DBS crosses S$46 for first time on strong results and capital return dividend plan

SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion.

As at 9.02 am, the counter climbed 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 from its closing price of S$44.68 on Friday, after 1.3 million shares were moved.

It later eased to trade at S$46.03 as at 9.20 am, up 3 per cent or S$1.35, and was the top-traded counter by value of the morning with 2.7 million securities worth S$122.5 million transacted.

This also marks the first time the bank’s share price has breached the S$46 mark, after crossing the S$45 mark on Jan 8.

Shares of DBS’ peers rose to record highs as well, with UOB reaching S$38.06 as at 9.14 am, and OCBC hitting S$17.65 as at 9.03 am.

As at 9.20 am, both counters had eased slightly, with UOB up 1.6 per cent or S$0.58 at S$37.96, and OCBC gaining 1.3 per cent or S$0.22 to trade at S$17.55.