OCBC DIVIDEND ❤️
Total income rose 30 per cent year on year to S$3.5 billion from S$2.7 billion, with net interest income for the quarter up 40 per cent on the year to S$2.4 billion as opposed to S$1.7 billion previously.
The bank said this was underpinned by asset growth and higher net interest margin, which registered a 55 basis point increase to 2.26 per cent on the back of higher market interest rates.
Non-interest income grew 11 per cent to S$1.1 billion, mainly from net gains from the sale of investment securities and higher profit from insurance, partly offset by lower fee and trading income.
The bank’s non-performing loans ratio stood at 1.1 per cent, down from 1.3 per cent the previous year.
Means this year total dividend 0.80 as of today price, yield about 6% which is good in my personal opinion. It's one of my favourite blue chips 😍
Not investment advice, i am a low risk investor, from it's dividend i will use to buy US expensive stocks like $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ when there is pull back.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
To the ozone! Charged!!!!
Come on bank stocks! They need more motivation
Cheer up SG stock market!!