DBS shares vault past S$46 in intraday trading on strong results, capital return dividend plan

SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends, alongside yet another record full-year net profit.

The counter climbed as much as 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 shortly after market opened on Monday (Feb 10).

It later eased to trade at S$45.60 as at 3.51 pm, up 2.1 per cent or S$0.92, and was the top-traded counter by value with 6.8 million securities worth S$311.3 million transacted.

On Monday, DBS proposed a final dividend of S$0.60 per share for its fourth quarter of 2024, bringing the full-year dividend payout to S$2.22 per share, up 27 per cent on year. The final dividend will be payable on or around Apr 16.

It also announced a capital return dividend of S$0.15 per share to be paid out each quarter over financial year 2025, with expectations to pay out a similar amount of capital in the next two years.