Homepage
PR Newswire
17-02-2014, 07:12 PM
(This post was last modified: 17-02-2014, 07:19 PM by felixleong.)
Thanks for the article its pretty interesting.
http://www.ocbc.com.sg/group/investors/s...story.html
http://www.ocbc.com.sg/group/investors/s...htbox.html
btw I dug further and found out that OCBC has been offering scrip dividends since 2008 but not all the time, its kinda weird.
like from 2011 final to 2013 interim, scrip dividends was not offered. (a total of 4 payouts without scrip, only cash)
If I have to think of the reason why they are suddenly activating scrip dividends again, I think it could be possibly the need of cash to fund the Wing Hang acquisition. If I have to guess, I would say 90% we would see this acquisition completed and probably announced in march or so.
From 2009 and 2010 OCBC did scrip dividends and later made the acquisition of ING PB (later renamed Bank of Singapore)
For value buddy investors, do u guys like scrip dividends?
I personally feel it a bit troublesome getting odd lots... however the 10% discount is really too tempting to not take it
http://www.ocbc.com.sg/group/investors/s...story.html
http://www.ocbc.com.sg/group/investors/s...htbox.html
btw I dug further and found out that OCBC has been offering scrip dividends since 2008 but not all the time, its kinda weird.
like from 2011 final to 2013 interim, scrip dividends was not offered. (a total of 4 payouts without scrip, only cash)
If I have to think of the reason why they are suddenly activating scrip dividends again, I think it could be possibly the need of cash to fund the Wing Hang acquisition. If I have to guess, I would say 90% we would see this acquisition completed and probably announced in march or so.
From 2009 and 2010 OCBC did scrip dividends and later made the acquisition of ING PB (later renamed Bank of Singapore)
For value buddy investors, do u guys like scrip dividends?
I personally feel it a bit troublesome getting odd lots... however the 10% discount is really too tempting to not take it