Finding companies that pay consistent dividends over the years isn’t easy.
A multitude of factors such as the economic climate, competition and bad management can lead to businesses eliminating their dividends to conserve cash.
Last week, we featured one company, Singapore Exchange Limited (SGX: S68), that has paid dividends without a pause for two whole decades.
Engineering conglomerate Boustead Singapore Limited (SGX: F9D), or BSL, is another company with a long track record of consistent dividend payments.
The 193-year old company is one of the oldest in Singapore and was started by Englishman Edward Boustead.
I have owned BSL for 15 years and always look forward to the twice-yearly dividend payments that come into my bank account.
That said, investing is about the future and not the past.
Does BSL still qualify as an attractive investment?
A 17-year dividend streak
BSL has chalked up an enviable record of 17 consecutive years of dividend payments....