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Singapore firms to pay 5% less dividends this year: IHS Markit

Fall comes as circuit breaker implementation is projected to shrink GDP by more than 4 per cent

Vivienne Tay

Published Wed, May 27, 2020 · 09:50 PM

Singapore

SINGAPORE companies are expected to deliver US$14.2 billion in dividends in 2020, down 5 per cent from US$14.8 billion a year ago.

The fall in dividends comes amid a stark outlook following the implementation of Singapore's circuit breaker since April 7, which is projected to trigger a shrinkage of gross domestic product by more than 4 per cent, said IHS Markit in its APAC 2020 dividends report.