Looking to Boost Your Passive Income? 4 Singapore Blue-Chip Stocks Dishing Out Quarterly Dividends
There is something inherently attractive about receiving a dividend that goes straight into your bank account.
Owning dividend-paying stocks allows you to do so with minimal effort apart from tracking and monitoring the health of the underlying business.
Better yet if you own a blue-chip stock that allows you to sleep well at night.
Most dividend stocks make payments on a yearly or half-yearly basis.
Income investors, however, may be looking for more frequent payments that can provide you with more regular inflows that you can choose to save or spend.
We highlight four attractive dividend-paying blue-chip stocks that dish out quarterly dividends.
DBS Group (SGX: D05)
DBS is a household name in Singapore, being the country’s largest bank by market capitalisation.
The lender provides a comprehensive range of banking and investment services to both individuals and corporations.
You may be familiar with DBS and Post Office Savings Bank (POSB), but did you know that the group pays dividends every quarter?
The bank reported a robust set of results for its first half of 2024 (1H 2024) earnings.
Total income rose 11% year on year to S$11 billion on the back of a 6% year-on-year rise in net interest income.
The higher interest rate environment helped DBS to maintain its net interest margin of 2.14% unchanged from a year ago.
Net profit came in at S$5.7 billion, a record high, and was 10% higher than the S$5.2 billion reported in 1H 2023.
DBS declared and paid out a second quarter of 2024 (2Q 2024) dividend of S$0.54, 22.7% above the S$0.44 that was paid a year ago.
For 1H 2024, the total dividend amounted to S$1.08, 31.7% higher than the S$0.82 paid last year.
CEO Piyush Gupta provided a sanguine outlook.
He believes net interest income growth can come in the mid-single-digits range while the bank’s net profit will grow by mid-to-high single-digits year on year.
DBS is set to report its 3Q 2024 earnings on the morning of 7 November.
Singapore Exchange Limited (SGX: S68)
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The group owns and operates a platform for the trading of equities, bonds, derivatives, and other securities.
The bourse operator reported a resilient set of earnings for its fiscal 2024 (FY2024) ending 30 June 2024.
Revenue rose 3.1% year on year to S$1.2 billion while net profit was up 4.7% year on year to S$597.9 million.
Excluding one-off and exceptional items, SGX’s net profit would have risen 4.5% year on year to S$525.9 million.
The group declared a quarterly dividend of S$0.09, up from the prior year’s S$0.085.
Management aims to grow the group’s revenue by between 6% to 8% per annum in the medium term.
The plan is to strengthen the equities market development in Singapore while enhancing connectivity across ASEAN through partnerships and collaborations.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT that owns a portfolio of 56 properties in the US, 83 in Singapore, and one in Japan.
As of 30 September 2024, the REIT’s assets under management amounted to S$8.9 billion.
The REIT recently announced a robust set of earnings for its second quarter of fiscal 2025 (2Q FY2025) ending 30 September 2024.
Gross revenue rose 4.2% year on year to S$181.4 million while net property income increased by 4.6% year on year to S$134.5 million.
With a slight 0.4% year-on-year increase in the number of units due to the distribution reinvestment plan, MIT’s distribution per unit (DPU) saw a smaller 1.5% year-on-year rise to S$0.0337.
For the first half of FY2025, MIT declared a DPU of S$0.068, 1.3% higher year on year.
The industrial REIT also reported solid operating metrics for 2Q FY2025.
The portfolio occupancy rate stood high at 92.9%.
MIT also reported a weighted average rental reversion rate of 10.7% across all its renewal leases.
Singapore Technologies Engineering Ltd (SGX: S63)
Singapore Technologies Engineering, or STE, is a global technology and engineering firm that serves customers in the aerospace, smart city, defence, and public security segments.
The group reported a strong set of earnings for the first half of 2024 (1H 2024).
Revenue rose 13.5% year on year to S$5.5 billion with net profit climbing nearly 20% year on year to S$336.5 million.
The engineering giant declared and paid out an interim dividend of S$0.04 for the quarter, bringing its annualised dividend to S$0.16 per share.
The group snagged total contract wins of S$6.1 billion for 1H 2024, of which the bulk (S$2.6 billion) went to its Defence & Public Security division.
STE’s order book stood at S$27.9 billion as of 30 June 2024, of which S$4.9 billion will be delivered for the remainder of this year.
We’ve discovered 5 SGX stocks that not only offer better returns than fixed deposits but also have the potential to beat inflation. Plus, these stocks provide capital growth and can significantly compound your wealth in the long term. If you’re looking to make your money work harder for you, download our FREE report for details on these five stocks.
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Disclosure: Royston Yang owns shares of DBS Group, Singapore Exchange, and Mapletree Industrial Trust.
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