Here are 3 local bank stocks that pay you good dividends. They are DBS (SGX:D05), UOB (SGX:U11) and OCBC Bank (SGX:O39). Out of the 3 Singapore local banks, I currently held OCBC Bank in my stock portfolio. DBS, UOB and OCBC Bank are paying out their dividends in the month of May. How much dividend are these 3 banks paying in 2023? What is the current dividend yield of each bank? Last, which bank has the highest current dividend yield? Let us take a look below.

DBS (SGX:D05)

DBS dividend payout date is on 22nd May 2023. The Ex-Dividend date is on 9th May 2023. This is DBS Q1 interim dividend of S$0.42. In FY22, DBS paid a total dividend of S$2. This includes a special dividend of S$0.50 paid in April 2023. Based on the current share price of S$30.66 and FY22 full year dividend of S$2, this translate to a current dividend yield of 6.52%. If we exclude the special dividend, the current  ...