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With $2.4 bil in excess capital, could DBS be a 'payout superstar'?

Jovi Ho
Jovi Ho8/8/2022 08:24 AM GMT+08  • 4 min read
With $2.4 bil in excess capital, could DBS be a 'payout superstar'?
“We do not believe the group would have the appetite for sizable M&A in the medium term.”
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Following DBS Group Holdings’ results for 2QFY2022 ended June, analysts think the bank could be a “payout superstar” as excess capital could raise dividends.

DBS reported net profit of $1.82 billion for the 2QFY2022 ended June, 7% higher than the net profit of $1.70 billion in the same period the year before. This brings the bank’s net profit for the 1HFY2022 to $3.62 billion, which fell by 3% compared to its record net profit of $3.71 billion reported in the 1HFY2021.

DBS also declared an interim dividend of 36 cents, bringing 1HFY2022 dividend to 72 cents per share.

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