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)2014201520162017201820192020202120222023
DPS (SGD)0.0830.090.1030.1040.1050.0980.0140.0420.0460.067
Special DPS (SGD)--------0.039-
Dividend payout ratio62.2%64.1%70.1%74.5%75.0%48.5%58.5%73.5%63.2%95.5%
Debt servicing ratio1.6%1.0%0.4%0.2%0.1%1.7%1.3%0.8%0.0%0.0%

Capital raised (SGD)109MHistorical highest yield2Q20206.9%
Capital returned (SGD)2,071MHistorical high yield3Q20214.5%
Market cap (SGD)3,000MHistorical 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)00.0340.0340.034
Special DPS (SGD)----
Dividend payout ratio*0.0%120.7%104.6%95.0%
Debt servicing ratio0.0%0.0%0.0%0.0%

Capital raised (SGD)27MHistorical highest yield--
Capital returned (SGD)21MHistorical high yield1Q20243.7%
Market cap (SGD)212MHistorical low yield1Q20212.2%
BusinessResilientHistorical lowest yield--
*The company pays out all its profits including non-operating items as dividend to shareholders because the business is recurring. Average dividend payout ratio was 96.6% if non-operating items were included.

Delfi (SGX: P35)2014201520162017201820192020202120222023
DPS (USD)0.0410.013*0.0230.0180.0190.0240.0240.0240.0360.038
Special DPS (USD)0.0160.081-----0.0050.0070.005
Dividend payout ratio50.2%51.1%50.4%49.8%55.3%50.9%94.5%49.1%68.5%63.5%
Debt servicing ratio6.3%5.1%0.3%8.1%16.0%7.5%5.8%0.6%0.6%0.0%

Capital raised (SGD)0Historical highest yield2Q20205.5%
Capital returned (SGD)391MHistorical high yield4Q20153.9%
Market cap (SGD)~600MHistorical 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)2014201520162017201820192020202120222023
DPS (SGD)0.050*0.050.0450.0450.0450.0550.050.050.050.055
Special DPS (SGD)----------
Dividend payout ratio28.3%114.6%39.6%43.0%53.0%52.2%47.8%55.9%59.7%65.5%
Debt servicing ratio2.1%0.0%0.0%3.9%10.0%7.7%51.2%9.2%124.2%**11.9%

Capital raised (SGD)11MHistorical highest yield1Q20096.9%
Capital returned (SGD)1,157MHistorical high yield1Q20204.9%
Market cap (SGD)1,500MHistorical low yield4Q20072.2%
BusinessResilientHistorical lowest yield1Q20181.8%
*Lower dividends mainly due to company's restructuring exercise resulting in property arm being listed seperately. F&N is also facing strong competition, low margins, and the sugar war.
**High debt servicing ratio because of low operating cash flow as as result of changes in working capital

Haw Par Corporation (SGX: H02)2014201520162017201820192020202120222023
DPS (SGD)0.20.20.20.20.30.30.30.30.30.4
Special DPS (SGD)-0.15--0.85-----
Dividend payout ratio39.1%31.5%32.0%31.7%37.0%36.4%55.4%62.2%44.8%41.0%
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)11MHistorical highest yield1Q20096.9%
Capital returned (SGD)1,157MHistorical high yield1Q20204.9%
Market cap (SGD)1,500MHistorical low yield4Q20072.2%
BusinessResilientHistorical lowest yield1Q20181.8%

Ho Bee Land (SGX: H13)2014201520162017201820192020202120222023
DPS (SGD)0.050.050.060.080.080.080.080.080.080.030
Special DPS (SGD)-0.02-0.020.020.020.020.02--
Dividend payout ratio*100.3%83.5%35.5%38.9%44.8%75.9%40.1%28.0%23.6%38.8%
Debt servicing ratio39.5%23.1%16.6%22.6%18.8%36.6%39.0%73.5%0.0%41.4%

Capital raised (SGD)0Historical highest yield1Q20097.5%
Capital returned (SGD)630MHistorical high yield2Q20205.1%
Market cap (SGD)1,200MHistorical low yield2Q20152.2%
BusinessResilientHistorical lowest yield3Q20071.5%
*Calculation includes basic and special dividends

Hongkong Land (SGX: H78)2014201520162017201820192020202120222023
DPS (USD)0.190.190.190.200.220.220.220.220.220.22
Special DPS (USD)----------
Dividend payout ratio63.9%49.9%52.7%48.5%49.7%47.7%58.1%57.0%69.9%66.4%
Debt servicing ratio9.9%8.2%6.8%9.8%18.9%0.0%11.8%29.4%19.6%26.3%

Capital raised (USD)0Historical highest yield1Q20097.0%
Capital returned (USD)5,519MHistorical high yield3Q20206.0%
Market cap (USD)9,290MHistorical low yield1Q20132.0%
BusinessResilientHistorical lowest yield2Q20071.9%

HRNet Group (SGX: CHZ)2014201520162017201820192020202120222023
DPS (SGD)N.A.N.A.N.A.0.0230.0280.0280.0250.030.040.040
Special DPS (SGD)N.A.N.A.N.A.----0.01--
Dividend payout ratioN.A.N.A.N.A.42.2%50.5%54.2%55.0%49.3%58.7%63.6%
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)193MHistorical highest yield1Q20206.5%
Capital returned (SGD)377MHistorical high yield3Q20195.0%
Market cap (SGD)700MHistorical low yield3Q20213.0%
BusinessSemi-CyclicalHistorical lowest yield3Q20182.6%

Jardine C&C (SGX: C07)2014201520162017201820192020202120222023
DPS (SGD)1.1090.971.051.181.171.170.571.071.491.580
Special DPS (SGD)----------
Dividend payout ratio37.7%42.3%43.1%43.1%40.1%39.0%39.6%59.2%70.8%43.7%
Debt servicing ratio1.2%1.1%2.8%2.8%8.1%15.8%5.0%1.7%2.0%5.0%

Capital raised (SGD)823MHistorical highest yield1Q20098.0%
Capital returned (SGD)7,798MHistorical high yield1Q20207.1%
Market cap (SGD)10,000MHistorical low yield2Q20162.1%
BusinessResilientHistorical lowest yield1Q20072.0%

Jardine Matheson (SGX: J36)2014201520162017201820192020202120222023
DPS (USD)1.451.451.501.601.701.721.722.002.152.25
Special DPS (USD)----------
Dividend payout ratio35.1%39.9%40.6%38.5%38.6%40.6%58.3%41.4%39.2%39.3%
Debt servicing ratio3.9%3.2%3.9%3.7%7.5%11.0%7.5%7.7%8.9%11.3%

Capital raised (USD)102MHistorical highest yield4Q20235.3%
Capital returned (USD)14,498MHistorical high yield3Q20204.2%
Market cap (USD)11,420MHistorical low yield1Q20192.3%
BusinessResilientHistorical lowest yield4Q20101.8%

Micro-Mechanics (SGX: 5DD)2014201520162017201820192020202120222023
DPS (SGD)0.030.030.050.070.090.090.10.120.120.09
Special DPS (SGD)-0.020.010.010.010.010.020.020.02-
Dividend payout ratio53.9%34.7%58.5%65.9%73.2%97.0%94.6%92.2%102.7%137.7%
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 yield1Q20206.8%
Capital returned (SGD)125MHistorical high yield4Q20166.0%
Market cap (SGD)267MHistorical 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%106.3%97.4%108.1%108.1%132.1%
Debt servicing ratio7.4%7.5%7.1%4.1%3.3%5.0%6.0%

Capital raised (SGD)2,335M**Historical highest yield1Q20186.3%
Capital returned (SGD)1,219MHistorical high yield1Q20206.1%
Market cap (SGD)3,230MHistorical 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)2014201520162017201820192020202120222023
DPS (SGD)0.050.050.050.050.050.050.050.050.050.05
Special DPS (SGD)--------0.02-
Dividend payout ratio61.4%51.0%45.7%88.8%346.0%104.2%103.7%112.7%463.0%*77.7%
Debt servicing ratio1.8%3.0%1.2%2.4%10.0%5.7%2.2%1.5%0.0%0.0%

Capital raised (SGD)2MHistorical highest yield1Q20208.1%
Capital returned (SGD)283MHistorical high yield1Q20197.8%
Market cap (SGD)480MHistorical low yield3Q20173.4%
BusinessResilientHistorical lowest yield1Q20173.2%
*Excluding the interim insurance payments for damages to stocks and property, plant, and equipment arising from the flood in Malaysia

Raffles Medical (SGX: BSL)2014201520162017201820192020202120222023
DPS (SGD)0.0180.020.020.0230.0250.0250.0250.0180.0380.024
Special DPS (SGD)-------0.01--
Dividend payout ratio45.6%50.1%50.0%56.3%63.3%75.5%138.8%58.2%45.7%50.1%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%3.0%3.6%2.1%0.0%

Capital raised (SGD)71MHistorical highest yield4Q20084.0%
Capital returned (SGD)300MHistorical high yield1Q20203.3%
Market cap (SGD)1,920MHistorical low yield2Q20081.7%
BusinessResilientHistorical lowest yield3Q20151.2%

Riverstone Holdings (SGX: AP4)2014201520162017201820192020202120222023
DPS (MYR)0.0170.0320.0320.0350.0340.0370.180.380.260.175
Special DPS (MYR)------0.040.10.080.050
Dividend payout ratio37.4%40.2%40.9%42.1%39.7%43.4%50.8%39.8%133.6%137.3%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Capital raised (MYR)31MHistorical highest yield4Q20116.0%
Capital returned (MYR)1,592MHistorical high yield1Q20203.0%
Market cap (SGD)980MHistorical 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)2014201520162017201820192020202120222023
DPS (SGD)0.0230.0270.0510.0760.1290.1310.0630.0820.1090.112
Special DPS (SGD)----------
Dividend payout ratio49.7%49.9%50.4%50.1%50.2%50.0%25.0%49.5%50.0%50.5%
Debt servicing ratio13.5%38.1%7.8%4.6%2.0%4.9%2.0%0.5%0.0%0.0%

Capital raised (SGD)6MHistorical highest yield--
Capital returned (SGD)208MHistorical high yield1Q20205.1%
Market cap (SGD)863MHistorical low yield2Q20172.0%
BusinessResilientHistorical lowest yield--

Sheng Siong (SGX: 0V8)2014201520162017201820192020202120222023
DPS (SGD)0.030.0350.0380.0330.0340.0360.0650.0620.0620.063
Special DPS (SGD)----------
Dividend payout ratio94.0%92.3%90.1%71.4%72.5%71.4%101.4%77.9%83.3%88.2%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.6%0.4%0.7%0.0%0.0%

Capital raised (SGD)79MHistorical highest yield4Q20144.6%
Capital returned (SGD)605MHistorical high yield1Q20203.5%
Market cap (SGD)2,270MHistorical low yield4Q20192.8%
BusinessResilientHistorical lowest yield2Q20202.2%

Singapore Exchange (SGX: S68)2014201520162017201820192020202120222023
DPS (SGD)0.1600.1600.2000.2000.2000.3000.3100.3200.3200.325
Special DPS (SGD)0.1200.1200.0800.0800.100-----
Dividend payout ratio*93.8%86.0%85.8%88.6%59.1%82.4%70.6%79.2%81.3%77.5%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.7%0.0%

Capital raised (SGD)721MHistorical highest yield (1Q2009)1Q20098.0%
Capital returned (SGD)3,409MHistorical high yield (4Q2011)4Q20114.5%
Market cap (SGD)10,320MHistorical low yield (4Q2010)4Q20102.7%
BusinessResilientHistorical lowest yield (4Q2007)4Q20072.4%
* Calculation includes basic and special dividends

ST Engineering (SGX: S63)2014201520162017201820192020202120222023
DPS (SGD)0.080.10.150.150.150.150.150.150.160.160
Special DPS (SGD)0.070.05--------
Dividend payout ratio87.6%87.9%96.0%91.1%94.8%78.9%94.0%91.3%115.9%96.9%
Debt servicing ratio2.3%3.5%2.0%2.2%5.3%6.0%4.0%3.2%20.4%17.9%

Capital raised (SGD)2,574MHistorical highest yield (4Q2008)7.7%
Capital returned (SGD)5,208MHistorical high yield (4Q2015)5.7%
Market cap (SGD)11,150MHistorical low yield (1Q2008)4.9%
BusinessResilientHistorical lowest yield (1Q2020)3.4%

Thai Beverage (SGX: Y92)2014201520162017201820192020202120222023
DPS (SGD)0.0240.0240.0240.0280.0170.0220.020.020.0230.022
Special DPS (SGD)----------
Dividend payout ratio70.5%58.2%79.6%62.5%48.0%51.8%50.8%55.7%54.7%63.0%
Debt servicing ratio5.9%6.0%4.2%3.2%19.1%15.6%15.1%17.0%10.4%13.5%

Capital raised (THB)181MHistorical highest yield1Q20097.5%
Capital returned (THB)147,244MHistorical high yield4Q20116.0%
Market cap (SGD)12,440MHistorical 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)2014201520162017201820192020202120222023
DPS (SGD)0.0440.0460.0410.0900.0920.0960.0620.0630.0660.055
Special DPS (SGD)0.0240.0260.025-0.022--0.020--
Dividend payout ratio*81.2%83.4%88.2%127.7%157.0%127.5%93.7%119.8%92.6%75.8%
Debt servicing ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%2.0%0.4%0.0%

Capital raised (SGD)1MHistorical highest yield2Q20097.0%
Capital returned (SGD)278MHistorical high yield2Q20116.0%
Market cap (SGD)472MHistorical low yield2Q20074.5%
BusinessResilientHistorical lowest yield2Q20143.3%
*Calculation includes basic and special dividends

Wilmar International (SGX: F34)2014201520162017201820192020202120222023
DPS (SGD)0.0750.080.0650.10.1050.1250.130.1550.170.170
Special DPS (SGD)------0.065---
Dividend payout ratio30.8%32.7%30.4%45.3%39.1%47.7%40.5%58.6%52.1%167.6%*
Debt servicing ratio**0.0%0.0%9.5%12.5%26.0%18.6%7.7%8.3%16.6%43.9%

Capital raised (SGD)2,458MHistorical highest yield4Q20234.3%
Capital returned (SGD)6,138MHistorical high yield2Q20203.7%
Market cap (SGD)25,100MHistorical low yield2Q20152.5%
BusinessResilientHistorical lowest yield1Q20212.3%
*Affected by lower commodity prices and higher interest expenses
**Calculated based on adjusted cash flow (ops cashflow bef w.c. less tax and net interest expense)