Blue-chip stocks are a go-to for investors because they often prove resilient in times of market uncertainty. Plus, many blue-chip stocks sweeten the deal by paying out consistent dividends.DBS Group is recognised as Singapore’s largest bank by market capitalisation, offering various banking, insurance, and investment services. The bank has been riding high on the current high-interest-rate environment, as shown by its earnings report for 2023.
In line with these results, DBS raised its quarterly dividend from S$0.42 to S$0.52, bringing its annualised dividend to S$2.16 per share. With a dividend yield of 6.4%, DBS is rewarding its shareholders and planning a 1-for-10 bonus issue of shares to further enhance shareholder value.CEO Piyush Gupta is optimistic about maintaining the net interest margin in 2024 and anticipates double-digit growth in fee income with the integration of its Citigroup Taiwan acquisition.
Management remains cautious about the Hong Kong central portfolio but expects earnings from development properties to improve with planned project completions in China and Hong Kong.Frasers Centrepoint Trust, a retail real estate investment trust , manages a portfolio of 10 suburban retail malls and an office building.Distribution per unit slipped slightly but still offers a trailing distribution yield of 5.5%.
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