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Will I receive dividends and how are they handled?

Yes, you may receive dividends from your investments, depending on the type of portfolio you hold.

Core and Select Portfolios

  • These portfolios invest in diversified equity and bond ETFs, many of which distribute dividends.
  • While not all companies or ETFs pay dividends, you will likely receive some, as your funds are invested across thousands of companies globally.

How dividends are handled:

  • Dividends are automatically reinvested.
  • They are first credited into the small cash balance maintained within your portfolio.
  • Once the accumulated amount (including any new deposits) reaches an economically viable threshold, Syfe’s cash management algorithm triggers a reinvestment into your portfolio’s underlying ETFs.
  • This reinvestment will be visible under the 'Transactions' section in your app as a purchase, and your holdings will be updated accordingly.

REIT+ Portfolios

  • These portfolios invest in Real Estate Investment Trusts (REITs), which typically provide regular dividend distributions.

Default dividend handling:

  • Dividends are automatically reinvested by default.

Payout option:

  • If your invested amount or portfolio value (NAV) is at least S$5,000, you may opt to (via your Syfe app) receive quarterly dividend payouts directly to your designated bank account instead.
  • If your portfolio falls below this threshold, dividends will continue to be reinvested.

Learn more about REIT+ dividends here →

Income+ Preserve and Income+ Enhance Portfolios

  • Income+ portfolios invest in bond funds that aim to provide monthly dividend income.

Default dividend handling:

  • Dividends are automatically reinvested by default.

Dividend payout option:

  • If your invested amount or portfolio value (NAV) is at least S$5,000, you may opt to (via your Syfe app) receive monthly dividend payouts directly to your designated bank account instead. The dividends will be paid out within the first 10 business days of every month (for the previous month’s dividends).
  • If your portfolio falls below this threshold, dividends will continue to be reinvested.

To view your dividends (REIT+ and Income+) in the Syfe app:

  1. Open your Syfe app and tap on the relevant portfolio
  2. Scroll down and tap on the “Dividends Earned” section to view your dividend history and details

Income+ Max Portfolio

  • Income+ Max aims to provide monthly dividend income from two sources: bond coupons and options premiums from a covered-call strategy.

Default dividend handling:

  • Dividends are automatically reinvested in USD by default.

Dividend payout option:

  • If your portfolio value is at least USD 5,000, you may opt to (via your Syfe app) receive monthly dividend payouts to your verified bank account instead.
  • Dividend payouts are made in SGD. Your dividends will be converted from USD to SGD at the prevailing exchange rate at the time of conversion. Before you confirm the switch, an indicative exchange rate (based on the previous day's closing rate) will be shown. The final rate applied may differ.
  • When you switch to Payout, both dividends already accrued and all future dividends will be paid out to your bank account.
  • If your portfolio value is below USD 5,000, the Payout option will not be available and your dividends will continue to be reinvested.

When will I receive my dividends?
Income+ Max invests in ETFs that pay dividends on different dates, so dividends take longer to process than for other Income+ portfolios. Dividends are paid out by the 15th of the second month after they are earned.

Example: If you invest in October, your October dividends will be paid out by 15 December 2026.

Where can I see the exchange rate applied?
Once your dividend payout is completed, go to Transactions > Dividend Paid Out in your Syfe app to view the payout amount, the exchange rate applied, and the final converted amount.

Important Notes:

  • If your portfolio is currently set to reinvest dividends and you wish to start receiving payouts instead, we recommend toggling the option in your Syfe app at least 10 business days before the start of the next month or quarter.
    • Example: For an Income+ Preserve/Enhance portfolio, if you want your March 2025 dividends to be paid out, we recommend you to switch the setting before 20 March 2025 (i.e. 10 business days before 1 April).
  • When dividends are set to be reinvested, they are first accumulated in your portfolio’s small cash balance.
    • Once the amount (including any new deposits) reaches an economically viable threshold, it is automatically reinvested by our cash management algorithm.
    • If you later switch to a payout setting and the available cash balance is insufficient to cover the full dividend amount, Syfe may initiate sell orders in your portfolio to build up the necessary funds for payout.