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.
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.