Previous close | 13.91 |
Open | 14.03 |
Bid | 14.07 x 0 |
Ask | 14.08 x 0 |
Day's range | 14.03 - 14.22 |
52-week range | 12.00 - 14.55 |
Volume | |
Avg. volume | 6,020,704 |
Market cap | 63.559B |
Beta (5Y monthly) | 0.63 |
PE ratio (TTM) | 8.66 |
EPS (TTM) | 1.63 |
Earnings date | 10 May 2024 |
Forward dividend & yield | 0.84 (5.95%) |
Ex-dividend date | 08 May 2024 |
1y target est | 14.58 |
Singapore's second-biggest lender, OCBC, unveiled a S$1.4 billion ($1.04 billion) offer on Friday to buy the remaining stake in insurer Great Eastern Holdings and delist the company. OCBC, Great Eastern's biggest shareholder, said it would acquire the 11.56% stake in the insurer that it does not currently own.
SINGAPORE (Reuters) -Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private. OCBC, Great Eastern's biggest shareholder, offered a 37% premium over Great Eastern's last traded shares price to buy the 11.56% stake in the insurer that it does not currently own, valuing the insurer at S$12.12 billon. It plans to delist Great Eastern from the Singapore bourse if the deal goes through.
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, dividend stocks remain a focal point for those seeking steady income streams in a landscape marked by ongoing global economic adjustments. In light of current market conditions, a good dividend stock typically combines reliable payouts with strong business fundamentals, making it an appealing...