DBS Group Holdings shares bucked last Friday’s decline to open at $50.50 on Aug 18 before slipping below the previous close of $49.90 prior to the midday break.
As at 12pm, DBS shares are trading 18 cents lower, or 0.36% down, at $49.72. DBS shares have reached an intra-day low of $49.62.
DBS shares crossed the $50 mark for the first time on Aug 7 following the release of its results for 1HFY2025 ended June 30. DBS shares reached a 52-week high of $51.45 at the close of the Aug 13 session; it began its decline the following day while staying above the $50 mark.
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, which likely contributed to DBS’s share price slide on Aug 15 to an intra-day low of $49.80.
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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 recent share price movements:
DBS shares fall below $50 after a week
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DBS 2QFY2025 net profit rises 1% y-o-y to $2.82 billion
Tan Su Shan, Forrest Li included in Fortune’s list of most powerful business leaders
DBS CEO Tan’s second report card greeted by fleeting record share price of $50
