It’s not often that you encounter a company that offers a mix of growth and dividends.
Especially during a pandemic that has depressed Singapore’s growth to its lowest since independence.
Singapore Exchange Limited (SGX: S68), or SGX, is one such company, plus it is also part of the Straits Times Index’s (SGX: ^STI) 30 components.
The company’s inclusion in the index means that it is considered to be a blue-chip company.
SGX has the advantage of being a digitally-led business that owns and operates an online platform for the buying and selling of securities.
Hence, the business has emerged relatively unscathed during this crisis, as its services are deemed to be “essential”.
For the fiscal year ended 30 June 2020, SGX reported a sparkling set of earnings.
Revenue increased by 16% year on year to S$1.05 billion, while net profit after tax jumped by 21% year on year to S$472 million.
A final quarterly dividend of S$0.08 was declared...