Forget Santa Claus. These three blue-chips are delivering real money this December — but only two are funding dividends from actual profit growth.

ST Engineering (SGX: S63): Paying on 5 December 2025

ST Engineering is a story of how portfolio optimisation can directly benefit shareholders. The global technology and engineering group will pay a dividend of S$0.04 per share in December, part of a total S$0.23 per share expected for FY2025. There’s more. The real story lies in the S$594 million cash proceeds from divesting non-core assets including LeeBoy, SPTel, and CityCab. Yes, there’s also the iDirect impairment which stung with S$689 million in losses, but management’s willingness to clean house and refocus the group suggests portfolio discipline. With the cash proceeds, another special dividend of S$0.05 per share has been declared, signalling confidence in its underlying business. For the first nine months of 2025 (9M’25), revenue climbed 9% year on year to S$9.1 billion, with all three segments contributing....