Everyone loves receiving dividends. And it’s even better if these dividends increase over time. The COVID-19 pandemic has, however, thrown a huge curveball at a wide swath of companies. Despite the difficult conditions, there has been a surprising number of companies that still managed to not just post a higher year on year profit, but have also increased their dividends in tandem. Here are five companies that raised their dividends.

Riverstone Holdings Limited (SGX: AP4)

Riverstone is a manufacturer of nitrile and natural rubber cleanroom gloves used for the healthcare and semiconductor industries, respectively. Demand has soared for nitrile gloves due to the pandemic, with Riverstone reporting a record set of earnings for its fiscal year 2020 (FY 2020). Revenue surged 85% year on year to RM 1.8 billion, while net profit soared almost five-hold from RM 130.4 million to RM 647.3 million. A final dividend of RM 16 sen and a special dividend of RM 4 sen were declared, bringing total dividends for FY 2020 to RM 22 sen....