Read? Local banks should cap FY2020 dividends, offer shareholders alternatives to conserve capital: MAS

The central bank in its release called on locally-incorporated banks headquartered in Singapore to cap their total dividends per share (DPS) for FY2020 at 60 per cent of FY2019’s DPS, which it said balances the objective of capital conservation with the interests of shareholders.

“We have carefully calibrated the restriction on dividends, taking into account the needs of investors who may rely on this income.”

Retirees kena f… by MAS! Cham liao!