In the midst of a muted outlook for the economy, many Singapore-listed companies have been forced to cut their dividends.

The more prominent ones are the local banks of DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11).

They were popular among yield-hungry investors, with dividend yields upwards of 4% on average.

But the trio of banks was made to cut dividends following a call by the Monetary Authority of Singapore (MAS) as a pre-emptive measure.

Despite all the doom and gloom, not all companies have been dealt with a dividend-cutting fate.

There have been some that have been consistent with their dividend payments, while some have even raised them.

A company that can maintain its dividend at the very least amid an economic downturn could signal to the market that it has a strong business or a positive outlook.

And investors can look into such stocks to consider investing in for their portfolio.