Dividend
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Fed impact on Singapore banks already priced in; dividend yields remain attractive: analysts
They add, however, that the cuts to come would have a negative effect on net interest margins THE US Federal Reserve’s move to cut interest rates by 50 basis points…
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Microsoft announces US$60 billion buyback, raises dividend 10%
MICROSOFT unveiled a new US$60 billion stock-buyback programme, matching its largest-ever repurchase authorisation, and raised its quarterly dividend 10 per cent. The software company said shareholders as at Nov 21…
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China’s mega banks deliver on dividend pressure as profits fall
CHINA’S biggest lenders heeded calls from regulators to boost dividends and support markets even as earnings are under pressure from falling interest rates. The world’s largest lender by assets,…
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Vedanta to pay US$932 million in dividend to help parent cut debt
Indian tycoon Anil Agarwal’s Vedanta approved a third tranche of dividend payout, its latest effort to improve the financial position of its indebted London-based mining parent. The Mumbai-based miner will…
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Australia’s Fortescue beats dividend payout view, shares rise
AUSTRALIA’S Fortescue reported a rise in annual profit on Wednesday (Aug 28), boosted by higher iron ore shipments from its Iron Bridge project, and announced a larger-than-expected final dividend, sending…
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SGX H2 profit up 10.5% to S$316.3 million; proposes Q4 dividend of S$0.09 per share
THE Singapore Exchange’s (SGX) net profit for the second half ended June 2024 rose 10.5 per cent to S$316.3 million, from S$286.3 million a year prior. Earnings per share (EPS)…
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DBS Q2 profit rises 6% to S$2.79 billion; declares S$0.54 per share dividend
DBS net profit for its second quarter rose amid a broad-based growth in total income, it said on Wednesday (Aug 7). Net profit for the three months ended June 30,…
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Great Eastern Q2 earnings up 45% at S$280.4 million; declares interim dividend of S$0.45 per share
INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million in…
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United Overseas Insurance declares S$0.085 dividend on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half of…
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United Overseas Insurance declares S$0.085 dividend per share on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half of…
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Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contracts RHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from…
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Hong Kong dollar rally seen peaking in July after dividend boost
THE Hong Kong dollar’s gains against the greenback are expected to peak this month, after getting a boost from hefty dividend payments from firms listed on the city’s stock exchange.…
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Chanel’s record dividend brings owners’ windfall to US$12 billion
THE billionaire family behind Chanel will have pocketed US$12.4 billion in payouts from the luxury brand’s earnings over the past three years, contributing to a massive increase in their personal…
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Ley Choon Group H2 profit rises to S$5.5 million, declares first dividend since 2014
ROAD works construction company Ley Choon Group : Q0X 0% on Monday (May 27) reported a net profit from continuing operations of S$5.5 million for the second half ended Mar…
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Brokers’ take: Analysts raise Singtel target on upbeat dividend, growth outlook
ANALYSTS have raised their target prices on Singtel after it put out guidance for higher dividends as a result of asset-recycling initiatives. There is also optimism over the telco’s growth…
