STI boasts Asia’s highest dividend yield despite downturn
The STI currently has a 4.2% dividend yield.
Despite increased volatility in global equity markets, the Straits Times Index still managed to pay out the highest dividends among the region’s thirteen benchmark indices.
A report by SGX highlighted that the STI currently maintains a 4.2% dividend yield, a far cry compared to the regional average of 2.4%.
The Taiwan Stock Exchange Weighted Index (TAIEX, also referred to as TWSE) is a close second to the STI in terms of dividend yield.
Only five out of the 13 benchmark indices had a dividend yield above 3.0%, namely Taiwan's TAIEX, Hong Kong's Hang Seng, Thailand's SET 50 and Malaysia's KLCI.
The remaining eight benchmarks maintain yields below 3.0%. Korea's KOSPI 200 is the index with the lowest dividend yield at 1.3%.
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