Analysts expect dividends of banking stocks to rebound this year when the Monetary Authority of Singapore (MAS) permits. In 1QFY2021 ended March, DBS Group Holdings, which pays out quarterly dividends, announced a total payout of $460 million in dividends, representing a payout ratio of around 22%. In FY2019, DBS had raised its quarterly dividend from 30 cents per quarter to 33 cents per quarter.

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