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DBS Group Declare Special Dividend Per Share
0439 GMT - DBS Group could declare a special dividend per share of around 92.6 Singapore cents for end-2027, CGS International analysts say in a note. The Singapore bank has not made progress on its 3 billion Singapore dollars share buyback program since July 2025, they note. DBS has bought back and cancelled around S$371.3 million worth of shares so far, they say. Management said that any remaining amounts unutilized under the program could be returned to shareholders through a special dividend per share to be proposed after 2027, they add. CGS International raises the stock's target price to S$69.90 from S$63.80, while maintaining an add rating. Shares are last 1.9% higher at S$63.96.
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