Earnings season is a period you should look forward to if you are an income investor.
As companies and REITs announce their financial results, many will also declare dividends that act as a stream of passive income going straight into your bank account.
The current earnings season is no different, though it comes with a positive spin this round.
Call it a belated Lunar New Year “Ang Pow” if you will, but some blue-chip companies have declared special dividends as they report their 2022 earnings.
Despite facing tough macroeconomic conditions, these stocks have witnessed strong business growth and can afford to reward their shareholders with higher payouts.
Here are four Singapore blue-chip stocks that are doling out a special dividend.
DBS Group (SGX: D05)
Singapore’s largest bank, DBS Group, is one of the big beneficiaries of higher interest rates.
The lender saw its 2022 net profit hit a new record high of S$8.2 billion when it reported its results early last month....