DBS Group (OTC:DBSDY) Holdings Ltd, Singapore's premier banking institution, has declared a dividend of $1.42 per share, payable on December 7, 2023. Investors must hold shares before the ex-dividend date of November 15, 2023, to be eligible for this payout. This announcement is part of the company's long-standing practice of quarterly dividend distributions since 2003.
The bank has recently bolstered its presence in Singapore and Greater China by acquiring Lakshmi Vilas Bank and Citibank's Taiwan operations. As a result, DBS Group's wealth management division now oversees SGD 320 billion in assets, making it one of the largest in Asia.
Despite a trailing annual dividend growth rate of -1.40% over the past three years, DBS Group Holdings Ltd has shown an upward trend with an annual increase of 9.80% over the past five years and an even more robust 10.90% over the past decade. The current trailing dividend yield stands at 5.03%, with a forward yield projected at 5.43%, signaling an anticipation of continued dividend growth.
A critical measure of dividend sustainability, the payout ratio for DBS Group Holdings Ltd was recorded at 0.43 as of September 30, 2023. This figure suggests that the company maintains a sustainable dividend policy. Additionally, DBS Group has been assigned a profitability rank of 6 out of 10, reflecting fair profitability.
However, when it comes to revenue and earnings growth, DBS Group Holdings Ltd faces challenges compared to its global peers. Its average annual revenue has increased by about 4.10%, which is less than approximately 62.86% of competitors worldwide. Similarly, its average annual earnings growth over the past three years is about 8.60%, underperforming nearly half of its global counterparts. The company's five-year EBITDA growth rate is at 10.30%, lagging behind approximately 43.31% of competitors globally.
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