A dividend in your pocket represents not just cash that you can use as you please.
It’s also a tangible return on your investment that’s not linked to volatile share prices.
And while there are many companies and REITs that pay out dividends, it’s important to look for businesses that have increased them over time.
Such a track record gives investors confidence that the business can remain resilient despite ongoing economic headwinds.
A good place to start looking for dividend-paying stocks is to track companies to monitor which have paid out dividends each month.
We located five such stocks that are paying out a dividend this November.
You can decide if these five can be included in your income stock watchlist.
Frasers Centrepoint Trust (SGX: J69U)
Frasers Centrepoint Trust, or FCT, is one of the largest suburban retail REITs in Singapore with nine retail malls and an office building in its portfolio.
Total assets under management (AUM) stood at S$6.2 billion as of 30 September 2022.
FCT reported a resilient set of earnings for its fiscal 2022 (FY2022), with gross revenue up 4.6% year on year to S$356.9 million.
Net property income rose 4.9% year on year to S$258.6 million while distribution per unit (DPU) inched up 1.2% year on year to S$0.012227.
For the second half of 2022, the REIT declared a DPU of S$0.06091 that will be paid on 29 November.
FCT’s retail portfolio committed occupancy stood at 97.5% and average rental reversion for FY2022 came in at a positive 4.2%.
Aggregate leverage, at 33%, allows the REIT to tap on more borrowings for acquisitions.
The REIT’s average cost of debt remained low at 2.5% with 71% of its loans hedged to fixed rates.
iFAST Corporation Limited (SGX: AIY)
iFAST is a financial technology company that operates a platform for the buying and selling of securities such as unit trusts, bonds, and equities.
The group reported a downbeat set of earnings for its fiscal 2022’s third quarter (3Q2022).
Total revenue dipped by 3.9% year on year to S$53.5 million amid market volatility while net profit plunged by 72.6% year on year to S$2.1 million because of higher expenses.
iFAST’s assets under administration also declined by 7.6% year on year to S$16.98 billion as of 30 September 2022.
Despite the weaker results, the group maintained its interim dividend of S$0.013 which was paid out on 18 November.
The fintech company expects to enjoy accelerated growth from the third quarter of next year as its Hong Kong e-pension division’s contributions kick in.
The Hour Glass (SGX: AGS)
The Hour Glass, or THG, is a luxury watch retailer that owns 50 boutiques in the Asia Pacific region.
The group sells famous Swiss brands such as Rolex, Patek Philippe, and Audemars Piguet.
For its fiscal 2023’s first half ending 30 September, THG reported an 18% year on year jump in revenue to S$562.7 million.
Net profit climbed 35% year on year to S$84.5 million.
The luxury retailer will pay out an interim dividend of S$0.02 per share on 24 November, unchanged from last year.
DBS Group (SGX: D05)
DBS needs no introduction, being Singapore’s largest bank by market capitalisation.
The lender reported a record set of earnings for 3Q2022 as rising interest rates lifted its net interest income and net profit.
An interim dividend of S$0.36 was declared and will be paid on 24 November.
The bank’s wealth management division saw a more than doubling of net inflows to S$15 billion for the first nine months of this year.
Card fees are also expected to rise along with an increase in consumer spending as air travel resumes.
DBS’ net interest margin should continue climbing to around 2.25% by the middle of next year assuming the US Federal Reserve continues to raise interest rates.
However, the bank flagged risks such as a potential US recession and an Asian slowdown that may weigh on its growth prospects.
Micro-Mechanics (Holdings) Ltd (SGX: 5DD)
Micro-Mechanics (Holdings) Ltd, or MMH, designs, manufactures and sells high-precision parts and tools used in the assembly processes for the semiconductor industry.
The group reported a resilient set of earnings for its fiscal 2022 ending 30 June 2022.
Revenue rose 11.8% year on year to S$82.5 million while net profit rose 9.7% year on year to S$19.8 million.
A final dividend of S$0.06 and a special dividend of S$0.02 were declared and paid on 18 November.
For MMH’s fiscal 2023’s first quarter, revenue dipped by 1.3% year on year to S$20.2 million while net profit fell by 14.6% year on year to S$4.2 million.
However, the group’s free cash flow improved by 27.3% year on year from S$4.2 million to S$5.4 million.
If you’re looking to invest in 2023, our latest FREE report can guide you. It shows you how to find dividend stocks in SGX, and a nearly fool-proof way of building your portfolio. Many people love dividend investing, but few truly know how to profit from it consistently. Click the link here to download our new report and discover the secrets!
Follow us on Facebook and Telegram for the latest investing news and analyses!
Disclaimer: Royston Yang owns shares of DBS Group, iFAST Corporation Limited and Micro-Mechanics (Holdings) Ltd.
