DBS Group (SGX: D05)
DBS Group is Singapore’s largest bank by market capitalisation and provides a comprehensive range of banking, insurance, and investment services to its customers. The lender is a beneficiary of the current high interest rate environment and recently reported a sparkling set of earnings for 2023. DBS’s total income for 2023 jumped 22% year on year to S$20.2 billion. Its profit before allowances climbed 29% year on year to S$12.1 billion while net profit increased by 23% year on year to S$10.1 billion. In tandem with the strong results, DBS...Blue-chip stocks are favoured by investors for their strong business models, experienced management teams, and long track record.
Such attributes stand them in good stead during downturns as it enables them to remain resilient.
As a bonus, most of the blue-chip stocks also pay out a consistent dividend.
We profile four attractive blue-chip stocks that have a dividend yield of 5.5% or higher.
