Singapore's major banks, including DBS (SGX:D05) and Oversea-Chinese Banking (SGX:O39) are likely to continue paying big dividends despite potential impacts from the US tariffs, Singapore Business Review reported Wednesday, citing brokerage firm UOB Kay Hian.
DBS is likely to maintain a dividend of SG$0.0060 per share in Q4 while OCBC will maintain a dividend of SG$1 in 2025, the report said.
However, increased economic stress due to the intensive nature of the trade wars could force the two banks to revise their forecasts, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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