OCBC could distribute $460.7m in additional capital to investors

This would equate to about 13 Singaporean cents per share.

OCBC’s shareholders may enjoy about S$600m (approximately $460.71m) or a further 13 cents per share that can be returned to them via more buybacks or potential special dividends by end-2026.

Estimates by CGS International found that there could be an additional S$1b in excess capital that can be returned to shareholders. OCBC’s special dividend for FY24-25F will amount to circa S$1.5b.

Management had earlier announced a S$2.5b capital return exercise for FY25F-26F.

To date, OCBC has conducted circa S$370m in share buybacks. This means that there could be more than S$600m, or around 13 Singaporean cents per share, to be further returned to shareholders either via more share buybacks or potential special dividends by end-FY26F, CGS International said.

(US$1 = S$1.30; as of 10 November 2025, Morningstar via Google)