Investors constructing a portfolio often face a perceived trade-off between generating income and achieving capital growth.
Typically, high-dividend stocks are linked to slower expansion, as rapidly growing companies prefer to reinvest profits rather than pay them out to shareholders.
However, some enterprises successfully accomplish both objectives.
1. DBS Group Holdings (SGX: D05)
DBS is a well-known financial institution in Singapore.
The bank's revenue streams are mainly derived from consumer and corporate banking, along with wealth management services.
In 2025, the bank reported total income of S$22.9 billion, marking a 3% increase from the previous year. Net profit reached S$11.0 billion, representing a robust return on equity (ROE) of 16.2%.
This indicates a high level of profitability.
The growth in total income for 2025 was primarily driven by a 4% increase in the consumer banking and wealth management segment, which rose to S$10.5 billion.
Conversely, the institutional banking segment experienced a 3% decline in total income to S$8.9 billion.
Despite ongoing investments in technology and business expansion, DBS has continued to reward its shareholders generously.
The total dividend for 2025 was S$3.06 per share, a significant 37.8% increase from the S$2.22 per share paid in 2024.
Furthermore, DBS maintained a fully phased-in CET-1 capital ratio of 15%, providing the financial flexibility to pursue growth initiatives without reducing dividend payments.
2. Singapore Exchange Ltd (SGX: S68)
Singapore Exchange (SGX), which operates the nation's securities and derivatives markets, has also demonstrated a capacity for both profit growth and consistent dividend distribution.
Its revenue is generated from securities trading, financial data services, and company listing fees.
For the first half of fiscal year 2026 (ending 31 December 2025), SGX reported operating revenue of S$736.2 million, a 7.9% year-on-year increase.
The equities (cash) segment was the strongest performer, with revenue jumping 16.2% year-on-year to S$226.1 million.
Revenue from fixed income, currencies, and commodities grew 14% to S$197.1 million, while equities (derivatives) revenue decreased by 5.2% to S$182.4 million.
The platform and other services segment contributed S$130.6 million in revenue, up 6.8% from the previous year.
However, net profit after tax saw a modest 0.8% increase to S$342.7 million, mainly due to a sharp decline in non-operating gains and slightly higher tax expenses.
Importantly, SGX continued to generate strong cash flow, with free cash flow reaching approximately S$328.9 million.
Dividends for the period were raised by 20.8% year-on-year to S$0.2175 per share. The company forecasts a total dividend of S$0.445 per share for FY2026, an 18.7% increase from FY2025's S$0.375 per share.
3. CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust (CICT) is Singapore's largest listed REIT, with a current market capitalisation of around S$17.8 billion.
Its portfolio, valued at S$27 billion at the end of 2025, consists primarily of retail malls and offices located in Singapore, Germany, and Australia.
In 2025, the REIT's revenue increased by 2.1% year-on-year to S$1.6 billion, while net property income (NPI) rose 3.1% to S$1.2 billion.
Portfolio committed occupancy remained strong at 96.9% as of 31 December 2025, supported by active management.
Tenant retention rates for the year were 83.7% for office spaces and 72.7% for retail spaces.
The amount available for distribution in 2025 jumped 14.2% to S$870 million, with distribution per unit (DPU) increasing 6.4% to approximately S$0.1158.
CICT maintained a healthy aggregate leverage ratio of 38.6% and an average cost of debt of 3.2%.
This financial position provides the flexibility to pursue acquisitions and asset enhancement projects while sustaining distributions to unitholders.
4. Mapletree Logistics Trust (SGX: M44U)
As of 31 December 2025, Mapletree Logistics Trust (MLT), Singapore's first Asia Pacific-focused logistics REIT, owned 174 properties across nine key markets.
For the third quarter of FY2025/26 (ending 31 December 2025), gross revenue declined 3.1% year-on-year to S$176.8 million, while NPI decreased 3.3% to S$152.0 million.
This softer performance was attributed to currency headwinds and lost rental income from divested properties, rather than operational issues.
The lower NPI impacted distributions, leading to a 9.3% year-on-year decline in DPU from S$0.2003 to S$0.1816.
Strong leasing demand in Singapore, Japan, and South Korea boosted overall portfolio occupancy to 96.4%, offsetting weaker performance in China. This occupancy rate improved from 96.1% in the previous quarter and 96.3% a year ago.
Excluding China, the REIT achieved a positive rental reversion of 1.7%. In China, the rental reversion rate improved sequentially from -3.0% to -2.2%, indicating early signs of market stabilisation.
Despite near-term challenges, MLT maintained a manageable aggregate leverage ratio of 40.7% and an interest cover ratio of 2.9.
Although macro factors have affected short-term results, the REIT's stable occupancy and sound capital management support its ability to balance future growth with consistent dividend payments.
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