scrip div sch sgd 0.18 one-tier tax: 2015: 4.11%: sgd 0.36: sgd0.18 2015-08-12: 2015-09-29 … At the end of the day, there is no absolute advantage or disadvantage to either the bank or to the shareholders. Singapore Share Investors | SGX Stock Analysis | Analyst Research Reports | Singapore Investment Blogs | Singapore Stock Market News | SGX Stock Picks | SGX Share Price | SGX Stock Forum | Singapore Stock Recommendation | SGX Stock Recommendation It is more like a question of choice. The interim dividend payout will amount to approximately S$1.08 billion, representing 44% of the Group’s 1H19 net profit after tax. – The above points are based on the writer’s opinion. securities. And is scrip dividend good or bad for shareholders? The payout represents half of the maximum 31.8 cents dividend per share that can be paid out in 2020, representing 60 per cent of 2019’s 53 cents per share.

Apart from its subsidiary, Great Eastern’s disappointing results, I would say that OCBC did well for FY 2018. All investments carry risks. The scrip dividend scheme will be applicable to the interim dividend, with the issue price of the shares set at a 10 per cent discount. dividend: 2017-05-22: 2017-05-24: sgd 0.18 one-tier tax: dividend: 2016-08-03: … Scrip Dividend Scheme - Issue Price History. You will need to make your own independent judgment regarding the analysis. To me, there is no absolute advantage or disadvantage in having scrip dividends. The brokerage and administrative fees are comparative small in terms of costs as they can be easily offset if we purchase the bank stock at prices lower than the stock’s conversion price.

This is the 12The question to many investors is – what is the purpose of the bank distributing scrip dividend? Along with the other banks, OCBC has recently announced the FY 2018 results.

The Chairman said that shareholders who opted for scrip dividend would not be diluted.

2019-02-22 07:02:51 Scrip Election/ Distribution/ DRP Financial Statements and Related Announcement::Full Yearly Results 2019-02-22 07:00:05 Financial Statements securities. After all, one can create a quasi-scrip dividend exercise by using the cash dividend to buy the bank’s shares in the open market. OCBC's 2Q20 net profit of S$730m (-42% y-o-y/+5% q-o-q) below expectations. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. That said, it is still good to discuss about the characteristics of scrip dividend from the bank’s perspective as well as from shareholder’s perspective. Dividend & financial year: Announcement date: Ex-dividend date: Payment date: Amount (cents per share) Final 2019: 21 Feb 20: 22 May 20: 05 Jun 20: 28.0: Interim 2019 1/: 02 Aug 19 The question to many investors is – what is the purpose of the bank distributing scrip dividend? Support us and give our facebook page a 'like' or 'share' if you like the articles here! OCBC - DBS Research 2020-08-07: Surprise Discount On Scrip Dividend. The financial advantage of scrip dividend is not exactly apparent. Continues to write provisions totalling S$750m (1Q20: S$657m). OCBC Group; Close . As mentioned earlier, Disclaimer It depends on what the bank’s objective and what we wanted as a shareholder. Declared dividend per share of 15.9 Scts (2Q20: 25 Scts) representing ~49% dividend payout ratio; scrip dividend with 10% discount. They do not serve as an A Member asked whether the application of Scrip Dividend Scheme would lead to a dilution of OCBC Bank shares. Source of the report is credited at the end of article whenever reference is made. To incentivise the acceptance of scrip dividend, OCBC is offering a 10% discount on the final weighted average price from 3 May to 6 May 2019 (inclusive). And is scrip dividend good or bad for shareholders? An interim dividend of 25 cents per share has been declared for the first half of 2019, 25% or 5 cents higher than the 20 cents interim dividend declared a year ago. To me, there is no absolute advantage or disadvantage in having scrip dividends. Along with the reasonably good results, OCBC is offering a dividend of 23 cents per share for H2 FY2018, representingOver the years, OCBC appeared to have a greater propensity to pay out scrip dividend compare to the other two banks.

advice or recommendation for readers to buy into or sell out of the mentioned However, given the enlarged shareholding base following scrip dividend, earnings per share would be lower on an absolute basis. Everyone should do his homework before he buys or sells any The net profit improved 11% from S$4.05b to $4.49b.