DBS Group Holdings’ share price has fallen below the $50 mark, a week after hitting record highs following the release of its results for 1HFY2025 ended June 30.
DBS shares reached an intra-day low of $49.80 on Aug 15, just two days after hitting a 52-week high of $51.45 at the close of the Aug 13 session.
DBS shares closed 59 cents lower, or 1.17% down, at $49.90 on Aug 15. DBS shares are up more than 13.5% year to date.
DBS’s 2QFY2025 net profit rose 1% y-o-y to $2.82 billion, 1% above consensus. Net profit for 1HFY2025 was slightly lower y-o-y at $5.72 billion compared to $5.76 billion this time last year.
DBS's board declared an interim quarterly dividend of 60 cents per share, along with a capital return dividend of 15 cents per share, bringing the 1HFY2025 amounts to $1.20 per share and 30 cents per share respectively.
The ex-dividend date was Aug 14, a possible factor in DBS's share price decline today.
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Payment for the interim dividend and capital return dividend will be on or around Aug 25.
Read more about DBS’s results and share price:
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DBS 2QFY2025 net profit rises 1% y-o-y to $2.82 billion
DBS CEO Tan’s second report card greeted by fleeting record share price of $50
