A Dividend Payout is like a thank you gift that a company gives to its shareholders. It’s a part of the company’s earnings that it shares with people who have invested their money in the company. This is done to keep the investors happy and to maintain a good relationship between the company and its investors.
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DBS, SIA, OCBC, UOB, SGX Dividend Payouts
Not all dividends are taxed. This means you can use the entire amount as you wish. The tax rates on dividends are divided into two groups, and whether or not they are taxed depends on how much profit the company makes. Some taxed dividends include those from foreign companies, profits shared by cooperative societies, dividends from property investments, and others. The dates when these dividends are paid out can vary.
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Specific Company Dividend Payouts
DBS Dividend Payout Date and Time 2024
DBS saw its shares surge by over 50% in the year’s final three months and recorded a profit of S$10.3 billion in the previous year, roughly 25% higher than earnings in 2022. The company has decided to grant extra shares to long-term investors and raised its dividend to S$0.54 per share for the last quarter of the year. Furthermore, DBS is confident about the prospects of its shares in the following year and expects to achieve equity of 15 to 17% in 2024, maintaining a solid capital base with a CET-1 ratio of 14.6%.
The dates when the dividends will be paid out for the next quarters are listed in the table below:
Description |
When it was Announced |
When it is Expected |
When it will be Paid |
How Much |
|---|---|---|---|---|
4Q Final Dividend |
7 Feb |
5 April |
19th April |
54 one tier |
3Q Dividend |
6 Nov |
14 Nov |
27th Nov |
48 one tier |
2Q Dividend |
3rd Aug |
11th Aug |
27th Aug |
48 one tier |
1Q Dividend |
2nd May |
9th May |
22nd May |
42 one tier |
SIA Dividend Payout Date and Time 2024
Singapore Airlines Limited has recently declared an uptick in its dividend disbursements. Shareholders will be granted a 50 Singapore cent increase in profits along with an extra bonus. Based on the preceding 12 months of trailing dividends, SIA provides a dividend yield of 5.84%.
The dividend rate had shown a decrease of 22.00% over the last few years but has now been raised to 50 Singapore cents in the final quarter, and this amount is anticipated to remain constant for the next 12 months. The most recent dividend payment was executed on 12th December 2023, and the first payment for this year was set to be distributed on 8th January 2024.
OCBC Dividend Payout Date and Time 2024
The Overseas Chinese Banking Corporation holds a significant position in the financial market. It has been a frontrunner in the investment sector for numerous years. The bank’s dividend rate has been consistently high since its inception, currently standing at 6.18 percent. The bank’s total assets, encompassing trustee services, global banking, financial banking, and others, amount to approximately $S151 billion.
UOB Dividend Payout Date and Time 2024
The United Overseas Bank has reported a profit rate of 20.90 USD. Recent data indicates that the bank distributed a dividend of $S1.19 in February 2024. The current stock price for this dividend is 5.69 percent. Additionally, the bank plans to increase the dividend every three years. Over the last decade, the bank has demonstrated a consistent pattern of raising the dividend by 9.61 percent annually.
SGX Dividend Payout Date and Time 2024
The Singapore Exchange dividend is paying the company with a 3.71 percent yield. The dividend per share’s average earning is S$0.53. The last quarter’s average was 4.1 percent. The company’s payout ratio is 63 percent.
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Mahesh Sen, a seasoned student advisor, writes informative articles on educational topics. Mahesh gives valuable insights and practical advice to guide students through their academic challenges and milestones.