DBS Likely to Deliver Higher Dividend Into 4Q -- Market Talk
Dow Jones
May 11
0202 GMT - DBS Group is likely to deliver higher dividend per share into 4Q, which should narrow the dividend yield gap compared with peers, Citi analyst Tan Yong Hong says in a note. The Singapore bank posted better-than-expected 1Q results, thanks to a strong wealth segment performance. Citi reiterates DBS as its preferred pick due to its exposure to the Asian wealth management business, with strong assets under management momentum. Citi has a buy rating on the stock and raises its target price to S$65.00 from S$63.60. DBS shares are 1.0% higher at S$58.44. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 10, 2026 22:02 ET (02:02 GMT)
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