Operations: Oversea-Chinese Banking Corporation Limited's revenue segments include Global Wholesale Banking at SGD5.23 billion, Global Consumer/Private Banking at SGD5.19 billion, Insurance at SGD1.27 billion, and Global Markets at SGD512 million.

Dividend Yield: 5.8%

Oversea-Chinese Banking Corporation's dividend profile is characterized by a reasonable payout ratio of 52.8%, indicating dividends are currently covered by earnings, with future coverage expected to remain stable. However, the dividend track record over the past decade has been volatile, despite recent increases. The bank's interim dividend of S$0.44 per share was paid in August 2024, reflecting ongoing shareholder returns amidst steady earnings growth and strategic financial management changes following executive retirements.

• Delve into the full analysis dividend report here for a deeper understanding of Oversea-Chinese Banking.

• Insights from our recent valuation report point to the potential undervaluation of Oversea-Chinese Banking shares in the market.

QAF

Simply Wall St Dividend Rating: ★★★★★☆

Overview: QAF Limited is an investment holding company involved in the manufacture and distribution of bread, bakery, and confectionery products across Singapore, Australia, the Philippines, Malaysia, and internationally with a market cap of SGD480.35 million.

Operations: QAF Limited generates its revenue primarily from its Bakery segment, contributing SGD460.50 million, and Distribution & Warehousing segment, adding SGD164.22 million.

Dividend Yield: 6%

QAF offers a high dividend yield of 5.99%, placing it in the top 25% of Singapore's market, with dividends covered by both earnings and cash flows at around 82%. Despite stable payouts over the past decade, the lack of growth in dividend payments may concern some investors. Recent financials show improved earnings, with net income rising to S$12.48 million for H1 2024. An interim dividend of S$0.01 was paid in September 2024.

• Dive into the specifics of QAF here with our thorough dividend report.

• The valuation report we've compiled suggests that QAF's current price could be inflated.

Summing It All Up

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SGX:AGS SGX:O39 and SGX:Q01.

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