Everyone has their own reasons for wanting to earn additional income. Maybe you’re looking to cover your daily expenses. Or maybe you are saving up for a major expense sometime down the road. For those close to retirement, additional income will come in handy when it’s time to enjoy your golden years. Investing, if done properly, can help you achieve your financial goals. In particular, receiving dividends from your stocks is a great way to put extra money in your pocket.

At the crossroads of dividend street

In July, the Monetary Authority Singapore (MAS), Singapore’s central bank, called on Singapore banks to cap their dividend payments for 2020. And that’s not all MAS urged banks to do. The regulatory authority also nudged our local banks to offer scrip dividends in place of cash dividends. The reason? To conserve cash and bolster the banks’ reserves. For investors, we are faced with a choice....