- Noteworthy was the unveiling of its capital management plan, where UOB intends to return S$3bn in excess capital to shareholders over 3 years, starting with a capital distribution special dividend of S$0.25 on top of its final dividend.
- - Read this at SGinvestors.io -
UOB's 4Q24 results broadly in line.
- See UOB's earnings announcements dated 19 Feb - 4Q24 results are in line, and it is largely maintaining its 2025 guidance.
- - Read this at SGinvestors.io -
- FY24 core ROE was 13.7% (FY23: 14.2%) while the fully phased-in CET-1 ratio under Basel III reforms ticked up to 15.4% (3Q24: 15.2%).
- A final dividend of S$0.92 (4Q23: S$0.85) was declared, together with a capital distribution special dividend of S$0.50 per UOB share – to be paid over two tranches (in May and August, see UOB's dividend payout dates).
- Total FY24 dividend and payout ratio (inclusive of special dividend) was S$2.05 (FY23: S$1.70) and 56.7% (FY23: 49.5%).
Results highlights.
- Read more at SGinvestors.io.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2025-02-20
Previous report by RHB:
2024-11-20 United Overseas Bank - Time To Shine; Upgrade To BUY.
Price targets by 4 other brokers at UOB Target Prices.
Listing of research reports at UOB Analyst Reports.
Relevant links:
UOB Share Price History,
UOB Announcements,
UOB Dividend Payout Dates & Corporate Actions,
UOB News
