For the fourth quarter, net profit reached a new quarterly record of SGD 1.22 billion, up 33% from a year ago. Total income rose 10% to SGD 3.06 billion, staying above the SGD 3 billion mark for the second consecutive quarter, as net interest income rose 15% to cross the SGD 2 billion mark for the first time. Total allowances halved. The recent finalisation of Basel capital reforms has provided clarity on future regulatory requirements. They have a benign impact on DBS, enabling its capital requirements to be rationalised. In view of this, the Board suspended the scrip dividend with immediate effect. It also determined that ordinary dividends can be sustained at higher levels and affirmed the policy of increasing them over time in line with earnings growth. For the final dividend of 2017, it proposed a payout of 60 cents per share, which will bring the full-year ordinary dividend to 93 cents per share, an increase of 55% over the previous year. In addition, it proposed a special dividend of 50 cents per share as a one-time return of the capital buffers that had been built up and to mark the fiftieth anniversary of DBS. CW8888: $0.93 full year dividend. Shiok for blue chip like bank! 1. Average yield over 15 years for this freehold blue chip is about 9%. Comparable to 90% dividend payout S-REIT! 2. ROC on dividends only is 135% or 2 bagger in the pocket!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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