This morning, I read that ST Engineering has cancelled its dividend payout from a post in an investing forum. At that moment, I was shocked as so far no companies had announce dividend payout and cancelled it due to the impact from COVID-19. I quickly checked upon ST Engineering’s website and found the related news. It was not true that ST Engineering has cancelled its dividend payout. It was because the Annual General Meeting (“AGM”) has to be deferred to a later date.

If you didn’t know, the proposed final dividend of 10.0 cents per share is subjected to shareholders’ approval at the Annual General Meeting (“AGM”), under Singapore law. With the deferment of the Annual General Meeting (“AGM”), the record date and payment date of the proposed final dividend will have to be deferred as well.

The following FAQ is extracted from ST Engineering’s website:

ST Engineering is