Personal Finance
DBS, OCBC and UOB: Let’s Check Out Their Dividends
By Seedly  •  March 27, 2020

DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11) are three major listed banks in Singapore. 

The trio of banks is popular among dividend investors here due to their stability in earnings and relatively high dividend yields. 

Previously, we compared the financial performance of the three local banks and also their valuations

Right now, let’s inspect the banks on the dividend front. 

TL;DR: Analysing the Dividends of DBS, OCBC and UOB

From 2015 to 2019, DBS’ earnings have grown the fastest among the three banks (at a compound annual growth rate (CAGR) of 8.6%). During the same time frame, its dividend has climbed at a faster rate at 19.7%. This is explained by an increase in dividend payout ratio. In 2019, its payout ratio stood at 0.50, up from 0.35 in 2015. Similar trend seen from OCBC and UOB....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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