Could DBS Group raise its dividends?

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The DBS ($SGX:D05) Group is a leading financial services conglomerate in Asia with a wide range of businesses including banking, insurance, asset management, and securities brokerage. The company has been growing rapidly in recent years and is now one of the largest banks in Asia by assets. Given its strong financial performance and growing presence in Asia, there is a possibility that DBS could raise its dividends in the future. The company has a strong track record of profitability and has been paying out dividends regularly for many years.

However, it is worth noting that DBS has a relatively high dividend payout ratio, meaning that it may not have much room to increase its dividends without reducing its earnings.

Dividends

As of June 30, DBS GROUP issued dividend per share of 1.38 SGD for FY2022 Q2, compared to dividends of 1.02 SGD and 1.02 SGD issued last two years. Its dividend yields from 2020 to 2022 are 4.87%, 3.36%, 4.2%, and three-year average dividend yield of 4.14%. If you are looking for dividend stocks, DBS GROUP might be worth considering.

Market Price

Yes, DBS Group could raise its dividends in the future. The sentiment around the company has been mostly positive, and its stock price has been rising steadily. On Wednesday, DBS Group stock opened at SG$32.6 and closed at SG$32.8, up by 1.1% from the previous closing price of 32.5. This shows that investors are confident in the company and are willing to buy its stock at a higher price.

VI Analysis

DBS Group is a Singaporean bank that offers a wide range of financial services, including retail banking, corporate banking, investment banking, and wealth management. The company has a strong focus on profitability, asset management, and dividend payments, and is classified as a “rhino” company – a type of company that has achieved moderate revenue or earnings growth.

VI Peers

DBS Group Holdings Ltd is a Singaporean holding company for DBS Bank. The company operates in three segments: Consumer Banking and Wealth Management, Institutional Banking, and Treasury and Markets. The company offers a range of banking products and services, including deposits, loans, and credit cards. The company also offers wealth management products and services, such as investment advisory, portfolio management, and private banking. The company operates in Singapore, Hong Kong, Taiwan, China, and Indonesia.

DBS Group Holdings Ltd’s competitors include Bank Of Beijing Co Ltd, China Citic Bank Corp Ltd, and Hang Seng Bank Ltd. These companies are also holding companies for banks and offer similar products and services.

– Bank Of Beijing Co Ltd ($SHSE:601169)

Bank of Beijing Co Ltd is a large Chinese bank with a market cap of 86.69B as of 2022. The bank offers a wide range of banking and financial services to both individuals and businesses. These services include loans, savings and checking accounts, credit cards, and investment products. The bank has over 3,000 branches across China and employs over 30,000 people.

– China Citic Bank Corp Ltd ($SHSE:601998)

Citic Bank Corp Ltd is a large Chinese bank with a market cap of 198.42B as of 2022. The company offers a full range of banking services including deposits, loans, credit cards, and investments. It has over 3,000 branches across China and is one of the country’s largest banks.

– Hang Seng Bank Ltd ($SEHK:00011)

Hang Seng Bank is a leading financial institution in Hong Kong with a market capitalization of 227.13 billion as of 2022. The bank offers a comprehensive range of banking and financial services to personal, corporate, and institutional customers through its network of branches and ATMs in Hong Kong. These services include deposits, loans, credit cards, foreign exchange, money market, and investment banking products. Hang Seng Bank is also one of the largest issuers of credit cards in Hong Kong.

Summary

DBS Group is one of the largest banks in Southeast Asia, and is headquartered in Singapore. The company has a strong presence in key markets such as Singapore, Hong Kong, Indonesia, and Taiwan. DBS Group has a long history of paying dividends, and the company has a strong track record of increasing its dividend payments over time.

Given the company’s strong financial performance and positive outlook, it is likely that DBS Group will continue to raise its dividends in the future. Investors who are looking for a stable and growing dividend income stream may want to consider investing in DBS Group.