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 February 2021, our Singapore domestic index STI ETF has declared its dividend payout.
Oops, haha! I was so busy that I realized that I had prepared this blog post without publishing.
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 February 2021 dividend payout was 09 February 2021 and the dividend distribution will be payable on 24 February 2021.
Below is a screenshot of the actual announcement.
- Feb 2021 Dividends : SGD $0.040 (see chart and technicals)
The performance of STI ETF has been playing catch up relative to the global market so the dividends serves to provide much needed passive income.
Many of us would be happy to know that STI ETF has been on a good run since the start of the year when compared to Singapore-based REITs or the global market e.g. Vanguard VT.
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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 – and decided to turn things around.
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