UOB Shares Retreat on Bank’s Profit, Dividend Decline

United Overseas Bank Ltd. shares tumbled the most in almost four months after fourth-quarter profit missed analyst expectations and the bank cut its dividend.

The stock was down as much as 4.6% in Singapore on Tuesday as the lender reported a decline in lending margins. Net income earlier fell 7.4% to S$1.41 billion ($1.11 billion) in the three months ended Dec. 31, less than the S$1.45 billion average estimate of analysts surveyed by Bloomberg.