UOB's shares briefly hit a record high after the bank reported record net profit for 2024, and announced a special dividend for FY25. UOB 4Q24 earnings highlights UOB Group announced its earnings for the fourth quarter of 2024. Key highlights include:

• Net profit reached record S$6.0 billion in FY24, up 6% year-on-year
• Total FY24 dividend of S$1.80 per share (50% payout ratio), plus special dividend of 50 cents per share in FY25 to mark 90th anniversary
• Announced S$3 billion capital return package including S$0.8 billion special dividend (50 cents/share) and S$2 billion share buyback program

Source: UOB UOB Group has reported a record net profit of S$6.0 billion for the financial year 2024.  This represents a 6% increase compared to the previous year. This growth was largely driven by increased income from fees and solid performance in trading and investment activities. Net Interest Income rose slightly to S$2.45 billion in 4Q24, with steady loan growth balancing out the impact of lower net interest margin....