Riverstone Holdings (SGX: AP4)
Riverstone is a manufacturer of nitrile and natural rubber cleanroom gloves. The group has six manufacturing facilities in Malaysia, China, and Thailand with an annual production capacity of 10.5 billion gloves. Riverstone reported a downbeat set of earnings for 2023 but provided a positive outlook. 2023’s revenue fell by 27.4% year on year to RM 914.8 million while net profit tumbled by nearly 30% year on year to RM 220.4 million. However, the group saw sequential improvement for its fourth quarter 2023 (4Q 2023) results with net profit surging by 60.7% year on year to RM 67.5 million. The business proposed an ordinary final dividend of RM 0.075 and...Income investors invest to obtain a steady stream of passive income from dividends.
The good news is that Singapore’s stock market has a wide variety of dividend-paying stocks.
These range from blue-chip stocks to REITs and smaller companies with healthy cash flows.
We profile five Singapore stocks that are set to dish out dividends in April.