The State Street SPDR Straits Times Index (STI) Exchange Traded Fund (ETF) pays out dividend payouts bi-annually i.e. twice a year in February and August.
For August 2020, our Singapore domestic index ETF has declared its dividend payout.
SPDR® Straits Times Index ETF
The State Street SPDR (the acronym is pronounced “spider”) Straits Times Index ETF is one of the oldest ETF in Singapore with a Fund Inception Date of 11-April-2002 and a SGX Listing Date of 17-April-2002.
As per the factsheet, the Straits Times Index is maintained by FTSE International Limited and represents the performance of the top 30 eligible companies. The Index constituents are reviewed semi-annually in March and September and are diversified across all sectors. The 30 constituents of the Straits Times Index can be found on the SGX link here.
The investment objective of the Fund is to replicate as closely as possible, before expenses, the performance of the Straits Times Index (“Index”). The Fund will seek to achieve this objective by investing all, or substantially all, of its assets in Index Shares in substantially the same weightings as reflected in the Index.
Some key information of the STI ETF :
- Stock Code = ES3
- Board Lot Size = 10 (with effect from 16 September 2019).
- Distribution Frequency = Semi-annual : February and August
- Number of Holdings = 30
- Remarks = The STI ETF is notably overweight on financials with the three local banks (DBS, UOB and OCBC) making up approximately one-third of the weightage.
STI ETF Dividend Payout
Ex-date for the August 2020 dividend payout is 11 August 2020 (Tuesday) so take note if you’re going to be making any transactions soon.
The dividend distribution will be payable on 25 August 2020 (Tuesday). Below is a screenshot of the actual announcement.
- Aug 2020 Dividends : SGD $0.059 (2.31% yield based on $2.55 price)
- Feb 2020 Dividends : SGD $0.056
Combining this payout and the last payout, STI ETF dividend total of $0.115 presents a current yield of 4.51%. I don’t expect this level of dividend to be carried over to next year, considering the current situation that we’re in.
The performance of STI ETF has lagged relative to the global market, so the dividends serves to provide me with much needed passive income.
Unfortunately, STI ETF has performed poorly when compared to Vanguard VT and my robo-advisor, AutoWealth in the past three years.
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Hello! I’m Kevin, Turtle Investor
At the age of 30, I am the personal finance blogger who laid claim to a negative net worth of minus $25,755.
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I am married to a lovely wife and that means dual income with no kids. In my free time, I chase miles so that we can fly in business class. My hobby is making pocket change off this blog and sharing everything I know with you!
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