DBS Dividend Payout Date 2024

DBS

Development Bank of Singapore Limited, known as DBS, operates in key financial markets in Asia and Europe like the UAE, Korea, Japan, China, Indonesia, Vietnam, India, the United Kingdom, and Australia.

The company has consistently earned the Safest Banker Award for more than a decade. The company has multiple segments like SME and corporate banking, personal, and wealth. The company has embraced the digital model with the slogan Live more, bank less since 2018. 

DBS Dividend Payout Date 2024

The Development Bank of Singapore Limited, known as DBS, has been consistent with its shareholders and investors by divulging the dividends on time both via the Singapore Exchange (SGX) and the DBS website, which is May 20th, 2024.

For this current quarter, which is Q1, the dividend was announced on May 2 by the board of directors, in which an interim one-tier tax-exempt 54 cents of the ordinary shares was announced, and the overall amount payable for this interim quarter is $1,536 million.

And the payment date is May 20th, 2024. To determine the dividend-eligible persons, they are determined based on the cut-off date of May 10th to May 13th. And the ex-dividend is on May 9, 2024. Here are the details of the dividend for the previous quarter. 

In this dividend, the DBSH Scrip Dividend Scheme is not part of this interim dividend share. 

DBS Q1 Results 2024

The company released its Q1 2024 results with a 15% net profit amounting to 2.96 billion Singapore dollars. The company's interest margin is 2.14% and remains stable; the return on equity reached 19% growth.

According to the company CEO, Piyush Gupta, in his comments to the board of directors meeting, “The company had strong earnings at the start of the year with loan momentum, and a share of the income from the fees and treasury customer sales had all been positive, despite the heightened geopolitical tensions.

The company is optimistic about delivering strong shareholder returns,” the statement read. Below are the Q1 financial data for DBS with key metrics.  

Notes:

• CASA: Current Account Savings Account
• Constant-Currency Terms: Adjusted to remove the effects of currency fluctuations
• Non-Recurring Items: One-time expenses or income not expected to recur regularly.

DBS Share Price 

The DBS Share Price on May 20th ending price is 35.80 Singapore dollars. The company morning rate is 35.70 and the lowest price on that day is 35.63 Singapore dollars. 

The share price of the company has been fluctuating within the midrange of 30 SGD for the past year, and for the past month, the share price has hovered above 35 SGD. 

What is the Rationale Behind the Dividend Being Given to Shareholders?  

The big corporations pay dividends based on their quarterly and year-end earnings. The model is based on a limited liability corporation (LLC), which is to shield the owners of the firm being pursued based on the firm's liabilities and debts.

And firms pay dividends to the members of the board and shareholders in types like residual, stable, and hybrid. But in recent times, this dividend model has been criticized as its return can sometimes be lower than interest bonds, where capital-rich investors can earn more.

But the rationale was that some sort of accountability needs to be in place for this LLC, otherwise we will have shell companies or paper firms with zero value generation for the society they conduct in. As of now, the limited liability model is working in our neo-liberal setup.