield3Q20204.2%
Market cap (USD)12,760MHistorical low yield1Q20192.3%
BusinessResilientHistorical lowest yield4Q20101.8%

Micro-Mechanics (SGX: 5DD)2015201620172018201920202021202220232024
DPS (SGD)0.030.050.070.090.090.100.120.120.090.06
Special DPS (SGD)0.020.010.010.010.010.020.020.02--
Dividend payout ratio34.7%58.5%65.9%73.2%97.0%94.6%92.2%98.3%128.1%103.8%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%1.0%

Capital raised (SGD)0Historical highest yield1Q20206.8%
Capital returned (SGD)129MHistorical high yield4Q20166.0%
Market cap (SGD)234MHistorical low yield1Q20182.9%
BusinessSemi-CyclicalHistorical lowest yield1Q20212.6%

Netlink NBN Trust (SGX: CJLU)2018201920202021202220232024202520262027
DPS (SGD)0.0430.0490.0510.0510.0510.0520.053
Special DPS (SGD)-------
Dividend payout ratio*N.M.120.5%105.2%96.9%108.1%108.1%132.1%
Debt servicing ratio7.4%7.5%7.0%3.6%3.4%5.0%6.0%

Capital raised (SGD)2,335M**Historical highest yield1Q20186.3%
Capital returned (SGD)1,219MHistorical high yield1Q20206.1%
Market cap (SGD)3,350MHistorical low yield4Q20215.0%
BusinessResilientHistorical lowest yield1Q20204.8%
*Based on percentage of DPS/FCF per share
**NetLink is a business trust and therefore, Step 5 isn't applicable due to the nature of trust's business which is usually capital intensive.

QAF (SGX: Q01)2015201620172018201920202021202220232024
DPS (SGD)0.050.050.050.050.050.050.050.050.050.05
Special DPS (SGD)-------0.02--
Dividend payout ratio51.0%45.7%88.8%354.9%104.2%68.4%138.9%250.0%*123.4%*97.5%
Debt servicing ratio3.0%1.2%2.4%10.0%5.7%2.2%1.5%0.0%0.0%0.0%

Capital raised (SGD)1MHistorical highest yield1Q20208.1%
Capital returned (SGD)287MHistorical high yield1Q20197.8%
Market cap (SGD)480MHistorical low yield3Q20173.4%
BusinessResilientHistorical lowest yield1Q20173.2%
*Excluding exceptional items, impairment costs

Raffles Medical (SGX: BSL)2015201620172018201920202021202220232024
DPS (SGD)0.0600.0200.0230.0250.0250.0250.0180.0380.0240.025
Special DPS (SGD)------0.010---
Dividend payout ratio50.1%50.0%56.3%63.3%75.5%69.8%62.4%44.2%54.2%71.6%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%3.0%3.6%2.1%0.0%0.0%

Capital raised (SGD)63MHistorical highest yield4Q20084.0%
Capital returned (SGD)331MHistorical high yield1Q20203.3%
Market cap (SGD)1,660MHistorical low yield2Q20081.7%
BusinessResilientHistorical lowest yield3Q20151.2%

Riverstone Holdings (SGX: AP4)2015201620172018201920202021202220232024
DPS (MYR)0.0320.0320.0350.0340.0370.1800.3800.2600.1750.200
Special DPS (MYR)-----0.0400.1000.0800.0500.040
Dividend payout ratio40.2%40.9%42.1%39.7%42.1%41.3%39.8%122.6%117.9%103.5%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (MYR)0Historical highest yield4Q20116.0%
Capital returned (MYR)2,322MHistorical high yield1Q20203.0%
Market cap (SGD)1,475MHistorical low yield4Q20182.0%
BusinessResilientHistorical lowest yield4Q20151.0%

SATS (SGX: S58)2015201620172018201920202021202220232024
DPS (SGD)0.140.150.170.180.190.060000.015
Special DPS (SGD)----------
Dividend payout ratio79.0%75.6%81.0%85.1%87.7%37.2%0.0%0.0%0.0%39.7%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%1.2%13.3%22.2%10.9%46.2%

Capital raised (SGD)1,144MHistorical highest yield1Q20098.8%
Capital returned (SGD)1,248MHistorical high yield1Q20145.0%
Market cap (SGD)4,310MHistorical low yield2Q20073.0%
BusinessSemi-CylicalHistorical lowest yield1Q20172.8%

SBS Transit (SGX: S61)2015201620172018201920202021202220232024
DPS (SGD)0.0270.0510.0760.1290.1310.0630.0820.1090.1120.2027
Special DPS (SGD)---------0.0841
Dividend payout ratio49.9%50.4%50.1%50.2%50.0%25.0%49.5%50.0%50.5%90.4%
Debt servicing ratio38.1%7.8%4.6%2.0%4.9%2.0%0.5%0.0%0.0%0.0%

Capital raised (SGD)6MHistorical highest yield--
Capital returned (SGD)243MHistorical high yield1Q20205.1%
Market cap (SGD)752MHistorical low yield2Q20172.0%
BusinessResilientHistorical lowest yield--

Sheng Siong (SGX: 0V8)2015201620172018201920202021202220232024
DPS (SGD)0.0350.0380.0330.0340.0360.0650.0620.0620.0630.064
Special DPS (SGD)----------
Dividend payout ratio92.3%90.1%71.4%72.4%71.5%70.5%70.2%70.2%71.2%71.8%
Debt servicing ratio0.0%0.0%0.0%0.0%0.6%0.4%0.7%0.0%0.0%0.0%

Capital raised (SGD)0Historical highest yield4Q20144.6%
Capital returned (SGD)712MHistorical high yield1Q20203.5%
Market cap (SGD)2,470MHistorical low yield4Q20192.8%
BusinessResilientHistorical lowest yield2Q20202.2%

Singapore Exchange (SGX: S68)2015201620172018201920202021202220232024
DPS (SGD)0.1600.2000.2000.2000.3000.3100.3200.3200.3250.345
Special DPS (SGD)0.1200.0800.0800.100------
Dividend payout ratio*86.0%85.8%88.6%59.1%82.4%70.6%78.9%79.2%71.2%71.6%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.4%0.0%0.0%

Capital raised (SGD)1,021MHistorical highest yield1Q20098.0%
Capital returned (SGD)3,490MHistorical high yield 4Q20114.5%
Market cap (SGD)12,230MHistorical low yield 4Q20102.7%
BusinessResilientHistorical lowest yield4Q20072.4%
* Calculation includes basic and special dividends

ST Engineering (SGX: S63)2015201620172018201920202021202220232024
DPS (SGD)0.100.150.150.150.150.150.150.160.160.17
Special DPS (SGD)0.05---------
Dividend payout ratio65.6%111.8%101.5%107.2%85.2%89.5%84.2%100.8%88.1%75.5%
Debt servicing ratio0.0%1.6%2.5%5.2%5.9%4.0%3.2%20.4%17.9%12.4%

Capital raised (SGD)13,843MHistorical highest yield1Q20205.4%
Capital returned (SGD)14,895MHistorical high yield 1Q20163.7%
Market cap (SGD)15,755MHistorical low yield 1Q20203.4%
BusinessResilientHistorical lowest yield 2Q20141.8%

Thai Beverage (SGX: Y92)2015201620172018201920202021202220232024
DPS (SGD)0.0240.0240.0280.0170.0220.0200.0200.0230.0220.025
Special DPS (SGD)----------
Dividend payout ratio58.2%79.6%62.5%48.0%51.8%50.8%55.7%50.1%55.0%55.4%
Debt servicing ratio6.0%4.2%3.2%19.1%15.6%15.1%17.0%10.4%13.1%15.9%

Capital raised (THB)111,372MHistorical highest yield1Q20097.5%
Capital returned (THB)257,417MHistorical high yield4Q20116.0%
Market cap (SGD)13,820MHistorical low yield1Q20073.5%
BusinessResilientHistorical lowest yield3Q20162.5%

The Hour Glass (SGX: AGS)2015201620172018201920202021202220232024
DPS (SGD)0.0220.0200.0200.0200.0300.0200.0600.0800.0800.080
Special DPS (SGD)----------
Dividend payout ratio30.1%30.4%34.1%30.2%33.0%20.1%57.4%38.4%29.5%33.8%
Debt servicing ratio0.6%5.4%1.5%0.4%0.0%1.5%1.6%1.5%1.2%0.0%

Capital raised (SGD)0Historical highest yield1Q20205.8%
Capital returned (SGD)329MHistorical high yield3Q20114.9%
Market cap (SGD)1,110MHistorical low yield1Q20192.6%
BusinessResilientHistorical lowest yield2Q20152.4%

VICOM (SGX: V01)2015201620172018201920202021202220232024
DPS (SGD)0.0460.0410.0900.0920.0960.0620.0630.0660.0550.058
Special DPS (SGD)0.0260.0250.0220.020
Dividend payout ratio*83.4%88.2%127.7%157.0%119.8%90.0%118.5%89.9%70.7%70.2%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (SGD)0Historical highest yield2Q20097.0%
Capital returned (SGD)277MHistorical high yield2Q20116.0%
Market cap (SGD)472MHistorical low yield2Q20074.5%
BusinessResilientHistorical lowest yield2Q20143.3%
*Calculation includes basic and special dividends

Wilmar International (SGX: F34)2015201620172018201920202021202220232024
DPS (SGD)0.0800.0650.1000.1050.1250.1300.1550.1700.1700.160
Special DPS (SGD)-----0.065----
Dividend payout ratio32.7%30.4%45.3%39.1%45.5%39.2%38.9%31.6%52.6%64.1%
Debt servicing ratio**0.0%9.5%12.5%26.0%18.6%7.7%8.3%16.6%43.9%31.6%

Capital raised (SGD)2,440MHistorical highest yield4Q20234.3%
Capital returned (SGD)7,359MHistorical high yield2Q20203.7%
Market cap (SGD)20,330MHistorical low yield2Q20152.5%
BusinessResilientHistorical lowest yield1Q20212.3%
*Affected by lower commodity prices and higher interest expenses
**Calculated based on adjusted cash flow (operating cashflow before working capital less tax and net interest expense)