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DBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan

DBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan

By Swedan Margen

Fashion

SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion.

As at 9.02 am, the counter climbed 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 from its closing price of S$44.68 on Friday, after 1.3 million shares were moved.

It later eased to trade at S$46.03 as at 9.20 am, up 3 per cent or S$1.35, and was the top-traded counter by value of the morning with 2.7 million securities worth S$122.5 million transacted.

This also marks the first time the bank’s share price has breached the S$46 mark, after crossing the S$45 mark on Jan 8.

Shares of DBS’ peers rose as well, with UOB up 1.6 per cent or S$0.58 at S$37.96, and OCBC gaining 1.3 per cent or S$0.22 to trade at S$17.55 as at 9.20 am.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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