NTUC Income Share

NTUC Income Share

For the past few years, NTUC Income shareholders have enjoyed the following dividends:
1999 & 2000 - 6% each year
2001 - 5%
2002 - 3.5%
2003 - 5%

NTUC Income's dividend policy is to reward shareholders for investment earnings on their capital, which is used to back our business. Dividends are declared on all shares held during the financial year and are based on our business performance during the year. It is declared at the Annual General Meeting and is credited directly to your bank account. Dividend is payable in full on shares held for a duration of 12 calendar months during the financial year and on a pro-rated basis on shares held for less than 12 months. During the past 5 years, our dividends have averaged about 5.1% per annum. The highest rate was 6% and the lowest rate was 3.5%. The dividend is calculated on the par value of the shares.

Limit

Each eligible policyholder may apply for a maximum of 5,000 shares (including existing ordinary and bonus shares) for a value of $50,000. The minimum number of shares is 10. The par value is $10 per share.

Procedure

Application forms are available at all branches and the Management Services Department, 6th floor, NTUC Income Centre. All applications received in the current month will be tabled for approval on the first working day of the following month. The cheque for payment of the shares will be cleared only after approval. On approval and after the cheque is cleared, a letter will be sent to the applicant confirming the allotment of the shares. As Income has adopted a scripless system, no share certificate will be issued.