Local banks likely to raise interim payouts: Markit
Over the years they have paid stable but incremental dividends
ALL three local banks, DBS Group Holdings, United Overseas Bank and OCBC Bank, are likely to increase their interim dividends, said Markit yesterday.
The financial-services data firm said that it was forecasting dividend per share of S$0.30 for DBS, representing a 7.1 per cent growth over the year, but flat from its 2013 year-end payout; for UOB, dividend per share would be S$0.25, up 25 per cent from a year ago, while for OCBC, the forecast is for it to make a one Singapore cent step up to S$0.18.
The banks have paid relatively stable but incremental dividends over the years, Markit noted in its dividend-week-ahead report.
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