$DBS GROUP HOLDINGS LTD(D05.SI)$Good news! Got Dividend of 36 cents! Annualised dividend will rise to $1.44 per share!
DBS Q4 2021 Net profit rose 37% in quarterly profit. But it missed analyst estimates, Result S$1.389 billion compares with an average estimate of S$1.47 billion from four analysts polled by Refinitiv.
DBS has declared a dividend of 36 cents a share for the fourth quarter, up from 33 cents in the third quarter
It also completed its 5.29 billion yuan (S$1.1 billion) acquisition of a 13 per cent stake in privately owned Shenzhen Rural Commercial Bank in October.
It completed its takeover of Lakshmi Vilas Bank in India in November 2020, adding 550 branches and more than 900 ATMs to its network in the country.
DBS' results on Monday kick off earnings season for local lenders. $UNITED OVERSEAS BANK LIMITED(U11.SI)$ is expected to report its earnings on Feb 16, Wednesday, and $OVERSEA-CHINESE BANKING CORP(O39.SI)$on Feb 23.
Comments