By default, REIT+ dividends are automatically reinvested. However, clients with an invested amount or portfolio value (net asset value) of at least S$5,000 can choose to receive quarterly dividend payouts directly to their designated bank account.
Once this requirement is met, the payout option becomes available in the portfolio page under “Manage Dividends”.
Eligibility for Quarterly Payouts
- The payout option remains available as long as either your invested amount or your portfolio value stays above S$5,000.
- If your portfolio value falls below S$5,000 due to market fluctuations and your invested amount is also below S$5,000, the payout option will be automatically disabled.
- You can regain eligibility by topping up your portfolio to meet the minimum invested amount of S$5,000, if your portfolio value dips below this threshold due to market fluctuations.
Dividend Distribution and Reinvestment
Dividends are credited to your REIT+ portfolio as the underlying REITs distribute them, typically on a quarterly or semi-annual basis, depending on each REIT’s schedule.
Dividends are first accumulate in your portfolio’s cash balance.
Once the accumulated amount reaches an economically viable level, Syfe’s cash management algorithm automatically reinvests the dividends into additional REIT units, maintaining alignment with the iEdge S-REIT Leaders Index weights.
You can view the underlying REITs’ historical dividend yields here.
Quarterly Payout Schedule
Eligible clients receive their dividends quarterly in January, April, July, and October.
Syfe will send an email notification before each payout to confirm or collect your bank account details if not already provided.
Tax Treatment
Distributions by Singapore-listed REITs to individuals and Singapore tax-resident companies are generally not subject to withholding tax.
However, individuals or entities deriving income from a trade, business, or profession in Singapore may still be subject to income tax on such distributions.
Please consult your tax adviser for guidance specific to your situation.
