Blue-chip stocks are favorites among investors, not only because they can withstand economic downturns, but because they also have the potential for growth even when times are tough.
These characteristics make them foundational in many investors’ portfolios.
An added advantage is that a lot of these stocks offer dividends, providing a reliable source of passive income.
What’s even more favorable is when these dividends increase over time, as it allows investors to stay ahead of inflation.
Here, we take a closer look at four appealing Singapore blue-chip stocks that have recently increased their dividends.
DBS Group (SGX: D05)
When it comes to market capitalization, DBS holds the title as Singapore’s largest bank.
The bank delivered a strong set of results for 2024, largely thanks to higher interest rates which boosted its performance.
In 2024, the net interest income from its commercial book went up by 5% year over year, reaching S$15 billion.
Meanwhile, net fee and commission income from its commercial book saw a significant 23% increase compared to the previous year, totaling S$4.2 billion.
