0048 GMT - United Overseas Bank's final dividend of S$0.71 a share missed consensus expectations, says Citi analyst Tan Yong Hong in a note. The market likely expected a higher dividend from the Singapore bank given a robust 14.9% common equity tier-1 ratio, he says. Still, he notes the total dividend of S$1.56 for 2025 represents a payout ratio of around 50% and excluded pre-emptive general provisions set aside in 3Q. He expects the lender to focus on potential capital management during its earnings call. Citi retains its neutral rating and S$39.00 target price. Shares last closed 0.5% higher at S$38.80. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 23, 2026 19:48 ET (00:48 GMT)
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