Of the 30 blue-chip stocks that make up the benchmark Straits Times Index (SGX: ^STI), Singapore Exchange Limited (SGX: S68), or SGX, can be considered one of the most resilient. The bourse operator not only enjoys a natural monopoly but has also slowly evolved from being just an exchange for stocks and bonds to a multi-asset exchange over the years. Apart from being a dependable business to rely on during good times and bad, the group is also well known for being a reliable dividend payer. SGX has paid out a dividend every single year since its fiscal 2001 (FY2001), and its dividend per share has increased from S$0.055 back then to the current S$0.32 for FY2022 (ending 30 June 2022). Despite the increase over the years, the bourse operator’s dividend has stayed stagnant for almost three consecutive years at S$0.32 after SGX raised it from S$0.30 back in FY2018 and FY2019....