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At least 13 Singapore companies reported 5-year dividend growth of over 10%

Analysts say sustainability of dividends more important in long run

Uma Devi

Uma Devi

Published Tue, Sep 5, 2023 · 05:00 AM
    • A screen of profitable companies with growing earnings and gearing levels under 50 per cent reveals that only 32 companies listed on the SGX managed to grow their dividends over the past five years.
    • A screen of profitable companies with growing earnings and gearing levels under 50 per cent reveals that only 32 companies listed on the SGX managed to grow their dividends over the past five years. PHOTO: BT FILE

    FIVE companies – Civmec , Uni-Asia Group , Second Chance Properties , Jason Marine Group and SUTL Enterprise – have grown their dividends by more than 20 per cent over the past five years. Another eight have grown their dividends by at least 10 per cent, according to Bloomberg data.

    If you’re an investor looking to build a Singapore Exchange (SGX) version of the S&P US Dividend Growers Index, however, some analysts say these may not be the names you want in your portfolio.

    SGX is known for its dividend payers, and Singapore-focused indices tend to have a higher average yield. This is partly because of the market’s high number of real estate investment trusts (Reits), which must pay out 90 per cent of their income to avoid a tax on that income.

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