Lion-Phillip S-REIT Dividend: Yield, History & Next Payout
If you are a Singaporean investor hunting for steady dividend income, Lion-Phillip S-REIT (CLR.SI) has likely appeared in your search. This ETF tracks the iEdge S-REIT Index, has paid semi-annual dividends since its 2017 launch, and now offers a forward yield around 5.3% as of mid-2026 — raising the question whether it can replace picking individual REITs.
Ticker: CLR.SI ·
Last Dividend (per share): SGD 0.02 (July 2026) ·
Forward Dividend Yield: 5.31% (July 2026) ·
Dividend Per Share (2025): SGD 0.045 ·
Dividend Yield (2025): 5.5% ·
Expected Next 12M Dividend: SGD 0.05 per share
Quick snapshot
- Last dividend: SGD 0.02 per share as of July 5, 2026 (POEMS ETF Screener).
- Forward yield: 5.31% as of July 5, 2026 (Growbeansprout).
- 2025 annual dividend: SGD 0.045 per unit (Growbeansprout).
- Next ex-dividend date for H2 2026 not yet announced.
- Sustainability of dividend beyond 2026 depends on REIT market conditions.
- Possible dividend cut or capital reduction not ruled out.
- Jan 2026 ex-date and Feb 2026 payment (POEMS).
- Expected next ex-date ~Jul 2026 (Stock Events).
- Expected next dividend announcement ~Dec 2026 (semi-annual cadence). (DivvyDiary)
- Forward 12-month dividend estimate: SGD 0.05 per share (DivvyDiary).
Six key specs, one pattern: Lion-Phillip S-REIT is a low-cost, broad-market REIT ETF with a semi-annual payout cycle that has remained consistent since launch.
| Attribute | Value |
|---|---|
| Ticker | CLR.SI |
| Launch Date | 2017 |
| Index Tracked | iEdge S-REIT Index |
| Management Fee | 0.60% p.a. (approx) |
| Dividend Frequency | Semi-annual |
| 2025 Annual Dividend | SGD 0.045 per unit |
What is the next dividend payment for Lion-Phillip S-REIT?
Lion-Phillip S-REIT dividend payout schedule
- The most recent dividend was SGD 0.02 per share with an ex-date of 28 January 2026 and payment on 27 February 2026 according to POEMS ETF Screener.
- Stock Events reports the next dividend per share will be S$0.02 with ex-date 30 July 2026 and payment 28 August 2026 (Stock Events).
- The forward dividend yield stands at 5.31% as of July 5, 2026 (Growbeansprout).
How to check the next ex-dividend date
- Monitor SGX announcements or Lion Global Investors’ official Lion Global Investors (fund manager) factsheets for updates.
- Set alerts on broker platforms like POEMS, Tiger Brokers, or Moomoo for CLR.SI.
- Historical data from Growbeansprout shows a consistent January/July cycle for several years.
Which REIT has the highest dividend among Singapore REITs?
Top Singapore REITs by dividend yield
Seven yields, one pattern: most Singapore REITs offer between 5% and 7%, but individual picks can beat the ETF’s blended return.
| REIT / ETF | Forward Dividend Yield (approx) | Source |
|---|---|---|
| Lion-Phillip S-REIT (CLR.SI) | 5.31% | Growbeansprout |
| Mapletree Logistics Trust | ~5.5% | Market data |
| CapitaLand Integrated Commercial Trust | ~5.3% | Market data |
| Frasers Logistics & Commercial Trust | ~6.0% | Market data |
| Keppel DC REIT | ~4.8% | Market data |
How Lion-Phillip S-REIT compares to other REITs
- The ETF’s yield is in the middle of the pack. Mapletree Logistics Trust and Frasers Logistics & Commercial Trust offer higher payouts, but concentrated exposure.
- Lion-Phillip S-REIT provides diversification across 20+ REITs. As The Smart Investor notes, it is the first and largest Singapore REIT ETF, with over S$585 million in assets as of July 2025.
- Individual REIT yields can fluctuate more. The ETF smoothens these swings but also caps upside.
- Diversification across 20+ REITs reduces single-name risk.
- Low-cost at 0.60% expense ratio.
- Simple semi-annual payout schedule, consistent since 2017.
- Track record as the first and largest S-REIT ETF.
- Yield is middle-of-the-pack; individual REITs can beat it by 0.5–1.5%.
- Capped upside compared to holding top performers directly.
- Capital component in H1 2024 signals payout not fully covered by income.
- Correlated with overall S-REIT market, no real diversification into other sectors.
For a Singapore retail investor, the ETF offers simplicity and diversification at 0.60% expense ratio, while direct REIT picking can boost yield by 0.5–1.5% but requires stock-picking research and carries single-name risk.
What is the Lion-Phillip S-REIT dividend history?
Lion-Phillip S-REIT dividend per share 2024 vs 2025
- 2025 total dividend: SGD 0.045 per unit (Growbeansprout).
- H1 2024 distribution: 74.4% distributable income and 25.6% capital component (Lion Global Investors official PDF).
- Historical patterns from POEMS show distributions in Jan/Feb and Jul/Aug cycles each year.
Has Lion-Phillip S-REIT ever cut its dividend?
- No outright suspension reported. However, the H1 2024 payment included a 25.6% capital component, meaning not all of the payout came from rental income.
- The 2024 distribution amount (reportedly around SGD 0.02–0.03) was lower than 2025’s SGD 0.045, indicating variability.
- Investors should watch the Lion Global Investors factsheets for changes in the income/capital split.
The 25.6% capital component in H1 2024 signals that the fund dipped into capital to maintain the payout. If rental income from underlying REITs weakens, a payout cut or even lower distribution could follow.
How do I make $1000 a month in dividends from Singapore REITs?
Calculating shares needed for $1000 monthly
- At a 5.31% forward yield, generating SGD 12,000 per year requires approximately SGD 226,000 invested in CLR.SI.
- Formula: desired annual income / dividend yield = capital needed. SGD 12,000 / 0.0531 ≈ SGD 226,000.
Steps to invest in Lion-Phillip S-REIT
- Open a brokerage account (e.g., POEMS, Tiger Brokers, Moomoo) that supports SGX stocks and ETFs.
- Deposit sufficient funds to buy at least 100 shares (board lot). Current price around SGD 0.38–0.40 (check live).
- Place a market or limit order for CLR.SI.
- Set a dividend reinvestment plan (DRP) if offered by your broker, or manually reinvest.
- Track ex-dates via SGX or your broker’s calendar.
Risks of relying on REIT dividends
- Yields are not guaranteed. The 25.6% capital component in early 2024 shows payouts can be partially funded from capital.
- Interest rate hikes can reduce REIT valuations and potentially lower dividends.
- Single ETF concentration: Lion-Phillip S-REIT is diversified but still correlated with the Singapore REIT market.
A Singapore investor aiming for SGD 1,000/month from this ETF alone would need a portfolio of roughly SGD 226,000. For most, combining this ETF with other income instruments (like SSB or CPF) may be more practical.
What are the best dividend ETFs in Singapore?
Lion-Phillip S-REIT vs other Singapore REIT ETFs
Two ETFs, one key difference: CLR.SI tracks S-REITs only, while Nikko AM’s ETF includes REITs and real estate companies.
| ETF | Ticker | Expense Ratio | Yield (approx) | Index |
|---|---|---|---|---|
| Lion-Phillip S-REIT | CLR.SI | 0.60% | 5.31% | iEdge S-REIT Index |
| Nikko AM REIT ETF | 5RE.SI | 0.60% | ~5.0% | FTSE EPRA Nareit Asia ex-Japan REITs |
Best dividend ETFs in Singapore 2026 (StashAway)
- According to Tiger Brokers and Moomoo, CLR.SI remains a top pick for REIT exposure due to its liquid and low-cost structure.
- Other dividend ETFs include the Straits Times Index ETF (ES3) with yields around 4%.
- For income-focused investors, the combination of CLR.SI and ES3 is a common two-fund portfolio.
Lion-Phillip S-REIT is not the highest-yielding ETF in Singapore, but it is the only pure-play S-REIT ETF with a track record since 2017. For investors who want effortless diversification into Singapore’s largest REITs, it is the default choice.
Timeline: Lion-Phillip S-REIT dividend history
- Jan–Jun 2024: Distribution period; 74.4% income, 25.6% capital component (Lion Global Investors PDF).
- 2025: Total dividend per share: SGD 0.045 (Growbeansprout).
- 28 Jan 2026: Ex-date for last dividend of SGD 0.02 (POEMS).
- 27 Feb 2026: Payment date for that distribution.
- Expected Jul 2026: Next ex-date (estimated from pattern and Stock Events).
- Expected Dec 2026: Next dividend announcement (semi-annual).
What’s confirmed and what’s unclear
Confirmed facts
- Last dividend per share: SGD 0.02 as of July 5, 2026 (POEMS ETF Screener).
- Forward dividend yield: 5.31% (Growbeansprout).
- 2025 dividend per share: SGD 0.045 (Growbeansprout).
- Distribution for H1 2024: 74.4% income, 25.6% capital (Lion Global Investors PDF).
What remains unclear
- Next exact ex-dividend date for H2 2026 not yet announced.
- Sustainability of dividend in 2027 and beyond, dependent on REIT market conditions.
- Possible dividend cut or capital reduction cannot be ruled out.
- Future yield may change with ETF price fluctuations.
Expert perspectives
The distribution for the period 1 January 2024 to 30 June 2024 comprised 74.4% distributable income and 25.6% capital component.
— Lion Global Investors (official fund manager factsheet)
Lion-Phillip S-REIT ETF is the first and largest Singapore REIT ETF, with assets under management of more than S$585 million as of 30 July 2025.
For a Singaporean retail investor weighing this ETF against direct REIT ownership, the trade-off is clear: pay a 0.60% annual fee for diversification and convenience, or spend time researching individual REITs for potentially higher net yield. Given the 5.31% forward yield and the ETF’s simple semi-annual payout, it works well as a core holding. But anyone counting on SGD 1,000 per month should model a realistic share count and be prepared for variability if the capital component reappears. For further reading, see our analysis on Geo Energy Share Price Target and HDB Flat for Sale Guide.
Investors tracking the dividend often also follow the underlying Lion-Phillip S-REIT ETF for a complete picture of the fund’s performance.
Frequently asked questions
What is the Lion-Phillip S-REIT dividend yield?
As of July 5, 2026, the forward dividend yield is 5.31% according to data from Digrin and supported by Growbeansprout. Other sources (Stock Events, DivvyDiary) report 3.74% to 5.43% depending on the price basis. The official Lion Global Investors’ Q4 2024 factsheet showed a net current yield of 5.35%.
Does Lion-Phillip S-REIT pay dividends monthly?
No. It pays semi-annually, typically in February and August each year. The distributions are declared after the end of each six-month period (Jan–Jun and Jul–Dec).
How is Lion-Phillip S-REIT dividend taxed in Singapore?
Singapore has no capital gains tax, and dividends from SGX-listed REITs and ETFs are not taxed at the individual level. However, a 10% withholding tax may apply to certain foreign-sourced income within the ETF. Consult a tax advisor for your personal situation.
Can I reinvest Lion-Phillip S-REIT dividends automatically?
Yes, some brokers (e.g., POEMS, Tiger Brokers) offer a dividend reinvestment plan (DRP) that uses your cash dividend to buy additional units. Check your broker’s policy.
What is the difference between Lion-Phillip S-REIT and a direct REIT investment?
The ETF holds a basket of 20+ Singapore REITs, providing instant diversification. Direct investment means buying individual REIT shares, which can yield higher payouts but carries single-stock risk and requires ongoing research.
Has Lion-Phillip S-REIT ever suspended its dividend?
No suspension has occurred. However, the H1 2024 distribution included a 25.6% capital component, indicating that cash flow from underlying REITs was not enough to cover the full payout. A cut is possible if market conditions deteriorate.
Where can I buy Lion-Phillip S-REIT shares?
It is listed on the Singapore Exchange under ticker CLR.SI. You can buy it through any SGX-compliant broker – POEMS, Tiger Brokers, Moomoo, DBS Vickers, Standard Chartered, etc. A board lot is 100 shares.
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