I like to look out for companies that increase their dividends yearly on a consistent basis.
Such companies usually signal to the market that they have great underlying businesses.
On that note, let’s look at three companies that made shareholders cheer by raising their dividends in their latest quarters.
TL;DR: 3 Dividend Champions
DBS Group increased its final dividend for the 2019 fourth-quarter by 10% to S$0.33 per share Micro-Mechanics’s interim dividend rose 25% to 0.5 Singapore cents per share Final dividend at VICOM climbed 4.8% to 24.29 Singapore cents per share Company #1: DBS Group Holdings Ltd (SGX: D05)
DBS Group is one of three major banks in Singapore and is also one of the biggest financial services group in Asia, with more than 280 branches across 18 markets.
DBS has been increasing its dividends steadily (excluding any special dividend) over the past few years, and it didn’t