Shares & Derivatives
Oversea-Chinese Banking Corp Limited’s (SGX: O39) Dividends: Everything You Should Know
By Seedly  •  September 2, 2021
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....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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