Shares & Derivatives
DBS soars to all-time high. Still worth buying at 6.1% dividend yield?
By Beansprout  •  May 3, 2024
DBS' share price reached an all-time high after its reported a record first quarter profit and raised its dividends. We find out if DBS is still worth considering for dividend investors. What happened? DBS’ share price has been scaling new heights. Its share price has climbed steadily to reach an all-time high of $36.00, after the company announced a record full year profit and an increase in dividends in 2023. I must highlight that this share price of $36.00 is after adjusting for its recent bonus issue. This would also make DBS the first Singapore-listed stock to exceed a market capitalisation of S$100 billion. Looking at its performance year-to-date, DBS has gained close to 20%, far exceeding the Straits Times Index’s gain of 2%. DBS has also performed better than UOB and OCBC so far this year. More recently, DBS reported a record high first quarter net profit of $2.96 billion, an increase of 15% compared to the previous year.  DBS also achieved another record high ROE of 19.4%....
Read the full article
By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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Your email address will not be published.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Your Email Address will not be published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