When it comes to dividends, it always seems to be “the more, the merrier”.
There are, however, always other aspects to consider as well when it comes to selecting a good dividend stock.
Comparing two stocks that pay dividends to see which is more attractive can be tough.
That’s because the two companies may be in different industries and engaged in different core businesses, making it difficult to do an “apple to apple” comparison.
Granted, the COVID-19 pandemic has severely crimped many companies’ ability to maintain, or even pay out, a consistent level of dividends.
Sheng Siong Group Ltd (SGX: OV8) and iFAST Corporation Limited (SGX: AIY) are two exceptions.
iFAST’s revenue jumped 25.8% year on year in the previous quarter, while net profit rose 85$ year on year.
Not to be outdone, Sheng Siong reported strong growth in both revenue and net profit for the second quarter of the fiscal year 2020, up 75.8% and 150% year on year, respectively.
Both companies have been paying out regular dividends over the years....