Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Singtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan

by Mark Darwin
in Lifestyle
Singtel jumps 3.6% on Salt=
Share on FacebookShare on Twitter


Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit

[SINGAPORE] Shares of Singtel rose on Thursday (May 22) morning after the telco giant announced a final dividend of S$0.10 per share and initiated its first share buyback programme of up to S$2 billion.

As at 11.21 am, the counter climbed to S$3.99, 3.6 per cent or S$0.14 higher than its Wednesday closing price of S$3.85, with 30.1 million shares changing hands, ShareInvestor data showed. This is the highest price Singtel shares have risen to in more than five years – the last time this happened was in 2017.

By 1.24 pm, the counter had eased back down to S$3.96, still up by 2.9 per cent or S$0.11, with 35.3 million shares transacted.

On Thursday, Singtel returned to the black with S$2.8 billion net profit for its second half ended March. The telco proposed a final dividend of S$0.10 per share.

It also disclosed plans to repurchase S$2 billion worth of shares in the open market as part of its capital management strategy; this maiden share buyback programme will be executed over three years, until FY2028.

Repurchased shares will be cancelled, and funding for the programme will be underpinned by excess capital from Singtel’s asset-recycling proceeds.

Under its Singtel28 growth plan, the company is raising to S$9 billion its mid-term asset-recycling target that it set at S$6 billion in May 2024.

Copyright SPH Media. All rights reserved.

Tags: BillionBuybackDividendJumpsplanS0.10ShareSingtel
Mark Darwin

Mark Darwin

Next Post
Reneé Rapp Seemingly Shades Sex Lives of College Girls Show in New Song

Reneé Rapp Seemingly Shades Sex Lives of College Girls Show in New Song

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In