MAS calls on local banks to moderate dividends as economy falters

Ravi Menon, managing director of the Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) has called on locally incorporated banks headquartered in Singapore to cap their total dividends per share (DPS) for full-year 2020 at 60% of 2019’s DPS, and offer shareholders the option of receiving the dividends to be paid for 2020 ‘in scrip’ in lieu of cash. The announcement follows the recent news issued by the…

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