A high dividend yield alone is not a good enough reason to jump in and scoop up shares of a company.
What’s more important is whether the dividend can be sustained moving forward.
After all, if you’re a dividend-focused investor, what you seek is the consistency of passive income that will be paid to you year after year.
A business that has a history of churning out a steady stream of dividends over the years will be perceived as being more reliable and dependable.
These include blue-chip companies with resilient business models that have held steady during this pandemic, as well as smaller businesses that have consistently generated healthy free cash flows.
Here are five dividend-paying stocks that can help you to steadily grow your wealth.
Haw Par Corporation Ltd (SGX: H02)
Haw Par is a conglomerate with four distinct divisions — healthcare, leisure, property, and investments.
Its healthcare division owns the iconic Tiger Balm brand...