Every investor enjoys receiving a dividend.
More so when that dividend grows steadily higher as this means you are receiving a larger stream of passive income as time passes.
The last few months have seen heightened volatility in the stock market as investors react to a combination of high inflation and soaring interest rates.
There are also rumblings of a potential economic slowdown, with Prime Minister Lee Hsien Loong warned that Singapore may face a recession either next year or in 2024.
During tough times, owning a mix of blue-chip stocks will offer stability and peace of mind.
The surprising fact is that several blue-chip companies are reporting better earnings despite dark clouds looming on the horizon.
Here are four with the potential to increase their dividends once they report their fiscal 2022 (FY2022) earnings in February next year.
DBS Group (SGX: D05)
DBS Group is Singapore’s largest bank and provides a comprehensive range of banking services to individuals and corporations....