All eyes are on the crop of blue-chip stocks as they ready themselves for the earnings season.
Investors will be curious to know how these billion-dollar companies are coping with the twin worries of high inflation and surging interest rates.
As you scrutinise their financial numbers, you should keep a close watch on the net profits and free cash flow that each business generates.
Many blue chips have a practice of raising their dividends to reward shareholders if they report a higher year on year net profit.
For income-driven investors, such an announcement will be music to their ears.
Let’s review five of these blue-chip names to determine if they have what it takes to increase their dividends.
DBS Group (SGX: D05)
DBS needs no introduction, being Singapore’s largest bank by market capitalisation.
The lender has reported a stellar set of earnings for 2022 as higher interest rates helped to boost its net interest income....