Reward 500 Tiger-coinsSingapore’s three banking giants — $DBS(D05.SI)$ , $OCBC Bank(O39.SI)$ , and $UOB(U11.SI)$ — have all retreated recently, as investors brace for an expected Fed rate cut cycle. The question now is: where’s the focus when growth slows but dividends stay strong?
DBS: The Dividend Anchor
DBS just delivered another solid quarter — total revenue up 6% YoY to S$5.9B and net profit at S$2.9B, slightly lower due to global minimum tax adjustments.
Still, the bank rewarded shareholders with a S$0.75 per-share dividend, up nearly 39% YoY, including a special S$0.15 capital return.At current levels (~S$54.8), that’s a ~5.5% yield — one of the highest in the region.
Why Dividends Matter Now
As rates begin to normalize, net interest margins (NIMs) may soften, but banks like DBS remain supported by:
Record fee income from wealth management and cards
Strong balance sheets and stable credit quality
Continued buybacks and payout growth signaling confidence
With yield curves flattening, investors are shifting from rate-driven earnings toward cash flow visibility and sustainable dividends.
Other dividend plays are attracting renewed attention:
$Singtel(Z74.SI)$ offers ~7% yield, boosted by a value-unlock payout.
$ST Engineering(S63.SI)$ and $SATS(S58.SI)$ show steady recovery but lower yields.
💬 Your Turn
Rate cuts are coming — but dividends remain strong. So, investors, what’s your move?
1. Prefer holding for income (dividend play)?
2. Rotating into growth or cyclical?
3. Or just waiting for a better entry after the pullback?
Comments
儘管如此，該銀行仍以每股0.75新元的股息獎勵股東，同比增長近39%，其中包括0.15新元的特別資本回報。按照目前的水平（約54.8新元），收益率約爲5.5%，是該地區最高的收益率之一。
All 3 Singapore banks have a phenomenal track record of capital growth - and at the same time maintaining consistent dividends.
I am a long term investor of all 3 banks and they have rewarded me with great dividends and fantastic capital growth. Despite the recent pullbacks I am not selling as it is hard to find such great Singapore stocks to buy and hold long term.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
与此同时，我保留了一个单独的增长投资组合，目标是技术和人工智能等行业，这些行业的结构性趋势继续推动盈利扩张。这有助于平衡股息股票较慢但较稳定的回报，使我能够同时获得稳定性和长期上涨空间。
我没有完全转向一边，而是保持灵活性——在市场回调期间有选择地增加。如果银行估值进一步下跌，我会增加收益率；如果增长名称正确，我会为资本增值而积累。这种双重方法让我既能获得收入稳定性，又能获得未来的增长潜力。
@Tiger_SG @Tiger_comments @TigerStars
There had to be expectations that the interest rates would have to fall and have realistic expectations (even though the belief in SG banks as a stable and safe option is the prevalent sentiment).
As above, wait for the rate cuts to take effect, the lag to clear up then enter at a better price since SG banks are reasonably safe investments.
Check them in the history - “community distribution“