SGX-listed Oversea-Chinese Banking Corp. Ltd., or OCBC Bank (SG:O39), is among the most popular dividend stocks in the Singapore market. OCBC continues to hold strong appeal for income investors due to its impressive dividend yield of 6.27%. This figure stands significantly above the sector’s average of 2.1%. The bank also delivered upbeat first-half earnings for FY23, with higher interest rates benefiting the bottom-line performance. This came as good news for shareholders who witnessed a more than 40% hike in their interim dividend payment.
Looking ahead, analysts anticipate robust performance from the bank, which should further fortify the dividend payments in the future. OCBC stock has received a Moderate Buy rating on TipRanks.
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