SUBSCRIBERS
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
Add BT as a preferred sourcePublished Mon, Apr 30, 2018 · 09:50 PM
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.
Copyright SPH Media. All rights reserved.
