Imagine collecting dividend payments every month on top of your regular salary.
The extra cash you have could easily help you pay off common household expenses. And maybe, occasionally, buy yourself or love one a good treat.
It's not a surprise why Singaporean have a strong love for dividends.
However, as savvy investors like you may aware, dividend income is not completely future-proof. Stock fundamentals can deteriorate and dividends can be cut anytime; what seems like a passive income dream can suddenly turn to disappointment.
Although we cannot 100% guarantee that companies will always display good fundamentals and pay steady growing dividends, we can always increase our odds in finding a company with sustainable or growing dividend payments.
That's what our Early Retirement Masterclass trainer, Christopher Ng Wai Chung did. And that's what allowed him to retire at 39 with a passive income of $6,000 - $8,000 a month. You can check him out here if you want to know how he combined high returns with minimal risk to accelerate his own retirement plans so rapidly.
Otherwise, let's dive in!
Here's a list of 18 stocks that have been maintaining or increasing dividends over the past 10 years.
1. Ascendas REIT (SGX:A17U)
- Dividend Growth Rate (CAGR 10 years) = 2.0%
Ascendas Real Estate Investment Trust invests in a diverse portfolio of properties and property related assets. It operates through the following segments: Business and Science Park Properties, and Suburban Offices; Integrated Development, Amenities and Retail Properties; High-Specifications Industrial Properties and Data Centres; Light Industrial Properties and Flatted Factories; and Logistics and Distribution Centres.
2. Frasers Centrepoint Trust (SGX:J69U)
- Dividend Growth Rate (CAGR 10 years) = 3.9%
Frasers Centrepoint Trust is a real estate investment trust, which engages in the investment in income-producing properties used primarily for retail purposes. It operates through the following segments: Causeway Point, Northpoint City North Wing and Yishun 10 Retail Podium, Anchorpoint, YewTee Point, Bedok Point, and Changi City Point.
3. Micro-Mechanics (SGX:5DD)
- Dividend Growth Rate (CAGR 10 years) = 12.8%
- Excluding special dividends: $0.02 (2015), $0.01 (2016, 2017, 2018, 2019)
Micro-Mechanics (Holdings) Ltd. engages in the designs, manufactures, and markets high precision tools, parts, and assemblies for the semiconductor, medical, and aerospace industries. Its products include wire cutter blades, rubber tips, clamps with inserts, and large wire equipment.
4. Powermatic Data Systems (SGX:BCY)
- Dividend Growth Rate (CAGR 10 years) = 17.5%
- Excluding special dividends: $0.02 (2017, 2018), $0.03 (2019)
Powermatic Data Systems Ltd. is an investment holding company, which engages in the design and manufacture of wireless connectivity devices and provision of wireless solutions. It operates through the following segments: Wireless Connectivity products and Freehold Investment Property. The Wireless Connectivity Products segment comprises manufacture, marketing, and distribution of wireless connectivity products. The Freehold Investment Property involves in the lease and maintenance of Harrison Industrial Building.
5. Straco (SGX:S85)
- Dividend Growth Rate (CAGR 10 years) = 12.8%
- Excluding special dividends: $0.005 (2012), $0.0075 (2013), $0.005 (2015), $0.01 (2018)
Straco Corp. Ltd. engages in the development and operation of tourism-related businesses. It operates through the Aquariums and Giant Observation Wheel segments. The Aquariums segment focuses in the operation of aquatic-related facilities and tourist attractions, including sea mammal performances. The Giant Observation Wheel segment involves in the management of a circular giant observation structure, and provision of commercial space.
6. CapitaLand (SGX:C31)
CapitaLand Ltd. is an investment holding company, which engages in the provision of consultancy services. It operates through the following business segments: CapitaLand Singapore, Malaysia and Indonesia (CL SMI), CapitaLand China (CL China), CapitaLand Vietnam (CL Vietnam) and CapitaLand International (CL International). The CL SMI segment involves in the residential, commercial, shopping malls and serviced residence properties development for sale in Singapore, Malaysia and Indonesia. The CL China segment involves in the residential, commercial, shopping malls and serviced residences property development in China. The CL Vietnam segment involves in the residential, commercial and serviced residences property development in Vietnam. The CL International segment involves in commercial, shopping malls and serviced residences property development in Europe, United States of America and Middle East as well as key cities of Asia Pacific excludes Singapore, Malaysia, Indonesia, China and Vietnam. The Others segment includes corporate office and group treasury.
7. Ho Bee Land (SGX:H13)
Ho Bee Land Ltd. is a real estate management and development company. It operates through the Property Investment and Property Development business segments. The Property Investment segment includes investments in properties. The Property Development segment engages in the development and trading in properties.
8. Haw Par (SGX:H02)
- Dividend Growth Rate (CAGR 10 years) = 4.1%
- Excluding special dividends: $0.15 (2015), $0.85 (2018)
Haw Par Corp. Ltd. is a holding company, which engages in the licensing of Tiger trademarks, and owning investments for long term holding purposes. It operates through the following segments: Healthcare, Leisure, Property and Investments. The Healthcare segment manufactures and distributes topical analgesic products under the Tiger Balm and Kwan Loong brands. The Leisure segment provides family and tourist oriented leisure alternatives in the form of oceanariums. The Property segment owns and leases out several investment properties in Asia. The Investments segment engages in investing activities such as quoted and unquoted securities in the Asia region.
9. UIC (SGX:AU8U)
- Dividend Growth Rate (CAGR 10 years) = 2.9%
United Industrial Corp. Ltd. is an investment holding company, which engages in the development, investment, trading, and management of real estate properties. It operates through the following segments: Property Investment, Property Trading, Hotel Operations, Technology Operations, and Others. The Property Investment segment includes leasing of commercial office property, property management, investment holding, and investment in retail centers. The Property Trading segment develops properties for trading, project management, and marketing services. The Hotel Operations segment manages the Mandarin Oriental, Marina Mandarin, and Pan Pacific. The Technology Operations segment distributes computers and related products; and offers systems integration and networking infrastructure services. The Others segment comprises investment in shares and provision of management and related services.
10. UOL (SGX:U14)
- Dividend Growth Rate (CAGR 10 years) = 5.8%
- Excluding special dividends: $0.05 (2010, 2011, 2013)
UOL Group Ltd. engages in the investments in properties, subsidiaries, associated companies, and listed and unlisted securities. It operates through the following business segments: Property Development, Property Investments, Hotel Operations, Investments, and Management Services and Technologies. The Property Development segment refers to the development of properties for sale. The Property Investment segment includes leasing of commercial properties and serviced suites. The Hotel Operations segment operates owned hotels. The Investments segment invests in quoted and unquoted available-for-sale financial assets. The Management Services and Technologies segment provides hotel management under the Pan Pacific and PARKROYAL brands, project management, and related services. Its portfolio includes residential units, office towers and shopping malls, hotels, and serviced suites.
11. Hotel Properties Limited (SGX:H15)
Hotel Properties Ltd. operates as an investment holding company, which engages in the hotel ownership, management and operation, and property development. It operates through the following business segments: Hotels, Properties, and Others. The Hotels segment includes the operation of hotels, shopping galleries, and provision of hotel management services. The Properties segment offers rental and sale operations of residential properties and commercial units. The Other segment involves the distribution and retail operations, and activities on quoted and unquoted investments.
12. Lian Beng (SGX:L03)
- Dividend Growth Rate (CAGR 10 years) = 18.9%
- Excluding special dividends: $0.004 (2010), $0.01 (2011), $0.0025 (2013), $0.0125 (2014), $0.01 (2015, 2016)
Lian Beng Group Ltd. is an investment holding company, which engages in the construction of residential, industrial, commercial and civil engineering projects. It operates through the following segments: Construction, Dormitory, Investment Holding, and Property Development. The Construction segment includes the business of constructing residential, institutional, industrial, and commercial properties as the main contractor. The Dormitory segment is involved in the rental of dormitory units and provision of dormitory service. The Investment Holding segment holds investments in quoted and unquoted securities and properties for long-term capital appreciation, rental, as well as dividend yields. The Property Development segment develops and sells properties like residential, commercial and industrial as well as the provision of property management services.
13. DBS (SGX:D05)
- Dividend Growth Rate (CAGR 10 years) = 8.2%
- Excluding special dividends: $0.50 (2017)
DBS Group Holdings Ltd. is an investment company, which provides retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The Others segment covers activities from corporate decisions and income; and expenses not attributed to the business segments described.
14. OCBC (SGX:O39)
- Dividend Growth Rate (CAGR 10 years) = 5.9%
Oversea-Chinese Banking Corp. Ltd. engages in the provision of financial and banking services. It operates through the following business segments: Global Consumer or Private Banking; Global Corporate or Investment Banking, Global Treasury and Markets, Insurance, OCBC Wing Hang, and Others. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Corporateor Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading, and structured treasury products. The Insurance segment offers fund management as well as life and general insurance. The OCBC Wing Hang segment engages in commercial banking activities. The Others segment includes property and investment holding operations.
15. UOB (SGX:U11)
- Dividend Growth Rate (CAGR 10 years) = 6.2%
- Excluding special dividends: $0.10 (2010, 2012), $0.05 (2013, 2014), $0.20 (2015, 2017, 2018, 2019)
United Overseas Bank Ltd. (Singapore) engages in the provision of financial services. It operates through the following segments: Group Retail (GR); Group Wholesale Banking (GWB); Global Markets (GM); and Others. The GR segment provides customers with financial solutions. The GWB segment offers tailored financial solutions, services and sector insights. The GM segment manages the bank's liquidity, investments, and market making financial instruments. The Others segment covers non-banking activities and corporate functions.
16. UOI (SGX:U13)
- Dividend Growth Rate (CAGR 10 years) = 1.3%
- Excluding special dividends: $0.02 (2010, 2012, 2013, 2014, 2015, 2016), $0.05 (2017, 2018), $0.07 (2019)
United Overseas Insurance Ltd. engages in the business of underwriting general insurance. It operates through the following segments: Singapore Insurance Fund, Offshore Insurance Fund, and Shareholders' Fund. The Singapore Insurance Fund segment offers insurance business relating to Singapore policies. The Offshore Insurance Fund segment includes insurance business relating to offshore policies. The Shareholders' Fund segment involves in the company's investment activities of its non-insurance funds.
17. Great Eastern (SGX:G07)
- Dividend Growth Rate (CAGR 10 years) = 19.6%
- Excluding special dividends: $0.27 (2012), $0.05 (2013, 2014, 2015), $0.10 (2017)
Great Eastern Holdings Ltd. engages in the provision of insurance services. It operates through the following segments: Life Assurance, Non-Life Insurance, and Shareholders. The Life Assurance segment provides different types of products, comprising life insurance, long-term health and accident insurance, annuity business written and includes the unit-linked business. The Non-Life Insurance segment issues short term property and casualty contracts. The Shareholders segment is comprised of the Fund Management and Financial Advisory business, and Other Shareholders segments.
18. SGX (SGX:S68)
- Dividend Growth Rate (CAGR 10 years) = 1.1%
- Excluding special dividends: $0.27 (2012), $0.05 (2013, 2014, 2015), $0.10 (2017)
Singapore Exchange Ltd. is an investment holding company, which engages in the treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services. It operates through the following segments: Equities and Fixed Income, Derivatives, Market Data and Connectivity, and Corporate. The Equities and Fixed Income segment offers issuer services, securities trading and clearing, post trade services, membership, and collateral management. The Derivatives segment focuses on derivatives trading and clearing services, membership, and collateral management. The Market Data and Connectivity segment consists of market data and connectivity services. The Corporate segment includes corporate activities which are not allocated to the three operating segments.
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If you want to shortcut your way to Early Retirement via Dividend Investing, you can check out Christopher Ng Wai Chung. Full disclosure, he's our early retirement masterclass trainer. And the only reason he can teach it is because he retired at 39 with a passive income of $6,000 - $8,000 per month.
Did we miss anything out? If not, please comment below what do you like to see that we have missed out!