OCBC just hit an all-time high, yet my forensic screen flags a 2.9% ordinary yield, below my 3.2% income floor. I walk through why profit growth and dividend payouts can move in opposite directions, and what that means if you’re drawing income for retirement. We also touch on DBS and UOB’s near-miss yields, Seatrium’s interest coverage gap, and why this week’s inflation data changes nothing.
Key takeaways:
OCBC group profit up 13% year on year, but ordinary yield sits at 2.9% as of 8 August
Special dividends rolled out, leaving a smaller distribution against a higher share price
DBS yield misses Iggy’s bar by under 0.5 percentage point, UOB by a wider margin
Seatrium interest coverage around 3x, below the 4x minimum income safety threshold
July core inflation at 2%, driven by electricity tariffs, no surprises to the framework
Iggy’s Forensic Disclaimer
This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.
