On July 27, Sing Investments and Finance reported 1HFY20 earnings of $3.9 million, down 22.2% y-o-y. No interim dividend was declared. For FY2019, it paid six cents, down from seven cents paid in FY2018.
Just nine days after calling banks to curb their dividend, the Monetary Authority of Singapore is urging finance companies to similarly cap their dividends this year to 60% of what they paid last year.
The finance companies are also encouraged to offer scrip in lieu of cash.
