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10 Companies That Have Raised Dividends Amid Dividend Cuts by Others
By Seedly  •  September 2, 2020
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....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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