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Looking for Dividend Ang Pows? 5 Singapore Stocks That Pay Reliable Dividends
By The Smart Investor  •  February 12, 2024
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...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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