OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank and offers a comprehensive suite of banking, insurance, and investment services. The bank has benefitted from the rising interest rate environment over the past two years. Its 2023 net profit jumped 27% year on year to a new record of S$7 billion on the back of a 25% year-on-year increase in net interest income to S$9.6 billion. Total income for last year rose 20% year on year to S$13.5 billion, boosted by a 7% year-on-year rise in non-interest income....Blue-chip stocks are included by many investors as the bedrock of their investment portfolios.
These businesses exhibit stability and offer a measure of certainty that they can weather various economic cycles.
The great news is that most blue-chip stocks also pay out a regular dividend that can form part of an income investor’s passive income stream.
We have lined up three attractive blue-chip stocks that could be the next in line to increase their dividends.
