ST Engineering announces higher dividend for 2025

ST Engineering's shares rose after the company announced plans to increase its dividend payouts for 2025. The stock jumped 3.3 percent to a new high of $6.53 on March 18. The firm plans to propose a total dividend of 18 cents per share for the financial year 2025. This is up from 17 cents per share in 2024. The increase is based on strong earnings and a positive outlook for the next five years. ST Engineering reported record revenues of $11.28 billion and earnings of $702 million for 2024. For 2025, the dividend will include an interim payment of 4 cents for each of the first three quarters, plus a final payment of 6 cents. Additionally, the company unveiled a new dividend policy starting from 2026. This policy will allocate about one-third of the yearly increase in net profit as dividends. CEO Vincent Chong emphasized the company's goal of balancing dividends with reinvestment for growth. The commercial aerospace division has contributed significantly to meeting revenue targets for 2026. ST Engineering aims for continued growth in revenue and profits, while maintaining regular quarterly dividends for shareholders.