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3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income

If you are looking for a reliable source of dividend income, these three stocks could be the ones for you.

3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income

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recommendations.","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/326211596271944","repostId":2450616798,"repostType":2,"repost":{"id":"2450616798","kind":"highlight","pubTimestamp":1720662962,"share":"https://www.laohu8.com/m/news/2450616798?lang=&edition=full","pubTime":"2024-07-11 09:56","market":"sg","language":"en","title":"3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income","url":"https://stock-news.laohu8.com/highlight/detail?id=2450616798","media":"The Smart Investor","summary":"If you are looking for a reliable source of dividend income, these three stocks could be the ones for you.","content":"<html><head></head><body>Dividends can be said to be the gift that keeps giving.There is no better feeling than receiving a dividend that goes straight into your bank account.That said, income investors need to select stocks that pay out dependable dividends.This is especially so if you intend to rely on these businesses to supply you with a steady stream of dividends when you retire.Here are three Singapore stocks with attractive attributes that should ensure you receive a reliable stream of passive income.<h2 id=\"id_773395733\">Haw Par Corporation (SGX: H02)</h2>Haw Par is a conglomerate with four distinct divisions – healthcare, leisure, property, and investments.The group’s healthcare division is the main revenue generator and is represented by the famous Tiger Balm brand of salves and ointments.For 2023, Haw Par pulled off a commendable financial performance as its Healthcare division saw a recovery as more sporting activities resumed around the world.Revenue climbed 27.4% year on year to S$232.1 million.The Healthcare division made up 92% of the group’s revenue at S$213.5 million for 2023, a 30% year-on-year increase from S$164 million a year ago.Segment profit shot up 63.1% year on year to S$64.8 million.Net profit for Haw Par rose 46% year on year to S$216.6 million.The conglomerate has an excellent track record of free cash flow generation.For 2023, Haw Par generated a positive free cash flow of S$54.9 million, more than double the S$21.2 million that was churned out in the prior year.The group’s cash flow is also aided by the receipt of dividends from its investments in United Overseas Bank (SGX: U11) and UOL Group (SGX: U14).For 2023, Haw Par received a dividend income of S$136.2 million, higher than the S$103.6 million received a year ago.The conglomerate raised its annual dividend from S$0.30 to S$0.40 in 2023 and has been paying out dividends consistently since at least 2010.Back then, the annual dividend was just S$0.20 per share but the group also paid out a special S$0.85 dividend to celebrate its 80th anniversary back in 2018.Haw Par’s consistent free cash flow generation and the strength of the Tiger Balm brand should enable the group to keep paying out increasing dividends over time.<h2 id=\"id_3983706454\">Sheng Siong (SGX: OV8)</h2>Sheng Siong is a supermarket operator with a chain of 70 outlets around Singapore.The group sells a wide assortment of products including live and chilled produce (seafood, meat and vegetables) as well as daily necessities, general merchandise, and toiletries.Sheng Siong is a major player in Singapore’s retail scene and its supermarkets are located in heartland areas which see healthy shopper traffic.The group reported a respectable set of earnings for 2023 with revenue inching up 2.1% year on year to S$1.37 billion.Operating profit, however, dipped slightly by 4.2% year on year to S$155.4 million.Sharply higher finance income helped the retailer to eke out a tiny 0.3% year on year increase in net profit to S$133.7 million.Sheng Siong also generated a positive free cash flow of S$166.9 million, 5.6% higher than the S$158 million churned out last year.The group declared a final dividend of S$0.032 for 2023, taking the total dividend for the year to S$0.0625, slightly higher than the previous year’s S$0.0622.The positive momentum has carried forward to the first quarter of 2024 (1Q 2024).Sheng Siong’s revenue grew 5.5% year on year to S$376.2 million while its operating profit improved by 8.3% year on year to S$42.1 million.Net profit increased by nearly 9% year on year to S$36.3 million.The supermarket operator’s free cash flow soared 148.6% year on year to S$34.5 million.With Sheng Siong’s consistent store expansion and reliable free cash flow generation, the group is a great candidate for providing dependable retirement income.<h2 id=\"id_1581345593\">ComfortDelGro Corporation (SGX: C52)</h2>ComfortDelGro Corporation, or CDG, is one of the largest land transport operators in the world with a presence in 12 countries.The group operates a fleet of 34,000 buses, taxis and rental vehicles along with 210 km of rail network in operation or under development.For 2023, CDG saw revenue edge up 2.6% year on year to S$3.9 billion.Total operating costs increased by 2.8% year on year, resulting in operating profit inching up just 0.8% year on year to S$272.1 million.Net profit increased by 4.3% year on year to S$180.5 million.Free cash flow came in at S$70.6 million, though this was significantly lower than the S$297.7 million generated in the previous year.CDG’s 2023 core dividend was 44.5% higher than 2022 at S$0.066 compared with S$0.0461 in the prior year. Investors should note that 2022 included a special dividend of S$0.0387.CDG has continued its positive financial streak with its 1Q 2024 earnings.Revenue rose 10.8% year on year to S$1 billion because of higher contributions from the public and private transport divisions.Net profit leapt 23.8% year on year to S$40.6 million.CDG is continuing with its acquisitions with the purchase of UK-based CMAC Group, a ground transport management specialist, for £80.2 million back in February 2024.With the group’s clout and scale, income investors can rest assured that CDG can continue paying out sustainable dividends.</body></html>","source":"thesmartinvestor_highlight","collect":0,"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>3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income</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{ 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}\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\">\n3 Singapore Dividend Stocks That Can Supply You with Dependable Retirement Income\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-11 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-that-can-supply-you-with-dependable-retirement-income/>The Smart Investor</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nDividends can be said to be the gift that keeps giving.There is no better feeling than receiving a dividend that goes straight into your bank account.That said, income investors need to select stocks ...\n\n<a href=\"https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-that-can-supply-you-with-dependable-retirement-income/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC NC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","OV8.SI":"昇菘","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6079":"制药","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","BK6112":"综合性银行","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0918141887.USD":"安联亚洲实际收益股票基金","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002406.SGD":"利安新加坡信托基金","U11.SI":"大华银行","BK6506":"制药与医学研究概念","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","BK6518":"食品和药品零售股","U14.SI":"华业集团","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","H02.SI":"虎豹企业","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","BK6516":"银行与投资服务概念","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","C52.SI":"康福德高企业","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","IE00BSPPW651.USD":"NEUBERGER BERMAN GLOBAL REAL ESTATE SECURITIES \"A\" (USD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD"},"source_url":"https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-that-can-supply-you-with-dependable-retirement-income/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450616798","content_text":"Dividends can be said to be the gift that keeps giving.There is no better feeling than receiving a dividend that goes straight into your bank account.That said, income investors need to select stocks that pay out dependable dividends.This is especially so if you intend to rely on these businesses to supply you with a steady stream of dividends when you retire.Here are three Singapore stocks with attractive attributes that should ensure you receive a reliable stream of passive income.Haw Par Corporation (SGX: H02)Haw Par is a conglomerate with four distinct divisions – healthcare, leisure, property, and investments.The group’s healthcare division is the main revenue generator and is represented by the famous Tiger Balm brand of salves and ointments.For 2023, Haw Par pulled off a commendable financial performance as its Healthcare division saw a recovery as more sporting activities resumed around the world.Revenue climbed 27.4% year on year to S$232.1 million.The Healthcare division made up 92% of the group’s revenue at S$213.5 million for 2023, a 30% year-on-year increase from S$164 million a year ago.Segment profit shot up 63.1% year on year to S$64.8 million.Net profit for Haw Par rose 46% year on year to S$216.6 million.The conglomerate has an excellent track record of free cash flow generation.For 2023, Haw Par generated a positive free cash flow of S$54.9 million, more than double the S$21.2 million that was churned out in the prior year.The group’s cash flow is also aided by the receipt of dividends from its investments in United Overseas Bank (SGX: U11) and UOL Group (SGX: U14).For 2023, Haw Par received a dividend income of S$136.2 million, higher than the S$103.6 million received a year ago.The conglomerate raised its annual dividend from S$0.30 to S$0.40 in 2023 and has been paying out dividends consistently since at least 2010.Back then, the annual dividend was just S$0.20 per share but the group also paid out a special S$0.85 dividend to celebrate its 80th anniversary back in 2018.Haw Par’s consistent free cash flow generation and the strength of the Tiger Balm brand should enable the group to keep paying out increasing dividends over time.Sheng Siong (SGX: OV8)Sheng Siong is a supermarket operator with a chain of 70 outlets around Singapore.The group sells a wide assortment of products including live and chilled produce (seafood, meat and vegetables) as well as daily necessities, general merchandise, and toiletries.Sheng Siong is a major player in Singapore’s retail scene and its supermarkets are located in heartland areas which see healthy shopper traffic.The group reported a respectable set of earnings for 2023 with revenue inching up 2.1% year on year to S$1.37 billion.Operating profit, however, dipped slightly by 4.2% year on year to S$155.4 million.Sharply higher finance income helped the retailer to eke out a tiny 0.3% year on year increase in net profit to S$133.7 million.Sheng Siong also generated a positive free cash flow of S$166.9 million, 5.6% higher than the S$158 million churned out last year.The group declared a final dividend of S$0.032 for 2023, taking the total dividend for the year to S$0.0625, slightly higher than the previous year’s S$0.0622.The positive momentum has carried forward to the first quarter of 2024 (1Q 2024).Sheng Siong’s revenue grew 5.5% year on year to S$376.2 million while its operating profit improved by 8.3% year on year to S$42.1 million.Net profit increased by nearly 9% year on year to S$36.3 million.The supermarket operator’s free cash flow soared 148.6% year on year to S$34.5 million.With Sheng Siong’s consistent store expansion and reliable free cash flow generation, the group is a great candidate for providing dependable retirement income.ComfortDelGro Corporation (SGX: C52)ComfortDelGro Corporation, or CDG, is one of the largest land transport operators in the world with a presence in 12 countries.The group operates a fleet of 34,000 buses, taxis and rental vehicles along with 210 km of rail network in operation or under development.For 2023, CDG saw revenue edge up 2.6% year on year to S$3.9 billion.Total operating costs increased by 2.8% year on year, resulting in operating profit inching up just 0.8% year on year to S$272.1 million.Net profit increased by 4.3% year on year to S$180.5 million.Free cash flow came in at S$70.6 million, though this was significantly lower than the S$297.7 million generated in the previous year.CDG’s 2023 core dividend was 44.5% higher than 2022 at S$0.066 compared with S$0.0461 in the prior year. Investors should note that 2022 included a special dividend of S$0.0387.CDG has continued its positive financial streak with its 1Q 2024 earnings.Revenue rose 10.8% year on year to S$1 billion because of higher contributions from the public and private transport divisions.Net profit leapt 23.8% year on year to S$40.6 million.CDG is continuing with its acquisitions with the purchase of UK-based CMAC Group, a ground transport management specialist, for £80.2 million back in February 2024.With the group’s clout and scale, income investors can rest assured that CDG can continue paying out sustainable dividends.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":33,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}