Home Money Making UOB: Interim dividend 85c per share! Huat ah!

UOB: Interim dividend 85c per share! Huat ah!

UOB: Interim dividend 85c per share! Huat ah!


Throughout “Night with AK and buddies 2023”, I mentioned that UOB would proceed to develop its earnings very strongly. 

That is thanks in a big half to its acquisition of Citibank’s client enterprise in 4 South East Asian nations.

UOB has delivered and when it comes to dividends, it has exceeded my expectation.

85 cents interim dividend per share has been declared.

Huat ah!

Though I solely began investing in UOB in the course of the COVID-19 pandemic, it grew into one in every of my largest investments inside a couple of weeks.

“When it is raining gold, attain for a bucket, not a thimble.”

Warren Buffett mentioned this, not me.

Since then, I’ve been including to my funding in UOB, most notably when the worth of its widespread inventory languished at round $26 a share for some time final yr.

This enlarged funding in UOB goes to convey residence a bigger portion of bacon.

I remind myself that UOB retains 50% of its earnings which implies that it’s rising extra worthwhile over time.

If the fixed shopping for again of shares by UOB is something to go by, that is in all probability going to be the case for a while to come back.

Investing in UOB is not only investing for revenue, additionally it is investing for development.

We are able to have our cake and eat it too.

If AK can do it, so are you able to!

Associated publish:
Banks: Even greater dividends?



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