The Business Times
business-time-50

Singapore banks’ dividends leave market mixed despite resilient Q4; outlook for 2024 remains stable

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Mon, Mar 4, 2024 · 05:00 AM
    • Amid expectations of higher dividend yields, the dividends that each lender has proposed respectively have left market reactions mixed.
    • Amid expectations of higher dividend yields, the dividends that each lender has proposed respectively have left market reactions mixed. PHOTO: BT FILE

    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.

    Singapore banksDBSOCBCUOBFinancial results

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More