Some insights about UOB ’s historical financial performance, along with its dividend payouts to shareholders over the years and many more. This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 797 followers. Why Did I Add UOB (SGX:U11) to My Long-Term Investment Portfolio
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