Altogether, the proposed total dividend for FY2025 is approximately 47 cents per Keppel share, up 38% from FY2024, comprising ordinary cash dividends of 34 cents per share, of which the proposed final cash dividend is 19 cents; interim dividend was 15 cents.
Along with its results announced on Feb 5, Keppel announced that Piyush Gupta, former group CEO of DBS Group Holdings, has been appointed chairman of Keppel as of April 17. He is taking over from Danny Teoh, who is retiring after 15 years at Keppel's board.
The company also announced a special dividend of 2 cents per share (as defined below) in cash and one unit in Keppel REIT for every nine shares in the company. The rationale for the proposed special dividend is to reward Keppel shareholders with value unlocked from completed asset monetisation.
