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$UOB(U11.SG)$: UOB's net profit for Q4 2023 rose 21.8% YoY o...

$UOB(U11.SG)$: UOB's net profit for Q4 2023 rose 21.8% YoY on higher net fee income and other non-interest income to S$1.4 billion, from S$1.2 billion in the year-ago period. The earnings missed a S$1.5 billion consensus forecast for the fourth quarter in a Bloomberg survey of two analysts. Net fee income was up 17.3% YoY to S$569 million, while other non-interest income climbed 53.7% to S$438 million. UOB's board has recommended a final dividend of S$0.85 per share for the half-year period, bringing the full-year dividend to S$1.70 per share, representing a payout ratio of about 50%. For the full year, net profit was up 24.9% to a record high of S$5.7 billion, although it missed a S$6 billion consensus forecast of five analysts surveyed by Bloomberg.
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