Sheng Siong Group Ltd (SGX: OV8) is a Singapore-grown supermarket chain with close to 60 outlets in Singapore. Recently, the company expanded into China to capture growth in that market. Even though Sheng Siong’s current dividend yield is not as high as what the stock market in general offers, investors should still have an idea of how its dividend performance has been if they were to invest in the company.
Here, let’s learn more about Sheng Siong’s dividend, including factors such as its dividend yield, dividend history, and most importantly, the sustainability of the dividend.
Sheng Siong shares closed at S$1.24 each on 2 December, giving a dividend yield of 2.8%.
For perspective, the SPDR STI ETF (SGX: ES3) had a distribution yield of 3.7% on the same day. The SPDR STI ETF is an exchange-traded fund (ETF) that tracks the fundamentals of Singapore’s stock market benchmark,