Keppel Corp Share Price SGX: Latest BN4 Moves & Dividend
There’s a quiet confidence around Keppel Corp’s stock these days. After a fundamental restructuring that stripped away the old offshore-and-marine division, what remains is a leaner, cash-predictable holding company focused on connectivity, infrastructure and real estate. For investors tracking the BN4 ticker on the SGX, the real question isn’t just where the price is today — it’s what this new Keppel is worth.
Current Share Price (Keppel Ltd): SGD 10.07 ·
1-Year Price Change: +4.5% ·
Latest Announced Dividend (FY2025): SGD 0.47 per share ·
Temasek Holdings Stake: ~20% confirmed largest shareholder ·
52-Week Trading Range: SGD 9.48 – 13.25
Quick snapshot
- Keppel Ltd (SGX BN4) trades at approx. SGD 10.07, with a 52-week range of 9.48 to 13.25 (Yahoo Finance market data aggregator).
- Total dividend for FY2025 reached SGD 0.47 per share, a 38% YoY increase (Keppel Ltd official FY2025 financial results).
- Temasek Holdings is the single largest shareholder with a stake of approximately 20% (Wikipedia corporate profile and investor data).
- Whether the S$12.85 target price set by analysts will be hit within calendar 2026 (Growbeansprout.com Singapore equity research platform).
- Future dividend payout ratios and the long-term durability of the special dividend monetisation scheme (Keppel AGM official investor presentation).
- How a sustained global recession or a sharp rate-hike cycle would pressure Keppel’s infrastructure and real-estate book valuations (SG Investors IO Singapore stock analytics platform).
- Offshore & Marine division divested to Sembcorp Marine (Seatrium) in 2022–23 (Wikipedia Keppel Corp timeline). (Singapore stock analytics platform)
- Share price traded in a broad range of SGD 9.48 to 13.25 during the 2023–2024 post-restructuring phase (SG Investors IO Singapore stock analytics platform).
- S$500 million share buyback programme launched in 2025; 13.2m shares repurchased in 2H2025 alone (Keppel AGM official investor presentation).
- FY2025 final dividend of S$0.19 scheduled for payment on 8 May 2026, subject to shareholder vote (Keppel Ltd official dividend announcement). (corporate dividends page)
- 1H2026 interim dividend of S$0.15 due 21 August 2026, book closure 12 August 2026 (Keppel Investor Relations corporate dividends page).
- Asset monetisation programme continues — further special dividends possible if deal flow holds (Keppel Chairman’s Statement annual governance report). (corporate dividends page)
The table below condenses the core BN4 data points that recur throughout this analysis.
| Metric | Detail |
|---|---|
| Company Name | Keppel Ltd (formerly Keppel Corp) |
| Ticker (SGX) | BN4 |
| Sector | Infrastructure, Real Estate, Connectivity |
| Major Shareholder | Temasek Holdings (~20% stake) |
| Latest Price (Close, 4 Feb 2026) | SGD 10.95 |
| Typical Current Price | SGD 10.07 (52-wk range 9.48 – 13.25) |
| 1-Year Performance | +4.5% YoY |
| FY2025 Total Dividend | SGD 0.47 per share |
| Implied Yield | ~4.3% (based on S$10.95 close) |
What is the current share price of Keppel Corp?
As of the most recent trading sessions, Keppel Ltd (SGX: BN4) sits at approximately SGD 10.07, with a daily trading band of 10.00 to 10.18 according to Yahoo Finance live market data. Earlier in February 2026, the stock closed at SGD 10.95, reflecting a surge of interest immediately following the FY2025 dividend announcement (Keppel Ltd official financial results).
Over the past twelve months the share price has fluctuated within a 52-week corridor of SGD 9.48 to SGD 13.25, representing a year-on-year gain of about 4.5% (SG Investors IO historical price and volume tracker).
What is the current share price of Keppel Infrastructure Trust?
- Keppel Infrastructure Trust (KIT) trades under a separate SGX ticker and its price is not directly comparable to BN4; KIT units are valued on distributable income rather than active asset monetisation.
- Investors tracking Keppel should monitor BN4 for the corporate dividend story and KIT separately for yield-on-yield trust distributions.
Keppel share price today live
- For real-time quotes, Yahoo Finance streaming stock data remains the most accessible tier-2 source for BN4’s daily open, high, low and close.
- The S$9.48 floor and S$13.25 ceiling of the 52-week range act as the current technical support-resistance markers.
Keppel corp share price sgx history
- Our full historical breakdown of BN4 price action — including the restructuring dip and the 2025 recovery — is available in the Keppel Corp Share Price SGX: BN4 Analysis & Dividend Yield 2026 report (Singaporereport.net stock study).
What this means: The S$10.95 close in early 2026 represents market approval of the dividend path, but the 52-week band reminds investors the stock still tracks global rate cycles.
What is Keppel’s latest dividend amount?
Keppel’s dividend story for FY2025 is its strongest signal yet. The company proposed a total dividend of approximately S$0.47 per share — a 38% year-on-year increase (Keppel Ltd FY2025 financial results). This total is split between an ordinary dividend of S$0.34 per share (interim S$0.15 plus final S$0.19) and a special dividend of S$0.13 per share directly linked to the S$1.6 billion of asset monetisation completed during the year.
The resulting yield — implied at approximately 4.3% based on the SGD 10.95 closing price on 4 February 2026 — places Keppel Ltd ahead of most STI ETF payouts and fixed-deposit alternatives in the Singapore market.
What is the Keppel Corp dividend yield for 2026?
- Based on the announced FY2025 total of S$0.47 and the S$10.95 reference price, the dividend yield stands at about 4.3% (Keppel Ltd company announcement).
- The ordinary dividend alone (S$0.34) yields roughly 3.1%; the special dividend contributes the remaining ~1.2%.
What is the next dividend date?
- The FY2025 final dividend of S$0.19 is proposed for payment on 8 May 2026, subject to shareholder approval (Keppel Ltd dividend schedule).
- The 1H2026 interim dividend of S$0.15 is scheduled for 21 August 2026, with a book closure date of 12 August 2026 (Keppel Investor Relations dividend calendar).
How often does Keppel Infrastructure Trust pay dividends?
- Keppel Infrastructure Trust typically distributes income on a bi-annual or annual basis, depending on the trust’s revenue cycle. This is distinct from Keppel Ltd’s corporate dividend schedule, which follows the financial year.
The implication: Keppel has effectively decoupled its dividend policy from a single business cycle, using asset sales to supplement ordinary earnings and creating a payout model that can sustain growth even in flattish operating years.
Who are the largest shareholders of Keppel Corporation?
Temasek Holdings, Singapore’s sovereign wealth fund, is the single largest shareholder of Keppel Corporation. Its stake is widely reported to be approximately 20% of the company (Wikipedia corporate ownership section; Keppel Annual Report largest shareholder disclosure).
No other institutional shareholder comes close to that percentage. Temasek’s dominance provides a strong floor for governance and valuation, but it also means that BN4 will rarely trade at a deep discount without the sovereign fund’s implicit comfort.
How much of Keppel does Temasek own?
- Temasek’s interest is consistently cited at roughly 20%, making Keppel a Temasek-linked company (TLC) — not a direct subsidiary, but a publicly listed entity with a controlling state-linked shareholder.
The trade-off: Temasek’s backing gives investors a strong governance anchor, but it also means the stock is rarely mispriced deeply; the sovereign shareholder effectively provides a valuation floor.
What are the latest news headlines about Keppel Corporation?
The most consequential headline for Keppel in recent years is the completion of its Offshore & Marine divestment to Sembcorp Marine (now Seatrium) in 2023, a move that fundamentally rewrote the company’s risk profile (Wikipedia Keppel Corp restructuring history). Post-divestment, Keppel focuses on three core pillars: Connectivity, Infrastructure, and Real Estate.
In 2025 the company announced a S$500 million share buyback programme, and by the end of the second half it had already repurchased 13.2 million shares worth S$116 million (Keppel AGM CEO presentation slides). That action signals management’s confidence in the stock’s intrinsic value at current levels.
Keppel corp share price sgx news
- Market reaction to the FY2025 results has been positive: the implied 4.3% yield and the clear special-dividend framework place Keppel Ltd firmly on the radar of income-focused investors (Keppel Ltd FY2025 press release).
- Analysts note that the special-dividend scheme — distributing 10% to 15% of gross asset-monetisation value — is a rare structure in Singapore’s listed equity landscape (Keppel Chairman’s Statement policy description).
The pattern: Every major headline since 2022 tracks a single strategic direction — shedding heavy-industrial volatility and accumulating predictable, cash-generative asset management.
Is Keppel Corp a good buy now?
The investment case for Keppel Ltd rests on two things: dividend sustainability and the long-term demand for its three core businesses. The FY2025 results offer strong evidence on the first point. On the second, the company itself cites demand growth in power and digital infrastructure as a structural tailwind (Keppel Ltd 1H2026 business driver statement).
A Singapore equity research platform, Growbeansprout.com, sets a share price target of S$12.85 for Keppel Ltd, a figure that implies meaningful upside if the current operating and dividend trajectory holds (Growbeansprout.com Keppel analysis). For a broader look at this target and the assumptions behind it, see our BN4 dividend target breakdown (Singaporereport.net dividend and target analysis).
What is the target price for Keppel shares in 2026?
The published S$12.85 target is the main number to track. It assumes Keppel’s operating momentum and asset monetisation pipeline stay broadly intact through calendar 2026.
If global M&A activity cools, the special dividend component could shrink, narrowing the headline 4.3% yield to the ordinary dividend alone.
Is Keppel Infrastructure Trust a good investment?
Keppel Infrastructure Trust is a different proposition. It suits income investors who want recurring distributions from a fixed infrastructure pool, while Keppel Ltd offers corporate-level asset management and monetisation upside.
Keppel corp share price sgx prediction
The medium-term direction depends on the macro environment and on Keppel’s ability to keep selling assets into a stable deal market. The S$12.85 target is a forecast, not a guarantee.
Three equity stories, one common history, but very different investor profiles.
| Entity | Focus | Revenue Model | Dividend Profile | Risk |
|---|---|---|---|---|
| Keppel Ltd (BN4) | Global asset manager | Management fees, asset monetisation | High, growing (~4.3% yield) | Interest rates, deal-flow gaps |
| Keppel Infrastructure Trust (KIT) | Infrastructure trust | Distributable income from assets | Recurring, predictable | Asset lifecycle, regulation |
| Seatrium | Offshore and marine | Project-based engineering | Minimal / volatile | Oil and gas cycle, execution risk |
One look at the numbers shows the step change in Keppel’s financial profile since the restructuring.
| Spec | FY2025 | FY2024 (comparable) |
|---|---|---|
| Net profit (New Keppel basis) | S$1.1 billion | S$793 million |
| Ordinary dividend per share | S$0.34 | S$0.24 |
| Special dividend per share | S$0.13 | S$0.00 |
| Total dividend per share | S$0.47 | S$0.24 |
| Implied yield (on Feb 4 close) | ~4.3% | ~2.2% |
| Share buyback (2H2025) | S$116 million | N/A |
| YoY dividend increase | 38% | N/A |
Upsides
- Institutional backing from Temasek provides stability and strong governance.
- High and growing dividend yield (~4.3%) supported by a transparent special-dividend framework.
- Successful pivot from heavy-industrial capital expenditure to an asset-light management model.
- Active share buyback programme signals management confidence in intrinsic value.
Downsides
- Dividend sustainability relies on continuous asset monetisation; a slowdown would shrink special dividends.
- Exposure to cyclical risks in global infrastructure markets and interest rate cycles.
- Post-restructuring corporate structure adds complexity for retail investors trying to compare across the board.
Income investors get a transparent, growing payout — but the total yield depends on the pace of deal flow. If the global M&A environment cools, the special dividend component could compress, and the headline 4.3% yield would narrow to the ordinary dividend alone.
Why this matters: The S$12.85 target is achievable only if the macro environment cooperates with Keppel’s monetisation programme. The ordinary dividend, however, is already competitive by STI and fixed-deposit benchmarks.
Keppel Corp timeline: from offshore giant to asset-light income stock
- – Keppel Corp announces the sale of its Offshore & Marine division to Sembcorp Marine (now Seatrium) (Keppel Ltd corporate press archive).
- – Restructuring complete. Keppel transitions to an asset-light global asset manager focused on Connectivity, Infrastructure, and Real Estate (Wikipedia restructuring entry).
- – Share price trades in a range of SGD 9.48 to SGD 13.25 as the market digests the new corporate shape (SG Investors IO price-range data).
- – Keppel launches a S$500 million share buyback programme; 13.2 million shares worth S$116 million repurchased in 2H2025 alone (Keppel AGM CEO slides).
- – FY2025 results released: New Keppel net profit of S$1.1 billion; total dividend of S$0.47 per share; closing share price on 4 February at S$10.95 (Keppel Ltd FY2025 results).
The sequence shows how fully Keppel has moved from heavy-industrial volatility to an asset-light dividend model.
Confirmed vs. unclear: Keppel’s investment landscape
Confirmed facts
- Keppel Ltd (BN4) closed at S$10.95 on 4 February 2026 (Keppel Ltd financial results release).
- Total dividend for FY2025 is S$0.47 per share, comprising S$0.34 ordinary and S$0.13 special dividend (Keppel Ltd official dividend breakdown).
- Temasek Holdings is the single largest shareholder (Wikipedia shareholder listing).
- Keppel completed its O&M divestment to Seatrium in 2023 (Wikipedia divestment record).
What’s unclear
- Whether the special dividend ratio (10–15% of gross monetisation value) can be sustained if global infrastructure deal flow contracts.
- If the share price target of S$12.85 set by Growbeansprout.com will materialise within the current 52-week range.
- How a prolonged global recession or interest-rate shock would flow through to Keppel’s infrastructure and real estate portfolio valuations.
- Whether the S$12.85 target already prices in a slowdown in Keppel’s asset monetisation pipeline.
The knowns are strong, but the open variables mean Keppel’s valuation still depends on execution rather than momentum.
What analysts and the company say
“Keppel’s transformation is supported by demand growth in power and digital infrastructure. Our focus on asset-light management allows us to return value to shareholders consistently.”
Keppel CEO presentation, April 2026 (official AGM slides)
“At a target price of S$12.85, Keppel Ltd represents a compelling income and growth story for investors who value a clear, verifiable dividend policy.”
Equity research, Growbeansprout.com
“The step change in Keppel’s financial profile is visible in the numbers. An implied yield of 4.3% puts it in a different league from most Singapore-listed equities.”
Market analysis, SG Investors IO
The evidence is clear: Keppel Ltd has successfully executed one of the most significant corporate transformations in Singapore’s recent history. What has emerged is a cash-generative, dividend-focused entity with strong institutional backing and a defined payout framework. For income-focused investors in the Singapore market, the choice is clear: Keppel Ltd offers a high, verifiable dividend yield backed by solid monetisation, but the trade-off is exposure to the cyclical risks of infrastructure and interest rate movements. A long-term hold.
keppel.com, growbeansprout.com, keppel.com, thesmartinvestor.com.sg, growbeansprout.com
Frequently asked questions
What is the Keppel Corp stock symbol on the SGX?
The stock symbol (ticker) for Keppel Ltd on the Singapore Exchange is BN4.
How does the Keppel Corp business generate revenue?
Post-restructuring, Keppel generates revenue through management fees, recurring income from its connectivity and infrastructure assets, and gains from asset monetisation.
What are the key risks for Keppel Corp investors?
Key risks include global interest rate hikes affecting its real estate portfolio, a slowdown in M&A or deal flow that reduces special dividends, and general macroeconomic uncertainty.
What is the difference between Keppel Ltd and Keppel Infrastructure Trust?
Keppel Ltd is an asset holding company that actively manages and monetises assets. Keppel Infrastructure Trust is a business trust that distributes income from a fixed pool of infrastructure assets.
Is Keppel Corp a direct Temasek subsidiary or a Temasek-linked company (TLC)?
Keppel is a Temasek-linked company (TLC). Temasek is its largest shareholder but does not manage day-to-day operations.
Where can I find the official Keppel Corp annual report?
The official annual report is available on the Keppel corporate website under the Investor Relations section (keppel.com).
What was Keppel Corp’s net profit in the last financial year?
Keppel reported a New Keppel net profit of approximately S$1.1 billion for FY2025, up 39% from S$793 million in FY2024.
The recurring theme across these answers is that BN4 now behaves more like an income stock than a cyclical engineering play.
Related reading: Keppel Corp Share Price SGX: BN4 Analysis & Dividend Yield 2026 · Keppel Corp Share Price SGX (BN4): Dividend & Target 2026
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