Dividend yield

The yield on the quote strip is the SGX screener field. SGX sends a fraction such as 0.0418. We store it as percent, 4.18. That is the number labelled forward yield.

Separately we sum cash amounts on SGX corporate-action rows whose ex-date falls in the last 365 Singapore calendar days. That sum is TTM DPS. Dividing TTM DPS by last price is a trailing yield you can recompute from the dividend table. The two disagree after a special dividend, a cut, or a sharp move in the price.

Yield rises when the price falls. It also rises if the last twelve months include a special that will not repeat. It does not say whether the next dividend is safe.

On an S-REIT the economic cousin is distribution yield on DPU, not company DPS. We still print the screener yield on REIT pages because that is what SGX sent. Do not read CICT's yield as if it were DBS.

IRAS treats dividends paid by a Singapore-resident company under the one-tier system as not taxable in the shareholder's hands. Co-operatives are the named exception. IRAS lists dividends from SGX-listed resident companies, evidenced by the CDP statement, among the non-taxable examples.

Income distributions from REITs to individuals are also generally not taxable, unless they come through a partnership in Singapore or from carrying on a trade in REITs. That is tax law. It is not a reason the yield is generous.