It’s natural for investors to seek stability and reliability when times get tough.
Large, well-capitalised companies with a stellar track record qualify as suitable investment candidates should a downturn hit the economy.
These names may not be blue-chip stocks, but they do possess either a strong franchise/brand or a natural monopoly that enables them to continue generating healthy profits and cash flow.
For income-seeking investors, their focus is on the dividends that such stocks pay out.
A combination of dependability and a high dividend yield are attractive traits that this category of investors seeks.
We throw the spotlight on three billion-dollar businesses that offer dividend yields of 5% or more.
Hong Leong Finance (SGX: S41)
Hong Leong Finance, or HLF, is Singapore’s largest finance company with a network of 28 branches and 12 SME (small and medium enterprises) centres island-wide.
HLF’s core business involves accepting deposits and savings from the public and providing corporate and consumer loans....