DBS Group - OCBC Investment 2024-03-20: Share Price Outperformance

DBS Group - Share Price Outperformance

DBS (SGX:D05) | SGinvestors.ioDBS (SGX:D05)
  • With the benchmark Straits Times Index (STI) down 1.9% so far this year and the FTSE ST All-Share Financials Index (FSTFN) posting a modest gain of 2.9%, DBS's share price has outperformed its peers and the general market with a gain of 4.7% year-to-date.
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Attractive for the dividend seekers

  • Together with the FY23 results, DBS announced a 1-for-10 bonus issue and a final 4Q23 dividend per share (DPS) of S$0.54, making a full year dividend payout of S$1.92 for FY23. This is a S$0.42 or 28% increase in dividend from S$1.50 in FY22 (excluding special dividends). See DBS's dividend history.
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Some key dates of DBS

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Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.

Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2024-03-20

Read also OCBC's most recent report:
2024-05-06 DBS Group - Record 1Q24 Results & Share Price Outperformance.

Previous report by OCBC:
2024-04-22 DBS Group - A Good Yield Stock.

Price targets by 4 other brokers at DBS Target Prices.

Listing of research reports at DBS Analyst Reports.

Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividends & Corporate Actions,
DBS News Articles


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