With the annual general meeting season over last month, it’s no surprise that shareholders have approved the payment of dividends for companies that declared them.
Dividends represent a tangible return on your investment and also constitute a passive income stream that can supplement your retirement.
In particular, blue-chip stocks are well-known for paying out dividends and have also earned a reputation for being sturdy businesses that can weather economic storms.
Income-seeking investors should scour through the blue-chip space to identify good stocks to accumulate based on their recent earnings and dividend declarations.
We present five Singapore blue-chip stocks that are slated to pay out dividends this month.
Singapore Exchange Limited (SGX: S68)
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The group maintains a platform for the buying and selling of securities such as equities, fixed income, and derivatives.
For SGX’s fiscal 2023’s first half (1H FY2023) ending 31 December 2022, revenue rose 10% year on year to S$571 million....