Companies normally increase their dividends in line with a rise in profitability.
Income-seeking investors should scout around for companies that are growing their revenue and profits and which also dish out a dividend.
Some of these stocks may include REITs that are performing well and can increase their payouts.
We highlight four companies and REITs that upped their dividends by double-digit percentages.
iFAST Corporation (SGX: AIY)
iFAST is a financial technology company that operates a platform for the buying and selling of unit trusts, equities, and bonds.
The group reported a robust set of earnings for the first half of 2025 (1H 2025).
Net revenue jumped 23.7% year on year to S$147.8 million, with interest revenue nearly doubling year on year.
Operating profit climbed 32.7% year on year to S$51.2 million while net profit stood at S$41.1 million, 35% higher than a year ago.
iFAST’s assets under administration (AUA) increased by 21.6% year on year to a new record of S$27.2 billion, led by record net inflows of S$1.29 billion for the second quarter of 2025 (2Q 2025).
For its second interim dividend, the fintech is proposing to pay out S$0.02 per share in dividends, representing a 33.3% year-on-year increase from the S$0.015 paid out last year.
Looking ahead, iFAST expects revenue and profitability for 2H 2025 to demonstrate improvement compared with 1H 2025 as the ePension division progresses with its onboarding of trustees onto the platform.
For 2025, the directors expect to propose a total dividend of no less than S$0.08 per share, which would equate to a year-on-year increase of at least 35.6%.
Sabana REIT (SGX: M1GU)
Sabana REIT is an industrial REIT with a portfolio of 18 Singaporean properties with a total gross floor area (GFA) of around 4.2 million square feet.
The total assets under management (AUM) for the REIT were more than S$1 billion as of 31 December 2024.
For 1H 2025, Sabana REIT reported a 7.6% year-on-year increase in gross revenue to S$59.3 million.
Net property income (NPI) leapt 23.4% year on year to S$33.5 million, and distribution per unit (DPU) was nearly 27% higher than last year at S$0.017.
The industrial REIT reported a portfolio occupancy of 85.7% as of 30 June 2025 and also enjoyed a positive rental reversion of 12.6% for 1H 2025.
Around 63.3% of leases expiring this year have been renewed or replaced by new leases.
Tenant retention rate stood at 62.4% for the REIT.
Portfolio rejuvenation works were also completed for 508 Chai Chee Lane in May and June this year to modernise cargo and passenger lifts and improve the main drop-off point.
Sabana REIT’s gearing stood at 37.7% as of 30 June with an all-in financing cost of 4.47%, dipping slightly from 4.57% as of 31 March 2025.
Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT with a portfolio of 24 data centres across 10 countries.
The portfolio’s AUM stood at around S$5 billion as of 30 June 2025.
Keppel DC REIT saw gross revenue shoot up 34.4% year on year to S$211.3 million for 1H 2024.
The better performance was because of the acquisitions of two data centres in Singapore and a Tokyo data centre, coupled with contract renewals and rental escalations.
NPI jumped 37.8% year on year to S$182.8 million, and DPU improved by 12.8% year on year to S$0.05133.
The data centre REIT saw a high portfolio reversion of around 51% for 1H 2025 for a major contract renewal in 2Q 2025.
The portfolio also enjoyed a high portfolio occupancy of 95.8% and had a healthy weighted average lease expiry of 6.9 years.
The REIT’s aggregate leverage stood low at just 30% and it also managed to reduce its cost of debt from 3.1% to 3.0% because of lower floating interest rates.
Oiltek International (SGX: HQU)
Oiltek International provides a reliable and diversified range of refinery processes and engineering solutions for different sectors of the vegetable oils industry.
For 1H 2025, revenue inched up 0.4% year on year to RM 100.8 million.
Gross profit, however, shot up 66.3% year on year to RM 32.4 million as cost of goods sold declined by 15.5% year on year to RM 68.4 million.
Net income climbed 37.5% year on year to RM 14.1 million.
The group paid out an interim dividend of S$0.005, a 66.7% year-on-year increase over the previous year’s S$0.003 (after adjusting for the 2-for-1 bonus issue).
The global fats and oils market is poised to grow by 3.4% per annum from 2025 to 2033 and reach a market size of US$336.3 billion by then.
Management also believes there will be continued demand for edible and non-edible oils and fats as the population grows and demand for food increases correspondingly.
Elsewhere, the aviation industry is looking to embrace sustainable aviation fuel (SAF), and Oiltek International is well-positioned to cater to this demand.
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Disclosure: Royston Yang owns shares of iFAST Corporation and Keppel DC REIT.
