The special dividend comprises 2 cents per share in cash and one unit of Keppel REIT for every nine Keppel shares held. The Keppel REIT unit translates to a special dividend of around 11 cents per Keppel share, based on the Feb 3 closing price of 98 cents. Altogether, the total FY2025 payout will be 47 cents per Keppel share, up 38% y-o-y.
Keppel’s (SGX:BN4
) shareholders have been enjoying capital gains, with the share price climbing more than 70% over the past year to its highest level since 2014. They are set to pocket more dividends as well.
As part of its FY2025 results, Keppel announced a new special dividend payout formula to distribute 10% to 15% of the gross value of monetisation of non-core assets completed in a particular year. In FY2025, Keppel announced plans to monetise $2.9 billion in assets, of which $1.6 billion was completed. This special dividend is in addition to ordinary dividends, which will depend on the net profit of the New Keppel. Keppel has already paid an interim dividend of 15 cents and plans to pay a final dividend of 19 cents, which translates to a 56% payout ratio.
