Blue-chip stocks offer investors stability in a world rocked by macroeconomic troubles and geopolitical concerns. This group of stocks enjoy a long track record of braving through different economic conditions. During this earnings season, we looked at the crop of blue-chip stocks to filter out those that have performed well despite the challenges. Here are four blue-chip stocks that not only managed to post higher profits but also increased their dividends at the same time.

DBS Group (SGX: D05)

DBS Group is Singapore’s largest bank by market capitalisation. The lender reported a strong set of results to cap off an excellent 2023 as rising interest rates boosted its net interest income. For 2023, net interest income for its commercial book division jumped 33% year on year to S$14.3 billion. Coupled with a 9% year-on-year increase in net fee and commission income, DBS’s total income rose 22% year on year to S$20.2 billion. Expenses only increased by 14% year on year, thereby allowing operating profit to improve...