Dividend investing is one great way to build an additional stream of passive income to supplement one’s lifestyle. If you are an income investor looking to receive a consistent stream of dividends, you want to be able identify companies that don’t just pay stable dividends, but also have the potential to increase them every year. Over the long term, this can help you achieve a double-digit yield!
So how do you pick the best dividend-growth stocks for your portfolio? Here are five steps to help you pick the best dividend-growth stocks — using Sheng Siong Group as an example to illustrate the steps.
Step 1: Business must be stable and resilient
If you invest in a company for steady dividends, you want its business model to remain resilient in the long run — even during recessions.
Since its listing on the Singapore Exchange in August 2011, Sheng Siong Group has grown to become one of...