SPDR STI ETF Dividend (ES3) – August 2023 – Beragampengetahuan

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 2023, our Singapore domestic index tracker SPDR STI ETF has declared its dividend payout of SGD $0.073.

As of August 9, 2023, the ETF’s distribution yield is 3.9%.

Overview – SPDR® Straits Times Index ETF

The State Street SPDR (the acronym is pronounced “spider”) Straits Times Index ETF is one of the oldest ETFs in Singapore with a Fund Inception Date of 11-April-2002 and 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.

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.

Key information about the STI ETF

• Stock Code = ES3
• Board Lot Size = 1 (with effect from 17 January 2022)
• Distribution Frequency = Semi-annual in 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 2023 dividend payout is 11 August 2023 and the dividend distribution will be payable on 25 August 2023.

Below is a screenshot of the actual announcement as seen on the SGX website under corporate action.

SPDR STI ETF August 2023 Dividends = SGD $0.073 (see chart and technical)

Many of us would be happy to know that STI ETF has been on a good run for the past 1 year when compared to Singapore-based REITs (e.g. Syfe REIT+) or the global market (e.g. Vanguard ETF – VT).

The dividend yield of STI ETF is not bad but if we zoom out and take a look at this chart I pulled from Yahoo Finance, it looks suspiciously like it has been flat-lining for the past 15 years.

If you are looking to invest in the Singapore market in a passive way, the SPDR Straits Times Index (STI) ETF is one solid option worth considering.

With a relatively stable performance (which could be a bad thing, considering the above chart), low fees, and exposure to a range of sectors, the ETF is a cost-effective way to diversify your portfolio and see it as sort of a dividend play.

As mentioned, it would be prudent to consider the weightage of the 3 Singaporean banks.

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