4 Singapore Stocks Paying Out Dividends in April: DBS Group
DBS Group needs no introduction, being Singapore’s largest bank by market capitalisation.
The S$86.5 billion financial institution reported a sparkling set of earnings for 2022, with its net profit touching a new record high of S$8.2 billion.
In tandem with the strong numbers, the lender has upped its quarterly dividend from S$0.36 to S$0.42 and also announced a special dividend of S$0.50.
The bank does not expect interest rates to decline this year as inflation remains high.
These higher rates will continue to boost DBS’ net interest margin and net interest income.
The group is maintaining its guidance for mid-single-digit loan growth along with double-digit fee income growth as China’s reopening will help to benefit the region’s economies.
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snoopy123 : how come the one that doesnt need introduction gets the write-up whereas the other 3 (that we may not know much about) got no introduction leh...
BullnBearTradingOP snoopy123: I overlooked the reminder. You can click on the other three company names to see their introductions
snoopy123 BullnBearTradingOP: ah thanks... I thought those links were only for the stock codes..
BullnBearTradingOP snoopy123: My pleasure.