In the world of investing, consistency is a golden trait, especially when it comes to dividends. For income-focused investors, few strategies are as rewarding as finding stocks with a track record of not just paying dividends but growing them consistently – even during difficult economic circumstances (like the COVID-19 pandemic).
The ability of companies to not only continue but, in some cases, increase their dividend during difficult times underscores their operational performance and financial resilience. This aspect becomes particularly significant for investors seeking dependable income streams through dividends. In this article, we highlight five Singapore stocks that have steadily raised/maintained their regular dividends over the last 10 years.
iFast Corporation (SGX:AIY)
| iFAST Corporation | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Dividend Per Share (SGD) | 0.0068 | 0.0279 | 0.0279 | 0.0301 | 0.0315 | 0.0315 | 0.0330 | 0.0480 | 0.0480 | 0.0480 |
iFAST Corporation is a digital banking and wealth management platform based in Singapore. It provides a broad spectrum of investment products and services across Asia to a diverse clientele, including financial advisory firms, financial institutions, and both retail and high-net-worth investors. The company, which also operates in Hong Kong, Malaysia, China, and the UK, offers access to over 21,000 investment products such as funds, bonds, stocks, ETFs, and insurance products.
Jardine Matheson (SGX: J36)
| Jardine Matheson | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Dividend Per Share (USD) | 1.45 | 1.45 | 1.50 | 1.60 | 1.70 | 1.72 | 1.72 | 2.00 | 2.15 | 2.25 |
Jardine Matheson is a diversified Asian-based group with a broad portfolio of market-leading businesses. Operating primarily in Greater China and Southeast Asia, it has interests in a wide range of industries, including motor vehicles, property investment and development, food retailing, home furnishings, engineering and construction, as well as hotels and financial services. Established in 1832, Jardine Matheson has grown from its early trading origins to become a global conglomerate, known for its strong management and long-term investment strategy, focusing on growth markets in Asia.
Parkway Life REIT (SGX: C2PU)
| Parkway Life REIT | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Distribution Per Unit (SGD) | 0.1152 | 0.1179 | 0.1212 | 0.1246 | 0.1287 | 0.1319 | 0.1379 | 0.1408 | 0.1438 | 0.1477 |
Parkway Life REIT is one of Asia’s largest listed healthcare REITs, investing in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. It has a diversified portfolio in the Asia Pacific region, including properties in Singapore, Japan, and Malaysia. The REIT focuses on long-term and stable investment returns, with its assets comprising hospitals, nursing homes, and other healthcare facilities. It’s known for providing investors with regular and stable distributions, underpinned by a strong focus on strategic asset management and proactive investment strategies.
Singapore Exchange (SGX: S68)
| Singapore Exchange | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Dividend Per Share (SGD) | 0.28 | 0.28 | 0.28 | 0.28 | 0.30 | 0.30 | 0.305 | 0.32 | 0.32 | 0.325 |
Singapore Exchange (SGX) is the primary securities trading platform in Singapore, offering a comprehensive suite of services across various asset classes. It facilitates the buying and selling of stocks, bonds, derivatives, and other financial instruments. Recognized for its robust regulatory framework and innovative market solutions, SGX plays a crucial role in connecting investors with growth opportunities in Asia and beyond. It aims to provide a transparent, reliable, and efficient marketplace, supporting the growth of the Singaporean and regional economies.
ValueMax Group (SGX:T6I)
| ValueMax Group | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Dividend Per Share (SGD) | 0.009 | 0.010 | 0.011 | 0.013 | 0.013 | 0.016 | 0.018 | 0.019 | 0.020 | 0.022 |
ValueMax Group, established in 1988, is one of Singapore’s leading pawnbroking chains and gold traders. It provides pawnbroking and secured moneylending services, along with the retail and trading of pre-owned jewellery and gold. With a strong presence, ValueMax has expanded to 47 outlets across Singapore and 21 outlets in Malaysia through associated companies, underscoring its growth and commitment to offering financial solutions.
The fifth perspective
While a solid and consistent dividend track record is impressive, it’s crucial to remember that past performance is not necessarily indicative of future results. Dividend consistency is just one facet of a comprehensive fundamental analysis. Investors should consider a range of factors, including a company’s fundamentals, overall financial health, and broader economic indicators, to make informed decisions.
Final Call! Enrolment to join Dividend Machines closes after 17 March 2024, 11:59PM. If you’re looking for a way to learn how to invest in dividend stocks and REITs and build multiple streams of passive dividend income, then we highly recommend you check out Dividend Machines before applications close! Once the deadline has passed, Dividend Machines will only reopen in 2025. We hope to see you inside!
