Oversea-Chinese Banking Corp Limited (SGX: O39) is another popular dividend stock among Singapore investors.
Right now, let’s look into the Singapore bank’s dividend yield, dividend history, and more importantly…
… its dividend sustainability to understand if OCBC can continue dishing out increasing dividends.
Source: Giphy
OCBC Dividend Yield
The OCBC share price closed at S$11.61 apiece on 1 September.
At that stock price, the bank’s trailing dividend yield was 3.5%.
To put things into perspective, the SPDR STI ETF (SGX: ES3) had a lower distribution yield of around 2.7% on the same day.
The SPDR STI ETF is an exchange-traded fund (ETF) that replicates the performance of Singapore’s Straits Times Index (STI).
OCBC is part of the STI and is its second-largest component at around 14%.
OCBC Dividend Amount and Payout Periods
For its financial year ended 31 December 2020, OCBC dished out a total dividend of 31.8 Singapore cents per share....