News

Staff Reporter

, Singapore

Published:

8 months ago

12478 views

Marina Financial Bay Centre. Photo by Uwe Aranas via Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Singapore_Marina-Bay-Panorama-04.jpg

DBS proposes bonus share issue for shareholders

The bank plans to give one bonus share for every 10 ordinary shared held.

DBS’ board has proposed a bonus issue for its current shareholders.

In its latest financial report, DBS proposed giving one bonus share to shareholders for every 10 ordinary shares they hold.

The bonus shares will qualify for dividends starting the Q1 2024 interim dividend. DBS expects it to “increase the pace of capital returns to shareholders.”

DBS expects that the annualised ordinary dividend will be S$2.16 per share over the enlarged share base, a 24% increase from 2023.

Meanwhile, based on the closing share price on 6 February 2024, the post-bonus annualised dividend yield would be 7.5%, the bank added.

The stepped-up capital returns reflect the Group’s strong capital position and are in line with the policy of paying sustainable dividends that rise progressively with earnings.

Follow the link for more news on

DBS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit