Dividend Ang Pows! — 5 Singapore stocks that pay you with reliable dividends

SINGAPORE: Including dividend-paying shares to your funding portfolio can present a gradual stream of passive revenue to complement your earnings.

Right here’s one other technique to obtain ‘ang baos’ all 12 months spherical – via these 5 Singapore shares with dependable dividends, in accordance with The Sensible Investor.

1. Boustead Singapore Restricted

Boustead Singapore Restricted, or BSL, operates throughout 4 key divisions: power engineering, actual property, geospatial expertise, and healthcare. Its constant free money move technology has made it a dependable payer of dividends.

From fiscal 2018 to FY2020, annual dividends stood at S$0.03, rising to S$0.04 from FY2021 to FY2023. Moreover, a particular dividend of S$0.04 per share was paid out in FY2021.

Latest financials for 1H FY2024 present promising outcomes, with income hovering by 49% 12 months on 12 months to S$367.9 million and core web revenue leaping by 89% to S$25.8 million.

2. United Abroad Financial institution Ltd

United Abroad Financial institution, or UOB, is Singapore’s third-largest financial institution and has a historical past of constant dividend payouts. The financial institution’s interim dividend for 1H 2023 stood at S$0.85, greater than the earlier 12 months’s S$0.60.

UOB’s dividend has been on a gradual rise since 2020, reaching S$1.35 per share in 2022. The financial institution reported a 5% year-on-year improve in core web revenue to S$1.5 billion for 3Q 2023, indicating a possible for additional dividend will increase.

3. NetLink NBN Belief

NetLink NBN Belief performs a vital function in Singapore’s broadband infrastructure. With a coverage to distribute 100% of its money out there for distribution, the belief has seen its distribution per unit (DPU) steadily rise over time.

FY2021 noticed a DPU of S$0.0508, rising to S$0.0524 in FY2023. The belief’s latest 1H FY2024 financials present a slight improve in DPU to S$0.0265.

4. Sheng Siong Group Ltd

Sheng Siong is a outstanding grocery store chain in Singapore identified for its big selection of merchandise. Regardless of the challenges posed by the pandemic, Sheng Siong has maintained its status as a dependable dividend payer.

Annual dividends elevated from S$0.034 in 2018 to S$0.0622 in 2022. Though the interim dividend for 1H 2023 was barely decrease at S$0.0305 in comparison with the earlier 12 months, the retailer’s resilient earnings recommend potential for a beautiful last dividend.

5. Credit score Bureau Asia

Credit score Bureau Asia gives credit score and danger data options to varied purchasers, together with banks and multinational firms.

The corporate reported a resilient set of earnings for 1H 2023, with income rising by 12.3% year-on-year to S$26.4 million and web revenue bettering by 15.6% to S$10.7 million.

With a constant interim dividend of S$0.017 and a complete dividend payout of S$0.034 for 2021 and 2022, Credit score Bureau Asia reveals reliability in rewarding its traders.

These Singapore shares provide traders the chance to obtain constant dividends, akin to receiving ‘ang baos’ all year long.

Nonetheless, traders ought to bear in mind to conduct thorough analysis and contemplate their funding objectives and danger tolerance earlier than including these shares to their portfolios. /TISG

Learn additionally: Enhance your revenue with these 3 dividend-paying shares to maintain you funded via Feb 2024