Good news for investors! Some stocks on the Singapore stock market have increased their dividend payments recently.
This strong performance led to DFI Retail Group’s 2023 dividend increasing to US$0.08 from only S$0.03 the year before. Despite expecting some tough times in 2024 due to higher interest rates and inflation, the company’s management is still optimistic about its future.United Overseas Bank Ltd, Singapore’s third-largest bank, had a standout year in 2023. Thanks to high-interest rates, the bank’s total income shot up by 20% to S$13.9 billion, and its net profit surged by 25% to S$5.
With a positive free cash flow of RM 1.8 billion , IHH Healthcare decided to issue a second cash dividend of RM 0.055 , making the total dividend for 2023 RM 0.186, more than double what was paid out in 2022.