United Overseas Bank Ltd (SGX: U11), or UOB, is on a roll. The bank had just reported a stellar set of earnings for 2022, with net profit scaling a new all-time high at S$4.6 billion, up 12% year on year. The stronger performance came about because of a surge in interest rates that propelled the lender’s net interest margin (NIM) and net interest income (NII) significantly higher. In line with the good results, UOB declared a final dividend of S$0.75, taking its 2022 dividend to S$1.35. Income-seeking investors are looking forward to a further dividend increase if the bank continues to do well. With UOB riding on the wave of higher interest rates, the big question is whether the bank can raise its dividend for 2023. We dig deeper to find out. Sustained tailwinds The US Federal Reserve’s fight against surging inflation is far from over. Earlier this month, the central bank’s chairman...