OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank by market capitalisation and offers a comprehensive range of banking, investment, and insurance services. The blue-chip lender had reported a stellar set of earnings for its fiscal 2023’s first half (1H 2023). Surging interest rates benefitted the banks’ net interest income which flowed down to improve its bottom line, with net profit climbing 38% year on year to S$3.6 billion....The earnings season has come to a close as companies report their latest financial results and business updates.
Some of these businesses have raised their dividends in line with better profits and cash flows.
For income-seeking investors, such events are music to their ears as it means they can enjoy an increased flow of passive income into their bank accounts.
The good news is that companies that reported strong numbers may end up raising their dividends further.
We sifted out four companies that appear well-positioned to increase their dividends next year.
