Sunday, May 28, 2023
HomePassive IncomeUOB and OCBC hike remaining dividends! Huat ah!

UOB and OCBC hike remaining dividends! Huat ah!


Excellent news from UOB and OCBC!

When DBS declared a particular dividend, I questioned if UOB and OCBC would do the identical.

Sadly, there is no such thing as a particular dividend from UOB and OCBC.

Nonetheless, they did declare larger remaining dividends!


UOB elevated their remaining dividend by 15c or 25%.

This is not too shabby since it is extremely near a 50% payout ratio.

We are able to in all probability anticipate this to be the norm in future because it is not a particular dividend and, thus, unlikely to be a one off occasion.


As for OCBC, they hiked their remaining dividend by 12c!

Whereas it’s decrease than UOB’s 15c hike in absolute phrases, it’s a lot larger in proportion phrases.

A rise of 12c from 28c to 40c is an virtually 43% hike!

I’m so surprised like vegetable!






OCBC is just not solely one among my largest investments.

OCBC is my largest funding in equities. 

My funding in OCBC is far bigger than my funding in UOB.

So, my passive revenue within the type of a remaining dividend from OCBC goes to be very a lot bigger this yr in comparison with final yr.

That is particularly after I elevated the dimensions of my funding in OCBC many instances in 2H 2022.

Though my warfare chest was quite depleted, I used to be ready to do that by decreasing my investments in Centurion Corp. and ComfortDelgro which had been each underperforming.

In my weblog on Wilmar’s file dividend, I mentioned I used to be feeling a bit giddy.

I feel it simply obtained worse.

Need proof?

See the brand new picture of AK beneath.

Alamak!






I slapped myself onerous and reminded myself that the upper dividends from our native lenders will go some strategy to filling shortfalls from Sabana REIT, CapitaLand China Belief and IREIT International this yr.

Nonetheless early days, to keep away from doable disappointment, I’m preserving expectations low as regards to full yr passive revenue for 2023.

In any case, I can not dictate how a lot my investments ought to pay me.

I’ll proceed to train prudence with regards to bills as, typically, that is one thing I’ve appreciable management over.

Nonetheless, to be trustworthy, I’m feeling extra sanguine about this yr’s passive revenue now.





Whether or not the yr would finish on a excessive notice for me as an investor for revenue ought to grow to be clearer in one other 6 months or so from now.

Until then, I simply need to be affected person and wait.

“Wall Road makes its cash on exercise. You make your cash on inactivity.” 



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