DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation. The lender has been a stalwart through tough times and pays out a quarterly dividend, the only bank within the trio of local banks to do so. DBS released a stellar set of earnings for its third quarter 2023 (3Q 2023). Total income rose 16% year on year to S$5.2 billion as high-interest rates...Dividends are an investor’s best friend.
Not only do they put cash in your bank account, but they also represent a tangible return on your investment that is independent of the share price.
Luckily, the Singapore stock market is an abundant source of dividend-paying stocks.
That said, investors need to tease out the companies that are consistent payers of dividends and have the bandwidth to increase their payouts in future.
We feature four stocks that have paid out consistent dividends that you may wish to include in your buy watchlist.
