- DBS announced another year of record profits for FY24 and raised ordinary dividend per share (DPS) from S$0.54 to S$0.60 per quarter and with a capital return of S$0.15 per quarter, giving a total of S$3.00 DPS in FY25.
FY24 results came in within our expectations.
- - Read this at SGinvestors.io -
- 4Q24 performance was healthy with total income up 10% y-o-y (YoY). Loan growth was led by non-trade corporate loans and aided by lower deposit costs from rate cuts and current account savings account (CASA) inflows.
A happy day for dividend seekers.
- DBS has declared a final 4Q dividend of 60 cents, higher than the first three 2024 quarters of 54 cents per quarter.
- - Read this at SGinvestors.io -
- Based on 7 Feb 2025 DBS's share price of S$44.68, this works out to a dividend yield of 5.0%.
Additional 15 cents per quarter in FY25.
- Read more at SGinvestors.io.
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/ 2025-02-10
Previous report by OCBC:
2024-12-16 DBS Group - Share Buybacks, With More To Go….
Price targets by 2 other brokers at DBS Target Prices.
Listing of research reports at DBS Analyst Reports.
Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividend Payout Dates & Corporate Actions,
DBS News
