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Feb 28, 2024 · With full-year earnings hitting an all-time high of S$7 billion, OCBC raised its 2023 dividend by 21% and said it’ll maintain a 50% target for its dividend payout ratio. The guidance for this year’s number is “slightly disappointing” given a continued capital buildup, said Goldman Sachs Group Inc. analysts led by Melissa Kuang. OCBC’s ...
The Oversea-Chinese Banking Corporation Limited Scrip Dividend Scheme, which was approved by the Shareholders of the Bank at the Extraordinary General Meeting on 8 June 1996, will not be applicable to the final dividend. Peter Yeoh Secretary Singapore, 28 February 2024 More details on the results are available on the Bank’s website at www ...
Aug 31, 2020 · Have us contact you. 1800 773 6437. (1800 PREMIER) or. Find a Premier Banking Centre. "OCBC Premier Banking offers tailored solutions to maximise your wealth. Get in touch today.
May 15, 2024 · Source: Banks’ Earnings Reports. When it comes to valuation, DBS is the most expensive bank of the three with a price-to-book (P/B) ratio of 1.64 times. UOB and OCBC are both valued at 1.13 times and 1.16 times P/B, respectively, making them much more affordable compared to Singapore’s largest bank. Winner: UOB.
The Board has recommended a final dividend of 40 cents per share, which brings the full year 2022 dividend to 68 cents, a 28% increase from the previous year's 53 cents. Barring unforeseen circumstances, we aim to deliver a dividend payout ratio of 50%. Full year 2022 payout ratio is at 53% against net profit, which exceeds 49% a year ago.
Revision of OCBC Premier Private Client Fees and Charges guide from 1 April 2024. From 1 April 2024, we will charge US$1 for each USD cheque issued. This fee will be waived for account holders aged 60 years old and above until 31 December 2025. From 1 April 2024, a S$10 fee will be applicable from the second Cashier’s Order issued for the ...
Aug 4, 2023 · Singapore’s second-largest bank posted an outstanding set of earnings while raising its interim dividend. The post OCBC Chalks Up a Record Net Profit and Boosts Interim Dividend by 43%: 5 Highlights from the Bank’s Latest Results appeared first on The Smart Investor.
