Keppel Corp Share Price SGX: BN4 Dividend Yield and Dates 2026

Few Singapore blue chips test an investor’s patience quite like Keppel Corp (SGX:BN4). After a 52-week ride from S$9.50 to S$13.25, the group closed FY2025 by proposing an approximately S$0.47-per-share total distribution (Keppel (FY2025 results release)) — up 38% from the year before.

Share price (4 Feb 2026): S$10.95 · FY2025 total distribution: ~S$0.47/share · Dividend yield: ~4.3% · 52-week high: S$13.25 · 52-week low: S$9.50 · Final dividend payment: 8 May 2026

Six numbers explain most of the BN4 case right now, and one pattern runs through all of them: the dividend calendar is already fixed while the share price stays volatile. Here is the scoreboard Keppel shareholders are working with.

What is the Keppel share price and dividend yield for 2026?

Keppel’s own FY2025 results release used a closing price of S$10.95 on 4 February 2026 as the reference for its dividend math (Keppel (FY2025 results release)). That same release put the yield on the proposed S$0.47 total distribution at approximately 4.3%. Aggregator trackers have quoted a trailing yield around 3.38%, reflecting the price at the time of their calculation; Keppel’s own number is the one to watch.

• Latest close: S$10.95 (4 Feb 2026)
• 52-week high: S$13.25
• 52-week low: S$9.50
• Latest session volume: 4.22 million shares (market data)

So where does the yield actually come from? The S$0.47 total consists of S$0.34 in ordinary cash dividends and approximately S$0.13 in special distributions — the specials being the part Keppel ties to completed asset monetisation (Keppel (FY2025 results release)). The ordinary line alone is the more conservative income figure.

The implication: Keppel’s yield is best read in two layers. The ordinary dividend is covered at a 56% payout ratio on New Keppel’s net profit; the special dividend is a monetisation kicker that can shrink in a quiet year (Keppel (FY2025 results release)).

What’s the next dividend date?

The next payout is the final FY2025 ordinary dividend, and it comes with a formal approval step. Keppel’s board has proposed S$0.19 per share, subject to shareholder approval at the annual general meeting on 17 April 2026 (Keppel (FY2025 financial statements)).

How much will the 2026 dividend be?

• Final ordinary dividend: S$0.19 per share — subject to approval at the 17 April 2026 AGM (Keppel (FY2025 financial statements))
• Special dividend: approximately S$0.13 per share — S$0.02 in cash plus one Keppel REIT unit per nine Keppel shares (Keppel (FY2025 results release))
• Interim 2026 dividend: S$0.15 per share, unchanged year on year (Keppel (investor relations))

The special was sized at 15% of the S$1.6 billion in asset monetisation Keppel completed in FY2025 (Keppel (FY2025 results release)). Add the S$0.15 interim to the S$0.19 final and the ordinary FY2025 dividend totals S$0.34 per share; the special lifts the full-year package to approximately S$0.47.

What are the dividend dates for the year 2026?

• 17 April 2026 — AGM; final FY2025 dividend subject to approval (Keppel (FY2025 financial statements))
• 27 April 2026 — ex-dividend date: buy before this day to qualify (SGX dividend calendar)
• 28 April 2026 — record date (SGX dividend calendar)
• 8 May 2026 — payment date for the final dividend and special distribution (Keppel (FY2025 financial statements))
• 12 August 2026 — book closure for the interim 2026 dividend (Keppel (investor relations))
• 21 August 2026 — payment date for the interim 2026 dividend (Keppel (investor relations))

When should I expect my dividend payment?

• Hold or buy before the 27 April ex-date and you qualify for the final and special distributions.
• The 28 April record date locks in your entitlement.
• Cash lands on 8 May: the S$0.19 final ordinary dividend plus the S$0.02 cash special, with Keppel REIT units following the same distribution schedule (Keppel (FY2025 financial statements)).
• The interim 2026 cash dividend of S$0.15 arrives on 21 August (Keppel (investor relations)).

The pattern is shareholder-friendly but hinge-dependent: every 2026 payout is already dated, and only the AGM vote on 17 April stands between you and the May cash. For planning purposes, the ex-date — not the payment date — decides who gets paid.

Should I buy Keppel Corp shares?

The bull case writes itself from the income statement: a 56% payout ratio (Keppel (FY2025 results release)), a 38% increase in total distributions, and an analyst target of S$13.26 — about 15.5% above UOB Kay Hian’s S$11.48 reference price (UOB Kay Hian (SGX equity research)). The bear case starts with the chart: the shares have swung from S$9.50 to S$13.25 in 52 weeks, and recent sessions have dipped below S$10 (market data).

What are the pros and cons of investing in Keppel?

The trade-off: Keppel currently pays you approximately 4.3% to hold through a transition from conglomerate to asset manager. If the transition works, the ordinary dividend grows and the specials keep coming. If monetisation slows, the yield drops back to the ordinary line and the share price carries the risk.

What is the latest news on SG stock?

Keppel’s headline news is the FY2025 results themselves: total distributions rose 38% year on year (Keppel (FY2025 results release)). The market reaction has been muted compared with the size of the dividend increase: the stock has spent time below S$10 even as the payout climbed (market data, Moomoo community discussions).

Keppel Corp recent developments

• 5 February 2026 — FY2025 results released; total distribution of approximately S$0.47 per share proposed (Keppel (FY2025 results release))
• UOB Kay Hian reaffirmed Buy with a S$13.26 target price on the back of the results (UOB Kay Hian (SGX equity research))
• Keppel guided the interim 2026 cash dividend at S$0.15, flat year on year (Keppel (investor relations))
• Keppel completed S$1.6 billion of asset monetisation in FY2025, funding the special dividend (Keppel (FY2025 results release))
• Community sentiment on platforms like Moomoo has swung between price-watch posts about dips below S$10 and dividend-capture planning for the 8 May payout (Moomoo community discussions)

The through-line in the news is capital recycling: Keppel sells assets, pays specials, and keeps the ordinary dividend steady. Whether that loop continues in 2026 is the question every buyer of the stock is really answering.

Who are the major shareholders of Keppel infrastructure Trust?

First, a naming trap that catches a lot of searches: Keppel Infrastructure Trust is a separate SGX-listed business trust, not the same entity as Keppel Corp (SGX:BN4). The two have different tickers, different distribution calendars, and different shareholder registers.

If you are looking for the trust’s major institutional holders, the list sits in the trust’s annual report and SGX substantial-shareholder disclosures — not in Keppel Corp’s FY2025 dividend release. The same discipline applies the other way: Keppel Corp’s shareholder base is disclosed in its own annual report.

• Keppel Corp (SGX:BN4) — the asset manager and infrastructure operator at the centre of this article
• Keppel Infrastructure Trust — a separately listed business trust with its own distribution calendar
• Keppel REIT — whose units are distributed in the FY2025 special dividend at a S$0.98 reference value (Keppel (FY2025 results release))

The pattern: “Keppel” now spans an asset manager, a business trust, and a REIT. Each has its own register and payout calendar, so the next time a search mixes them up, check the ticker before checking the yield.

Keppel Corp dividend timeline 2026

Six dates drive every Keppel payout this year, and only the first one still depends on a vote. The rest are already fixed in the company’s statements and dividend calendar.

The sequence to watch is the AGM-to-ex-date window: a positive vote on 17 April opens the qualifying window that ends at the 27 April ex-date, the last chance for new holders to claim the May payout. The August interim has no such suspense — it is already fully guided.

Confirmed vs. unclear: reading the dividend record

Most of what matters for the 2026 income calendar is confirmed in writing. What remains open is how much of it repeats in 2027.

Why this matters: the distance between the confirmed list and the unclear list is exactly the distance between income Keppel has already banked and execution it still has to prove.

What investors and analysts are saying

“Keppel share price dipped below S$10 today.”

Moomoo community discussion on Keppel (SGX:BN4)

The proposed final dividend is subject to shareholder approval at the AGM on 17 April 2026, and will be paid on 8 May 2026.

Keppel (FY2025 financial statements)

Maintain Buy on Keppel with a target price of S$13.26, implying 15.5% upside from the S$11.48 reference price.

UOB Kay Hian (SGX equity research)

The interim 2026 cash dividend of S$0.15 per share is unchanged year over year.

Keppel (investor relations)

The spread of voices sums up the stock: retail traders watching the price action, Keppel’s board locking in the payout, and the sell-side projecting upside. The 15.5% gap between the S$11.48 reference and the S$13.26 target is the analyst view of the risk-reward; the S$9.50–S$13.25 52-week range is the market’s.

What this means for investors

The FY2025 numbers give Keppel shareholders a real income event, not a promise: the S$0.47 total distribution is on the table, the AGM date is set, and the payment date is fixed. What is not fixed is the share price, and that is the trade. You are being paid approximately 4.3% to hold through a transition that can re-rate the stock either way. For a Singapore retail investor weighing the yield against a S$9.50 to S$13.25 trading range, the decision is clear: collect the S$0.47 payout and let the asset-management story play out — or wait for a steadier chart before committing new capital.

Frequently asked questions

If your question isn’t here, Keppel’s investor-relations page is the final authority on dividend mechanics, approval dates, and payout timing.

Related reading

• Keppel Corp Share Price SGX 2026: BN4 Analysis & Forecast
• Keppel Corp Share Price SGX: Dividend Yield & Targets