MAS asks local banks to limit FY2020 dividends

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No Lenders are called to cap their DPS at 60% of FY2019’s DPS. The Monetary Authority of Singapore (MAS) has called on Singaporean banks to cap their total dividends per share (DPS) for the fiscal year at 60% of FY2019’s DPS as a pre-emptive measures to bolster their resilience amidst the ongoing pandemic, the regulator announced in a press release. Instead, MAS asked lenders to offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash. read more