APAC Realty Limited proposed that the board of directors has declared a Final exempt (one-tier) dividend of 1.4 cent per share for the year Ended December 31, 2023. Together with the interim dividend of 1.1 cent per share paid out on 8 September 2023, the total dividend in financial year 2023 represents a dividend payout ratio of 78.0%. This is in line with dividend policy of distributing 50%-80% of profits as dividends on a semi-annual basis.

Based on APAC Realty's closing share price of SGD 0.46 on 22 February 2024, the total dividend of 2.5 Singapore cent per share represents a dividend yield of 5.4%. Record date is 26 April 2024. Payment of proposed final tax-exempt dividend, if approved by the shareholders at the forthcoming Annual General Meeting to be convened, will be made on 8 May 2024.