It’s now Oversea-Chinese Banking Corp Limited‘s (SGX: O39) (OCBC) turn to announce the price of new shares for its scrip dividend after DBS Group Holdings Ltd (SGX: D05) did so earlier. OCBC declared an interim dividend of S$0.159 per share for its 2020 second-quarter, and investors can choose to receive it in cash or via scrip (in the form of shares). Right here, let’s look at what investors should know about the latest OCBC scrip dividend scheme. TL;DR: Details About OCBC Scrip Dividend Scheme for the 2020 Second-Quarter Here are some highlights of what’s covered:

• OCBC is allowing investors to receive the 2020 second-quarter interim dividend in the form of shares
• Each new share will be issued at S$7.81, a 10% discount to the average of the volume-weighted average prices of OCBC shares on 21 August 2020 and 24 August 2020
• At the time of writing, OCBC shares are selling at S$8.66 apiece

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