DBS Announces Special Dividend, Lifts Dividend Payout on Regulatory Certainty; 4Q Result in Line
With the Basel Committee finalizing postcrisis reforms at the end of last year and minimal impact expected on narrow-moat-rated DBS Group's strong capital position, the bank announced a special dividend of SGD 0.50 at its in-line fourth-quarter result. The final dividend was also increased to SGD 0.60 from SGD 0.30 for the same period last year. This takes the full-year ordinary dividend to SGD 0.93, compared with SGD 0.60 last year, and represents a payout ratio of 55%. The higher payout is exp...
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