Shares & Derivatives
DBS Group Declares a S$0.50 Special Dividend: 5 Highlights from the Bank’s Blockbuster Earnings
By The Smart Investor  •  February 14, 2023
Many investors are eagerly awaiting the release of full-year 2022 (FY2022) earnings from Singapore’s three major banks. DBS Group (SGX: D05) is the first of the trio to report its earnings. The blue-chip lender did not disappoint as it announced a blowout set of financial numbers in line with the higher interest rate environment. The bank’s total income crossed the S$16 billion mark for the first time while its net profit chalked up a new record-high of S$8.2 billion. In line with the strong results, DBS also declared a special dividend of S$0.50. The previous time the bank declared a special dividend was back in FY2017. Also, for the first time, DBS split up the group’s results into “Commercial Book” and “Treasury Markets” to better reflect customer performance trends. Here are some highlights from the lender’s latest set of earnings....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance