OCBC unveils special payout, and investors flock to shares.

Australasian Business Intelligence, March, 2003

Mar 24, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Shares in Oversea-Chinese Banking Corporation (OCBC) reached a two-month high on 20 March 2003, following a 7.2 per cent rise. The $S0.65 increase followed OCBC's announcement on 19 March 2003 that it planned to issue a special $S0.495 ($US.028) share dividend. The special dividend is on top of the $S0.15-per-share final dividend declared by OCBC in February 2003. In announcing the special dividend, OCBC advised that shareholders could choose to receive preference shares as an alternative, with the preferred shares having a yield of between four and five per cent.

Publication Date: 21 March 2003

OVERSEA-CHINESE BANKING CORPORATION 

LIMITED:

DBS GROUP HOLDINGS...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.