United Overseas Bank Ltd (SGX: U11), or UOB for short, is one of Singapore’s three leading listed banks.
Here’s a deep-dive into UOB’s dividend yield, dividend history, and more importantly…
… its dividend sustainability to understand if the bank can continue paying rising dividends.
Source: Giphy
UOB Dividend Yield
UOB’s shares last traded at S$25.67 each on 21 September.
At that price, UOB’s trailing dividend yield was 3.9%.
In comparison, the SPDR STI ETF (SGX: ES3) had a lower distribution yield of 2.7% on the same day.
The SPDR STI ETF is an exchange-traded fund (ETF) that tracks the performance of Singapore’s stock market benchmark, the Straits Times Index (STI).
UOB is part of the STI and is its third-largest component at around 11%.
UOB Dividend Amount and Payout Periods
UOB paid out a total dividend of 78.0 Singapore cents per share for its financial year ended 31 December 2020....