(May 28 11:27) Sbr.com.sg
Uploaded By:
Alyssa Divina
Submitted By:
Staff Reporter
Case Study:
No
UOB is expected to suspend its special dividend for 2020.
Singapore companies are expected to post $20.14b (US$14.2b) in dividends for 2020, a 4.5% YoY fall compared to the $21b (US$14.8b) recorded last year, according to IHS Markit’s 2020 APAC dividends report. This results from the circuit breaker measures amidst the COVID-19 pandemic, which in turn is projected to trigger a shrinkage of the gross domestic product (GDP) by more than 4% this year.
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