Blue-chip stocks form the bedrock of many investors’ portfolios because of their stability and dependability. The great news is that most of them also pay a dividend. Hence, investors can enjoy the best of both worlds – steady capital appreciation due to underlying business growth along with a steady stream of passive income. Here are three reliable Singapore blue-chip stocks that not only pay out dividends but also sport attractive dividend yields of 5.4% and above.

OCBC Ltd (SGX: O39)

OCBC is Singapore’s second-largest bank and provides a comprehensive range of banking, investment, and insurance services. The lender announced a sparkling set of earnings for the first half of 2024 (1H 2024), boosted by surging interest rates. Total income grew 7% year on year to S$7.3 billion on the back of a 3% year-on-year increase in net interest income to S$4.9 billion. Non-interest income jumped 15% year on year to S$2.4 billion because of higher trading income and higher earnings...