UOB interim div/shr S$0.85

UOB interim div/shr S$0.85

United Overseas Bank (UOB) has announced its interim dividend for the year ending December 31, 2024, amounting to S$0.85 per share. This dividend is payable on August 28, 2025, with the ex-dividend date set for August 15, 2025 [1]. The company's current dividend yield stands at 5.05%, well-covered by earnings and providing a stable return for shareholders.

UOB's dividend history demonstrates a growing trend over the past decade, with consistent increases in payouts. The bank's recent earnings reports have shown earnings in line with analyst expectations, further solidifying the stability of its dividend payments [2]. The bank's strategic focus on ASEAN and digital synergy is expected to drive future revenue growth and earnings, potentially leading to further dividend increases [3].

The company's management has also shown confidence in the stock, with the Deputy Chairman & CEO recently purchasing S$3.4 million worth of stock [1]. This purchase, along with the bank's recent dividend increases, indicates a positive outlook for the company's financial health.

Despite the positive outlook, UOB's stock has seen fluctuations in the past few months, with a high of S$24.65 and a low of S$19.01 in the last 90 days [1]. This volatility reflects market sentiment and investor expectations, which can be influenced by various factors such as economic conditions and geopolitical events.

In conclusion, United Overseas Bank's interim dividend of S$0.85 per share represents a stable and growing payout for shareholders. The company's strategic focus on ASEAN and digital synergy, along with its consistent earnings performance, suggests that UOB is well-positioned for future growth. However, investors should remain aware of market volatility and potential risks.

References:
[1] https://simplywall.st/stocks/sg/banks/sgx-u11/united-overseas-bank-shares/dividend
[2] https://stockanalysis.com/quote/otc/UOVEF/revenue/
[3] https://m.economictimes.com/markets/ipos/fpos/nsdl-ipo-check-dividends-for-last-3-financial-years-and-dividend-policy/amp_articleshow/123114326.cms