Blue-chip stocks are so named because they are strong, stable businesses that have been through thick and thin. Such businesses provide a safe harbour during an economic storm. During uncertain times, owning blue-chip stocks enables you to sleep well at night as you can be confident that these companies are resilient and well-managed. For income-seeking investors, it’s a bonus if such stocks provide good dividends as well. Here are four blue-chip stocks that sport dividend yields higher than four per cent.
United Overseas Bank Ltd (SGX: U11)
United Overseas Bank, or UOB, is one of Singapore’s three big banks. The lender has a long track record of operation and has been through multiple boom and bust cycles over the decades. Despite the economic slowdown in the past two years, the bank reported a S$4 billion net profit for its fiscal 2021 (FY2021), up 40% year on year. In line with...