DBS Group (SGX: D05)
DBS needs no introduction with Singaporeans recognising it as the country’s largest bank. The lender offers a comprehensive range of banking, insurance, and investment services to both individuals and corporations. DBS released a sparkling set of earnings for 2023 with its total income boosted by higher global interest rates. Its net interest income shot up 33% year on year for 2023 to S$14.3 billion. With fee income rising by 9% year...Many investors purchase blue-chip stocks for their portfolio because of their strong brand names and long track records.
This group of stocks act as a bedrock of stability during tough times as they have been through different economic cycles.
There is more, though.
Most blue-chip stocks also pay out a dependable dividend that income investors will love.
We feature five Singapore blue-chip stocks that dish out quarterly dividends so that you can enjoy a stream of passive income flowing into your bank account every three months.