Today, I bought OCBC. As shared yesterday, OCBC share price crashed along with the other two local Singapore banks DBS (SGX:D05) and UOB (SGX:U11). OCBC (SGX:O39) share price opened at S$15.42 and closed at the day low of S$14.81. At the current price, are you wondering what is OCBC dividend yield? I will share more about it further below.
The major selloff started on Monday as Trump announced the tariffs that he will impose on various countries last week. The tariffs imposed for Singapore was 10% which was the lowest tier as compared to other countries. Trump’s tariffs sent the global markets into turmoil causing major selloff in worldwide stock markets and also Singapore stock market.
Is this a crisis or opportunity? In my opinion, this really depends on you. While some investors see this as a crisis, I see this as an opportunity to nibble on some stocks that I have been eyeing for a long time. If you look at my stock portfolio below, OCBC currently makes up only 4.20% of my entire stock portfolio. The bulk of my cash is still safe with Singapore Savings Bonds.
As a dividend investor, are you wondering how much dividend is OCBC Bank paying over the past years? As you can see from below, OCBC Bank was able to constantly payout dividends year-on-year. For the last 5 years, OCBC Bank increased its dividend payout every year. For more details of OCBC dividend history, you can refer to their investor relation’s page.
Financial Year: 2024
Total Dividend Payout: 1.01 SGD per share (Interim: 44 cents, Final: 41 cents, Special: 16 cents)
Financial Year: 2023
Dividend Payout: 0.82 SGD per share (Interim: 40 cents, Final: 42 cents)
Financial Year: 2022
Dividend Payout: 0.68 SGD per share (Interim: 28 cents, Final: 40 cents)
Financial Year: 2021
Dividend Payout: 0.53 SGD per share (Interim: 25 cents, Final: 28 cents)
Financial Year: 2020
Dividend Payout: 0.318 SGD per share (Interim: 15.9 cents, Final: 15.9 cents)
OCBC’s upcoming ex-dividend date is on 25th April 2025. OCBC’s shareholders who own OCBC (SGX:O39) stock before this date will receive OCBC’s next dividend payment of S$0.57 per share on 9th May 2025. With today’s transaction, OCBC now makes up 5.26% of my stock portfolio.
Will the share prices of Singapore Banks dip further? Based on past experiences, the stock market under Trump’s administration tends to be volatile. Under such volatile market conditions, I believe the share prices of Singapore Banks will be like a roller coaster ride.