DBS declares dividend payout of 81 cents as Q2 profit comes in better than expected
The bank posted record net profit of $3.08 billion for the second quarter, 9 per cent higher than a year ago.
DBS Group announced an 81-cent dividend per share for the second quarter of 2026, as the bank's net profit grew 9% year-over-year, driven by record wealth management income. The dividend consists of 66 cents in ordinary dividends and 15 cents in capital return dividends, totaling about $2.3 billion in payouts. This brings the first-half dividend payout to $1.62, including the first-quarter's 81-cent dividend.
DBS shares rose 2.08% to $75.08 after reaching a new high of $75.80. Peer banks OCBC and UOB also increased by 2.44% and 1.21%, respectively. DBS reported a record $3.08 billion net profit for the April to June quarter, surpassing analyst forecasts. CEO Tan Su Shan attributed the growth to strong performance across Taiwan and India, noting the region's potential for continued expansion.
The bank sees favorable tailwinds in Singapore's semiconductor ecosystem, capital markets, AI investments, and global trade hub role. Despite inflation, oil prices, and interest rate risks, Singapore is well-positioned due to government efforts in workforce reskilling and technology investments. DBS expects its full-year guidance to exceed 2025 levels, with net interest income expected to close the gap and commercial book non-interest income to grow by 14-16% driven by wealth management.
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