The Lunar New Year has arrived, bringing in the festive cheer as we celebrate with family and friends.
This joyous occasion involves the exchange of red packets, or ang pows, filled with money to symbolise prosperity.
The stock market can also provide such ang pows in the form of dividends.
By adding dividend-paying stocks to your portfolio, you can enjoy a source of passive income that will supplement your earned income.
Here are five Singapore stocks that dish out dependable dividends.
Boustead Singapore Limited (SGX: F9D)
Boustead Singapore Limited, or BSL, is a conglomerate with four key divisions – energy engineering, real estate, geospatial technology, and healthcare.
The engineering group has been a consistent payer of dividends because of its consistent free cash flow generation.
Annual dividends stood at S$0.03 from fiscal 2018 (FY2018) to FY2020 and increased to S$0.04 from FY2021 to FY2023.
A special dividend of S$0.04 per share was also paid out in FY2021 in line with the...