DBS to skip quarterly reporting but maintain dividend payout frequency

SINGAPORE (Feb 20): DBS Group Holdings, the largest Singapore listed company by market value, will be taking advantage of new SGX rules allowing some companies not to report every quarter.
These new rules, years in the making, finally took effect on Feb 7.
In place of detailed quarterly earnings reports, DBS promises to give “abridged financial disclosures”, or trading updates, for 1Q and 3Q. These reports will include profit and loss account, key balance sheet items and financial ratios, as well as business commentary.
DBS says this “will enable investors to assess DBS Group's ongoing performance between the fuller half-yearly reports”. The first of such trading updates will begin with 1QFY2020.
However, DBS will continue to give out its dividends every quarter. The bank resumed paying dividend quarterly in FY2019, after consistently sticking to half yearly payouts between 2011 and 2018. Between 2005 and 2010, it paid dividends every quarter.