Grand Venture Technology (SGX: JLB)
Grand Venture Technology, or GVT, is a solutions and services provider for the manufacture of complex precision machining, sheet metal components, and mechatronic modules. The group owns manufacturing plants in Singapore, Malaysia, and China. GVT reported a robust set of earnings for 2024 with revenue leaping 43.3% year on year to S$159.5 million. All three of the group’s divisions enjoyed year-on-year revenue increases. Net profit for the group soared 96.4% year on year to S$10.9 million....Dividends are the key to helping you enjoy a secure and comfortable retirement.
This inflow of passive income is a good way to augment your active income and support your lifestyle as you enter your golden years.
However, it’s important to look for stocks that can consistently raise their dividends to keep ahead of inflation.
By owning such companies, you can see your dividend income steadily increase over the years.
Here are four Singapore stocks that raised their dividends sharply during the recent earnings season.