News: Investors often keep a close eye on dividends when evaluating stocks. Genting Singapore Limited (SGX: G13) is a prominent player in the integrated resort industry, and its dividend history is of interest to many. Let’s dive into the specifics of Genting Singapore’s dividends for 2024.
Key Points:
Company Overview:
1. Genting Singapore Limited, listed on the SGX Mainboard, operates Resorts World Sentosa in Singapore.
2. The company focuses on gaming, hospitality, MICE (Meetings, Incentives, Conferences, and Exhibitions), leisure, and entertainment facilities.
Dividend Yield (TTM):
1. As of now, Genting Singapore Limited offers a dividend yield of 3.76%.
2. This means that for every SGD 1 invested in the company, investors receive SGD 0.0376 in dividends annually.
Dividend History:
In 2023, Genting Singapore Limited paid two dividends:
- August 28, 2023: SGD 0.015 per security.
- May 3, 2023: SGD 0.02 per security.
- The company has consistently rewarded shareholders over the years, with a track record of dividend payments.
Share Price History:
1. Genting Singapore’s share price has fluctuated over time, influenced by market dynamics and industry trends.
2. Investors should consider both dividends and share price movements when assessing their investment decisions.
Ex-Dividend Date:
- The ex-dividend date for Genting Singapore’s 2024 dividend is August 28, 2023.
- Investors who own shares before this date will be eligible to receive the dividend.
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Future Prospects:
- While past performance doesn’t guarantee future results, Genting Singapore’s strong presence in the integrated resort sector positions it well for potential growth.
- Investors should stay informed about the company’s developments and financial health.
Genting Singapore’s dividend history reflects its commitment to rewarding shareholders. As an investor, understanding dividend payouts and staying informed about company updates can help you make informed decisions. Keep an eye on Genting Singapore as it continues to navigate the dynamic hospitality and gaming industry.
Frequently Asked Questions (FAQ)
1. What is Genting Singapore Limited?
Genting Singapore Limited is a publicly listed company on the SGX Mainboard. It operates Resorts World Sentosa in Singapore, focusing on gaming, hospitality, MICE (Meetings, Incentives, Conferences, and Exhibitions), leisure, and entertainment facilities.
2. What is the current dividend yield for Genting Singapore Limited?
As of now, Genting Singapore offers a dividend yield of 3.76%. This means that for every SGD 1 invested in the company, investors receive SGD 0.0376 in dividends annually.
3. When is the ex-dividend date for Genting Singapore Limited’s 2024 dividend?
The ex-dividend date for Genting Singapore’s 2024 dividend is August 28, 2023. Investors who own shares before this date will be eligible to receive the dividend.
4. How should investors consider Genting Singapore’s share price history?
Genting Singapore’s share price has fluctuated over time, influenced by market dynamics and industry trends. Investors should consider both dividends and share price movements when assessing their investment decisions.
Resorts World Sentosa (RWS)
Resorts World Sentosa is the flagship development of Genting Singapore. Spanning 49 hectares on Sentosa Island, the resort features various world-class attractions, including:
- Universal Studios Singapore, a major theme park
- S.E.A. Aquarium, one of the world’s largest aquariums
- Adventure Cove Waterpark
- Crockfords Tower, a luxury hotel
- A casino and numerous dining, entertainment, and retail facilities
RWS is a major tourism hub and contributes significantly to Singapore’s economy, attracting millions of visitors annually.
Gaming Operations
Genting Singapore is well known for its casino operations, which form a key part of its revenue. The casino at Resorts World Sentosa is one of two licensed casinos in Singapore, offering a wide range of table games, electronic gaming machines, and exclusive VIP gaming areas. It is a major draw for both domestic and international visitors.
Expansion and International Ventures
Apart from its flagship development in Singapore, Genting Singapore has sought opportunities for expansion in other international markets. The company has shown interest in developing integrated resorts in Japan, particularly in Osaka, with a focus on tapping into the Japanese gaming and tourism markets. Though this project is still in the planning stages, it indicates Genting Singapore’s long-term strategy for growth beyond Singapore.
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