Singapore banks’ dividends leave market mixed despite resilient Q4; outlook for 2024 remains stable
Add BT as a preferred source
Tan Nai Lun
SINGAPORE banks wrapped up 2023 with another set of resilient earnings, with results for the fourth quarter largely in line with estimates.
But amid expectations of higher dividend yields, the dividends that each lender has proposed respectively have left market reactions mixed.
Shares of DBS rose after it proposed to raise its final dividend to 54 Singapore cents per share for Q4, and issue one bonus share for every existing 10 ordinary shares held.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
