The Business Times
business-time-50
SUBSCRIBERS

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

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    In 2025, the NTUC handled over 3,900 retrenchment and termination-related cases for professionals, managers and executives (PMEs), five per cent more than in 2024.

    More retrenched white-collar workers in Singapore seeking unions’ help

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    UOBKH's Alpha Picks portfolio outpaces the STI in May, returning 3.3% on a price-weighted basis, compared to the index's 2.5% gain.

    DBS Research and UOBKH eye Singtel, Venture as top picks for June

    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