With my investment in UOB (SGX:U11) on 06 March 2020 at my intended entry price of S$23.26 (based on this entry price, and a dividend payout of S$1.30/share in FY2019, my dividend yield is 5.6%), I now have all 3 Singapore banks, plus another financial institution in Hong Leong Finance (SGX:S41) in my long-term investment portfolio.
In my post today, I would like to share with you reasons why I’ve invested in the bank…
Brief Introduction to United Overseas Bank
Before I talk about the bank’s historical financial performance, along with its dividend
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