Many Singaporeans view the Central Provident Fund (CPF) system as a safe place to park their money.
After all, the CPF Ordinary Account (CPF OA) pays an interest rate of 2.5% and is guaranteed by the Singapore government.
In addition, voluntary contributions to the CPF also enable you to claim tax reliefs to reduce your taxable income.
However, some investors may not be satisfied with the return provided by the CPF OA.
If you are more income-oriented, you’d want to look for investments that pay a dividend yield that is higher than what the CPF OA is providing.
Here are three blue-chip companies that have proven to be resilient in the last 12 months and are also paying a yield above 2.5%.
Singapore Exchange Limited (SGX: S68)
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The group operates a platform for the buying and selling of a wide variety of securities such as shares, bonds and derivatives....