Markit sees higher dividends from S'pore banks

Singapore

SHAREHOLDERS of the three local banks could be in for a treat, as they may pay more dividends this year, starting at next week's Q2 results, says financial data provider Markit.

DBS Group Holdings could pay an interim dividend of 30 cents per share next week when it announces its second-quarter results, up 7.1 per cent from the payout of 28 cents last year, said Markit. Together with a forecast unchanged final dividend of 30 cents, this would lift the yield for DBS to 2.8 per cent, said Markit.