Every investor loves receiving a dividend that goes straight into their bank account.
Dividends represent not just a stream of passive income but also act as a tangible return on your investment.
Fortunately, many stocks pay out a dividend, including blue-chip companies and smaller, sturdy businesses.
An income-driven investor will be drawn to these stocks as dividends are not taxed in Singapore, unlike rental income from owning an investment property.
That said, it’s always more attractive to invest in a company that pays rising dividends.
If a company reports growth in its net profit and free cash flows, there is a good chance that it can raise its payout.
Here are five stocks that could potentially increase their dividends this year.
Sheng Siong Group (SGX: OV8)
Sheng Siong is a supermarket operator with 68 stores located around Singapore.
The group sells a wide variety of goods including fresh and dry foods, household items, and necessities....