SINGAPORE - The Monetary Authority of Singapore recently instructed local banks and finance companies to cap their total dividends per share for the 2020 financial year at 60 per cent of total dividends paid in 2019, and offer investors the option of receiving payouts in shares not cash.
The move led to some raised eyebrows, primarily because the regulator has never before interfered in dividend policies, which are usually left to the discretion of directors.Enjoy unlimited access to ST's best work Subscribe Now
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ComfortDelGro books H1 loss of S$6m, no interim dividend declaredWEAK ridership during the pandemic dragged transport operator ComfortDelGro into the red for the half-year ended June 30, 2020. The group chalked up a net loss of S$6 million against a net profit of S$146.3 million a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Covid-19 weighs on dividends of Asian companiesTHE ongoing battle against the economic fallout of the outbreak of Covid-19 has cast greater uncertainty over dividend payouts by companies in the Asia-Pacific. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
ComfortDelGro books H1 loss of S$6m, no interim dividend declaredWEAK ridership during the pandemic dragged transport operator ComfortDelGro into the red for the half-year ended June 30, 2020. The group chalked up a net loss of S$6 million against a net profit of S$146.3 million a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Football: Fernandes wants trophies to back up Cantona comparisonsBruno Fernandes wants Manchester United to learn from the pain of two semi-final defeats already this season to cap the Portuguese's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Turkey slams Biden's past call for US to back Erdogan opponentsTurkey on Saturday condemned as 'interventionist' comments that U.S. Democratic presidential contender Joe Biden had made in December when he ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US calls for probe into Beirut blast, says Lebanon cannot go back to 'anything goes' eraBEIRUT (REUTERS) - The United States called on Saturday (Aug 15) for a transparent and credible investigation into the massive port blast in Beirut that killed 172 people and said Lebanon could never go back to the days 'in which anything goes'at its ports and borders.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »