Blue-chip stocks are a favourite with investors for a great reason – they are storied names that provide stability and a good night’s sleep.
They are so-named because of their size and reputation, both of which stand them in good stead to weather a possible recession.
Of course, not all blue-chip companies rank the same.
Some have fallen on hard times in recent years while others continue to do well.
As an investor, you should focus on those that not only deliver a steady dividend but also have promising growth prospects.
Here are five such blue-chip stocks that can supply your portfolio with an attractive mix of growth and yield.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT that owns a portfolio of 141 properties worth S$8.8 billion as of 30 June 2022.
Slightly more than half of its portfolio’s value comprises data centres while the rest consists of business parks, flatted factories, and Hi-Tech buildings....