Advertisement Banner

One bank declared dividend already. Wondering about all other banks.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

After reporting profits for the financial year ending 31st Dec 2020, Maybank has declared dividend (single-tier interim dividend) of 13.5 sen. Yes, I start to wonder how will all other banks be reacting to this. By the way, from all the reports I read, I have not read about any bank suffering huge losses because they provided the 6 months moratorium which has also been extended to 9 months and now some may have extended it further.

COVID-19 pandemic has not been kind to many companies. This included the banks too. Thus, their stock price has been battered hard. Let’s not go into numbers but suffice to say, it’s RED when compared to their prices prior to COVID-19’s arrival. Yes, I owned stocks in one bank starting with C. Haha. Hopefully they will also declare dividends too though that’s not the main purpose I bought the stock in the first place. News as below.

declared dividend
Photo by Pixabay on Pexels.com

Article in themalaysianreserve.com Maybank is the first local bank to offer a full dividend for the year despite COVID-19 pandemic. Other banks such as Public Bank Bhd, CIMB Group Holdings Bhd and Affin Bank Bhd has not yet declared any dividend for the year despite posting IMPROVED profits.

For its 3Q ended Sept 30, 2020, Maybank’s net profit declined 2% year-on-year (YoY) to RM 1.95 billion or 17.37 sen per share from RM1.99 billion or 17.78 sen per share in the same quarter last year, due to the continued impact from the pandemic. However, this was partly offset by reduced overhead expenses and a decline in impairments. Do read the full report here: Article in themalaysianreserve.com

Important note

We are fortunate that Bank Negara Malaysia (BNM) has been very strict with the banks and thus when COVID-19 pandemic came, our banks were generally on a strong footing. Thus, the moratorium was able to be carried out easily. Imagine if the banks’ fundamental were wobbly and we ask them to extend the moratorium again and again. The banks’ employees may be the ones who will suffer the most when this happens. Luckily, the banks remain profitable and we have one who has announced a quarterly dividend. That’s really a good sign.


If the banks continue to show an improvement, their current share prices do look very attractive yeah. This is especially if they start declaring dividends based on their current share prices and it may be double or triple the yields from keeping our money in the fixed deposit for 12 months and getting just 2%. Not asking anyone to buy any stocks, this decision is for everyone to make. Do take care and stay safe.

Love to be updated on all investment news? Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Next suggested article: Are banks still resilient in Malaysia. Who says what?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.


Advertisement Banner



kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,542 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: