Yes, you read that right.
Small cap stocks can also pay dividends, and handsome dividends to bout.
That said, dividend investors would do well to pay attention to 4 important points for dividend stocks:
- Business Model proves feasible for recurring dividends
- Dividend payouts are not exceeding 100% and sustainable
- Dividend yields should at least be decent >3%
- Dividend growth track record
With the above in mind, we have searched and found 3 small cap stocks on SGX that have increased their dividends for the past 10 years:
#1 Powermatic Data Systems Ltd
Powermatic Data’s revenue was derived primarily from the sale of wireless connectivity products which include Wi-Fi modules, embedded boards and antenna.
- Their 2 business models include sale of proprietary products, OEM ( Original Equipment Manufacturing ) and ODM ( Joint Design Manufacturing).
- The wireless connectivity products are deployed in various industries – security surveillance , outdoor excess points, Wi-Fi connections in transportation business etc.
In FY2020, the key markets of our products are Asia (43% ), USA (33%, Europe (20%) and other regions (4%)....
