Is the dividend of 5.1% calculated based on issue price of S$100?
The dividend of 5.1% per annum will be paid on a semi-annual basis, calculated on the issue price of S$100 per preference share. The dividend amount is not dependent on the prevailing market price of the preference shares. For example, if you subscribe for 200 preference shares at S$20,000, the dividend payable to you on each dividend payment date will be approximately S$510 on 20 June and on 20 December of each year, which means a total amount of S$1,020 per year. Please note that the first proposed dividend payment on 20 December 2008 will be less because of the shorter period for computation of dividend from 29 July 2008 to 19 December 2008. 3. Do I need to pay tax on the dividend received? If you are a resident in Singapore, or if you are a corporate entity in Singapore, the dividend you receive will not be liable to any further Singapore tax as it is tax exempt. You will receive the 5.1% dividend without any tax deduction. If you are not a resident in Singapore, please seek your o
