SBS Transit shares rise 10.4% to hit all-time high on special dividend proposal
[SINGAPORE] Shares of SBS Transit rose S$0.36 or 10.4 per cent to hit S$3.80 at 9.12 am on Wednesday (Feb 25), reaching an all-time high for the counter.
The rise comes on the back of the transport group’s release of its full-year financial results on Tuesday, where it said it is rewarding shareholders with a final dividend of S$0.0866 per share and a special dividend of S$0.3199 per share.
This will result in a total dividend of S$0.4960 per share for 2025, including the interim dividend of S$0.0895. It represents a payout ratio of 253 per cent.
The dividends were announced despite full-year net profit falling 13 per cent year on year to S$61.2 million, as revenue and operating profit both declined.
SBS Transit said that the board proposed the special dividend after a “review of the group’s capital requirements and funding needs”.
The final and special dividends are payable if approved by shareholders at the annual general meeting on Apr 23.
SBS Transit’s parent company, ComfortDelGro, is the majority shareholder.
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