4 Promising Singapore Stocks That Could Increase Their Dividends

The Smart Investor10-03

[ Share Facebook Twitter LinkedIn Email WhatsApp Income investors focus their attention on stocks that pay out dividends. These dividends act as a stream of steady passive income that ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472468197?lang=en_US&edition=fundamental","thumbnail":"https://thesmartinvestor.com.sg/wp-content/uploads/2024/10/Centurion-Westlite-Toh-Guan-300x200.png","is_english":true,"pubTime":"2024-10-03 07:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472468197","market":"sg","top_or_hot":-1,"title":"4 Promising Singapore Stocks That Could Increase Their Dividends","media":"The Smart Investor","content":"<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nIncome investors focus their attention on stocks that pay out dividends.\nThese dividends act as a stream of steady passive income that ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-promising-singapore-stocks-that-could-increase-their-dividends-2/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Promising Singapore Stocks That Could Increase Their Dividends</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Promising Singapore Stocks That Could Increase Their Dividends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/4-promising-singapore-stocks-that-could-increase-their-dividends-2/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nIncome investors focus their attention on stocks that pay out dividends.\nThese dividends act as a stream of steady passive income that ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-promising-singapore-stocks-that-could-increase-their-dividends-2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIY.SI","symbol_name":"奕丰集团","start_time":0,"source_url":"https://thesmartinvestor.com.sg/4-promising-singapore-stocks-that-could-increase-their-dividends-2/","article_id":"2472468197","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2024/10/Centurion-Westlite-Toh-Guan-300x200.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472468197","pubTimestamp":1727911800,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Looking for more dividends? These four stocks could be the next in line to up their dividend payments.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIY.SI":"奕丰集团","BK6014":"特种房地产投资信托","BK6133":"工业房地产信托","BK6512":"房地产股","BK6503":"金融科技概念","BK6131":"数据中心房地产信托","BK6139":"房地产运营公司","BK6052":"资产管理与托管银行","G50.SI":"GB控股","BK6065":"建筑机械与重型卡车","BK6505":"周期性消费品与消费者服务","CFA.SI":"NikkoAM-STC Asia REIT","BK6110":"房地产经营公司","BK6082":"工业房地产投资信托","DCRU.SI":"DigiCore Reit USD","BWCU.SI":"运通网城","OU8.SI":"胜捷企业有限公司"},"translate_title":"4只有望增加股息的新加坡股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OU8.SI":1,"G50.SI":1,"DCRU.SI":1,"AIY.SI":1,"CFA.SI":0.9,"BWCU.SI":0.9},"content_text":"[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nIncome investors focus their attention on stocks that pay out dividends.\nThese dividends act as a stream of steady passive income that can supplement your earned income.\nEventually, these dividends will increase to a point where they can comfortably cover your expenses, allowing you to enjoy financial independence.\nTo do so, you need to turn your attention to companies that raise their dividends over time.\nHere are four promising candidates that could be poised to up their dividend payouts.\nCenturion Corporation (SGX: OU8)\nCenturion Corporation owns, develops and manages specialised accommodation assets for workers and students in Singapore, Malaysia, Australia, the US, the UK, and China.\nThe group’s portfolio comprises 32 accommodation assets totalling 66,495 beds as of 30 June 2024.\nThe group reported a strong set of earnings for the first half of 2024 (1H 2024).\nRevenue jumped 27% year on year to S$124.4 million while gross profit climbed 34% year on year to S$94.1 million.\nNet profit leapt more than three-fold year on year to S$118.2 million, aided by fair value gains on investment properties.\nExcluding these one-off gains, core net profit for Centurion surged 48% year on year to S$53.4 million.\nThe group declared an interim dividend of S$0.015, a sharp 50% year-on-year increase from the S$0.01 paid out a year ago.\nThere could be more growth ahead for the business.\nManagement intends to enhance project returns through asset enhancement initiatives (AEIs) for its assets and grow its accommodation business through strategic acquisitions.\nSingapore should add around 5,400 beds by 2026 from the redevelopment of two properties while Malaysia’s AEIs will add 920 this year and another 2,690 beds in 2025.\nIn early September, Centurion formed two joint ventures in China to retrofit, renovate, and manage build-to-rent residential accommodation in Xiamen, contributing to the group’s asset-light strategy.\nCenturion paid out just 24% of its earnings as a dividend for 1H 2024, demonstrating significant room to increase its dividend should its earnings rise in tandem.\nDigital Core REIT (SGX: DCRU)\nDigital Core REIT, or DCR, is a data centre REIT with a portfolio of 10 data centres across Europe, the US, and Canada.\nThe REIT’s assets under management stood at US$1.4 billion as of 30 June 2024.\nDCR reported a downbeat set of earnings for 1H 2024 with revenue tumbling 9.6% year on year to US$48.3 million because the REIT sold off two properties in January this year.\nNet property income fell 13.4% year on year to US$30.4 million.\nDistribution per unit (DPU) slid 6.3% year on year to US$0.018.\nDCR could see finance costs start to ease as interest rates have begun to decline with the US Federal Reserve initiate its first rate cut of 0.5 percentage points since 2020.\nMeanwhile, the REIT also announced the acquisition of an additional interest in a Frankfurt data centre.\nThe manager expects to purchase an additional 10% interest in the asset to add to its existing 49.9% stake.\nBased on this stake, DCR estimates that DPU will rise by approximately 1.7%.\niFAST Corporation Limited (SGX: AIY)\niFAST Corporation is a financial technology company that operates a platform for the buying and selling of equities, unit trusts, and bonds.\niFAST released a sparkling set of earnings for its second quarter of 2024 (2Q 2024).\nNet revenue surged by 93% year on year to S$61.4 million while operating profit shot up nearly fourfold year on year to S$20.2 million.\nThe fintech’s net profit for 2Q 2024 leapt 346.1% year on year to S$16 million.\niFAST increased its second interim dividend from S$0.01 to S$0.015 as its assets under administration hit a new record of S$22.37 billion as of 30 June 2024.\nFor its 1Q 2024, the fintech also upped its interim dividend by 30% year on year to S$0.013.\nManagement believes its Hong Kong ePension contract will be an important growth driver for this year and the next.\nWith the two dividend increases under its belt, the group looks well-positioned to increase its third interim dividend above what it paid the previous year if it can continue to post year-on-year improvements in its net profit.\nElsewhere, iFAST’s digital bank is also set to become an important growth driver for the group in 2025 and beyond.\nGrand Banks Yachts (SGX: G50)\nGrand Banks Yachts, or GBY, is a manufacturer of luxury recreational motor yachts under the Grand Banks, Eastbay, and Palm Beach brands.\nThe group owns a manufacturing yard at Pasir Gudang, Johor, and owns service yards in the US and Australia.\nGBY reported a strong set of results for its fiscal 2024 (FY2024) ending 30 June 2024.\nRevenue rose 17.1% year on year to S$133.7 million with gross profit climbing nearly 38% year on year to S$50.7 million.\nNet profit more than doubled year on year to S$21.4 million and represented a new record for the yacht builder.\nThe group declared a final dividend of S$0.01, unchanged from a year ago.\nHowever, FY2024’s total dividend came up to S$0.015, which was 50% higher than what was paid out in FY2023.\nGBY recently completed its new single-storey facility at its Pasir Gudang yard which will increase the usable floor space by 25%.\nNew machinery brought in will help the group to enhance capacity, build larger and more energy-efficient yacht models, and reduce deliver time.\nManagement is optimistic about the outlook for the luxury yacht market as the group’s strong orders provides a buffer against short-term headwinds such as supply chain disruptions and the outbreak of war.\nShould GBY continue this financial performance, we could see the yacht manufacturer pay out more in dividends for FY2025.\nBoost your portfolio’s returns with 5 SGX stocks that promise both stability and steady growth. We bring you the names of these rock-solid stocks, including why they could drive massive dividends over the next few years. If you’re looking to invest for retirement, this guide is a must-read. Click HERE to download now.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Royston Yang owns shares of Digital Core REIT and iFAST Corporation.\n\n\n\nYahoo\n]","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472468197"}