Investor Presentaiton
Rewarding shareholders with higher dividends
53%
47%
49%
40%
39%
Dividend increase
Dividend payout ratio
53.0
68.0
53.0
40.0
43.0
DPS (cents)
28.0
28.0
31.8
Final dividend
23.0
Interim dividend
15.9
25.0
28.0
25.0
20.0
15.9
2018
2019
2020 1/
1/
2021
2022
→ OCBC Bank
1/ In July 2020, the MAS called on locally-incorporated banks headquartered in Singapore to cap total
dividends per share for FY20 at 60% of that for FY19. This aims to bolster the banks' resilience and
capacity to support lending to customers while also meeting the needs of shareholders. In July 2021, the
dividend cap was lifted for the FY21 dividend.
Dividend
supported by sustained
earnings growth and
strong capital position
■■53% dividend payout ratio,
highest since 2008
Final dividend increased
43% YoY to 40 cents
■ Target 50% dividend
payout ratio going forward
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