Shares of the Singapore Exchange rose on Monday morning following its surprise move to raise its final quarterly dividend to 8.0 Singapore cents per share, up from 7.5 cents a year ago.SHARES of the Singapore Exchange rose on Monday morning following its surprise move to raise its final quarterly dividend to 8.0 Singapore cents per share, up from 7.5 cents a year ago.
Shortly after the opening bell, the stock was trading at S$8.28 as at 9.03am, up 1.4 per cent or S$0.11. It continued to build on its gains, surging to S$8.48 as at 10.27am, up 3.8 per cent or S$0.31, with 4.3 million shares changing hands. The bourse operator on Thursday announced a higher dividend for its fourth quarter ended June 30, 2020, on a strong set of results. SGX's total FY2020 dividend will be 30.5 cents per share.
Analysts had been looking out for the full-year dividend as a signal to how SGX saw market challenges. Most had expected it to keep to its base commitment of 30 cents for the full year, or 7.5 cents a quarter.
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