Is the DBS dividend really tax-free for German investors?

The dividend is tax-free in Singapore, meaning no Singapore withholding is deducted. German residents still pay local taxes, typically 25% Abgeltungsteuer plus solidarity surcharge (and church tax if applicable). Your broker handles withholding and reporting. The absence of Singapore withholding simplifies the process for cross-border holders.

What yield does the S$0.66 final dividend imply at current prices?

At a recent price of S$58.26, the S$0.66 final payment implies about a 1.13% one-off yield. On a trailing basis, DBS distributed about S$2.85 per share, which is roughly a 4.81% trailing yield at the same price. Actual cash received will depend on FX conversion to euro and any broker fees.

When are the ex-dividend and payment dates?

DBS confirmed the S$0.66 payout, but investors should check the official notice for the ex-dividend, record, and payment dates. Shares bought on or after the ex-date will not receive the dividend. Your broker will credit proceeds in euro on or after the payment date, subject to processing times.

How does D05.SI look on valuation and momentum?

DBS trades near 15.17 times trailing earnings with a price-to-book of about 2.46 and ROE around 16.57%. Momentum is firm: RSI 66.91, ADX 35.14, and positive MACD. The Meyka Stock Grade is B+ with a BUY suggestion, while near-term pullbacks could offer better entries.

Global Market Insights

D05.SI Stock Today: February 9 — Final S$0.66 Dividend Declared

ByDanny Kontos February 9, 2026

The DBS dividend just firmed up: a final tax-free payout of S$0.66 per share was declared on 9 February, reinforcing the bank’s income story for 2026. According to the company notice, the payment is tax-exempt in Singapore, which benefits international holders at source source. Shares of D05.SI last traded around S$58.26, near a 52-week high of S$60. For investors in Germany, the headline DBS dividend boosts yield expectations, while local tax, FX conversion, and timing still matter for net returns.