We look at the share price performance of three Singapore blue-chip companies that have a history of paying out consistent dividends.
What happened?
The REIT sector has been under pressure in the past two years because of the sharp hike in interest rates.
As a result, we were only able to find a few REITs that managed to raise their dividends in 2023.
This turbulence has pushed many investors to seek out strong, stable stocks that act as buffers for their portfolios.
Blue-chip stocks qualify as suitable anchors to help to stabilise a portfolio’s performance.
These stocks are known for their long track record, strong brand franchise, and experience in dealing with different economic conditions.
As a bonus, some blue-chip stocks also dish out a consistent dividend.
Earlier, we shared a list of three Singapore blue-chip stocks that have a track record of paying out consistent dividends to shareholders.
This would include ST Engineering, Venture Corp and Singapore Exchange (SGX)....