2022 was a strong year for Singapore Technologies Engineering (SGX: S63), or STE. The blue-chip engineering and technology group clinched a total of S$13.1 billion in contracts last year, lifting its order book higher by 31% year on year to $S$23 billion. The group’s contract-grabbing momentum has continued into this year as it recently announced a S$430 million contract win for providing rail services in Kaohsiung, Taiwan. Parked under its Urban Solutions division, STE will commence the project in mid-2023 and will complete it by 2030, adding to the division’s impressive global track record of 200 smart metro projects in more than 50 cities. This contract win should contribute positively to STE’s top line from this year onwards. Income-seeking investors, though, will be curious to know if the engineering conglomerate has room to raise its dividends. STE had just raised its annual dividend recently to S$0.16 from S$0.15 and is now paying out a quarterly dividend of S$0.04....