How much dividends will you receive as a SIA shareholder after a 3-year hiatus?

The SIA group has declared it will pay its first round of dividends after three years. The group has previously suspended their dividend payout during the Covid-19 pandemic after the aviation industry was gravely hit by global travel restrictions.An interim dividend will be issued to shareholders at 10 cents a share. The dividends will be paid out to shareholders who bought SIA stock before the ex-dividend date of Dec 9, 2022 .

For individuals using trading platforms such as Tiger Brokers where your stocks are held in a holding account, the dividends will be automatically paid to your account within a few days after the platform has received it. Their initiatives to fundraise, retain talent and deploy resources allowed them to be one of the first carriers to launch flights and start sales when the Singapore government made the decision to reopen their borders earlier last year, starting with the Vacinated Travel Lanes in September 2021.SIA and Scoot carried 11.4 million passengers between April to September 2022, a 14 times increase from the same period the year before.

This is the first time since the pandemic that the SIA group has paid out a dividend. This is because of their strong balance sheet, with cash reserves rising steadily on the back of a strong recovery in the demand for passenger air travel. As the demand for travel has picked up in recent months, the demand for jet fuel has outpaced its supply. This could have an impact on SIA's total expenditure, which would eat into their profit margins.

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