Well, I have to admit that I am pleasantly surprised that the very “conservative” management of Haw Par Corporation has decided to increase their interim dividends by a whopping 33.3% from S$0.15 per share to S$0.20 per share. This is an annualised dividend of S$0.40 per share which gives an approximate 4% dividend yield based on its share price of S$10 per share as at 31 August 2023. My venture into Haw Par Corporation has been more of an investment into an undervalued business whose market value is only at 65% of its book value while waiting for the market to crawl up towards its real intrinsic value. With the increase in dividends, it seems to be fitting into my preference for having material recurring income during the wait and I am seriously looking into acquiring more of Haw Par Corp shares into my portfolio.

1. Dividends History and Dividend Yield. 

This is a record high for dividends to be paid out to shareholders....