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Please, sir, I want some more dividends

In response to shareholders' request for higher payout, OCBC chairman explains that bank does not have excess capital and that payout must be sustainable and predictable

Published Mon, Apr 30, 2018 · 09:50 PM

OCBC

Singapore

SOME disgruntled shareholders at OCBC Bank's annual general meeting on Monday bemoaned that their FY17 proposed dividend payout was a far cry from that of its local rivals, DBS Group Holdings and United Overseas Bank (UOB), both of whom issued special dividends for 2017.

One shareholder suggested that a special dividend be distributed to celebrate OCBC's 85th anniversary last year.