COVID-19 could drive DBS and OCBC's dividends to over 6%

Submitted By:  Staff Reporter Case Study:  No But net profit forecasts had been cut by 5.8% and 3.7%, respectively. The economic disruption caused by the coronavirus pandemic may drive DBS’ and OCBC’s dividend yields to overshoot to 6% as a result of a steep share price correction, reports UOB Kay Hian. Over the past 30 years, the two banks have hit above a dividend yield of 6% once, during the Global Financial Crisis. Meanwhile, UOB has attained this yield twice: during the GFC and the Asian Financial Crisis. read more