The DBS Dividend Payout Date for 2024 is a hot topic for investors and shareholders. The final quarter dividend has seen a significant increase of 53 percent, with a notable payout date on the 19th of April.
DBS announced a final quarter dividend of S$0.54 per share, marking an increase from the third quarter’s S$0.48 per share. This move reflects the company’s strong financial performance and its confidence in future growth, with an equity return expected between 15 to 17 percent in 2024.
Summary of DBS Dividend Payout Date 2024
| Aspect | Details |
|---|---|
| Final Quarter Dividend | S$0.54 per share |
| Previous Fiscal Year Profit | S$10.3 billion |
| Equity Return Forecast | 15 to 17 percent in 2024 |
| CET-1 Ratio | 14.6 percent |
| Dividend Increase Reason | Strong return of equity of 18 percent in 2023 |
| 3Q Dividend | S$0.48 per share |
| 2Q Dividend | S$0.48 per share |
| 1Q Dividend | S$0.42 per share |
DBS has demonstrated its commitment to rewarding its shareholders by increasing its dividend payout. The company’s profits in the previous fiscal year amounted to S$10.3 billion, a 26 percent increase compared to 2022.
DBS’s Financial Strength
DBS’s financial reports highlight a robust performance, with a CET-1 ratio of 14.6 percent. This solid capital base supports the bank’s dividend strategy, aiming for a return of equity between 15 to 17 percent in 2024.
The increase in dividend share to S$0.54 for the fourth quarter reflects the bank’s confidence. DBS’s strong return of equity, reaching 18 percent in 2023, underpins this decision.
Dividend Payout Dates
The payout dates for DBS dividends are meticulously planned. The final quarter’s payout is set for the 19th of April, following the announcement on the 7th of February.
DBS has structured its dividend payouts across the year, with each quarter seeing a specific amount distributed to shareholders. This structured approach benefits investors by providing clear expectations for their investment returns.
The decision to increase the dividend payout is a positive sign for shareholders. It not only reflects the bank’s strong financial health but also its commitment to sharing success with its investors.
Shareholders who have been with the company for more than ten years will receive bonus shares. This gesture reinforces the value DBS places on long-term investment and loyalty.
DBS’s Market Confidence
DBS’s strategic moves, including the dividend increase and bonus shares, signal confidence in its market position. With a forecasted equity return of 15 to 17 percent in 2024, the bank is poised for continued growth.
The bank’s robust financial performance and strategic dividend payouts highlight its strength in the market. Investors and shareholders can look forward to a promising future with DBS.
Conclusion
The DBS Dividend Payout Date 2024 marks a significant moment for shareholders, reflecting the bank’s strong financial performance and confidence in its future growth. With increased dividends and a solid strategic approach, DBS continues to stand out as a leading financial institution in Singapore.
Frequently Asked Questions
What is the final quarter dividend for DBS in 2024?
The final quarter dividend for DBS in 2024 is S$0.54 per share.
Why did DBS increase its dividend payout?
DBS increased its dividend payout due to a strong return of equity of 18 percent in 2023 and its solid financial performance.
What is the CET-1 ratio of DBS?
The CET-1 ratio of DBS is 14.6 percent.
When is the DBS dividend payout date for the final quarter of 2024?
The DBS dividend payout date for the final quarter of 2024 is on the 19th of April.
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