Looking for Income Every Quarter? These Singapore-Listed Companies Declare Dividends Every 3 Months
Dividend stocks are especially attractive to retirees without a regular income coming in from employment.
While most dividend-paying companies dish out dividends on a half-yearly or yearly basis, some companies dole out money every quarter.
Those looking for a regular income stream might want to look into such stocks.
With that, here’s a look at three businesses that pay quarterly dividends that might entice dividend investors (sorted according to market capitalisation).
Company #1: DBS Group Holdings Ltd
Singapore’s biggest bank, DBS Group Holdings Ltd (SGX: D05), is kicking off the list.
The company is well-known among Singapore investors as it has been paying growing dividends over the years.
In 2019, DBS restarted paying quarterly dividends after a 10-year hiatus.
In its first-quarter earnings report that year, DBS said it would dish out dividends every quarter to provide “shareholders with more regular income streams”, instead of biannually, as was the case from 2011 to 2018.
DBS has a dividend policy of paying sustainable dividends that rise progressively with its earnings, so shareholders can expect its dividend to grow further as long as the bank increases its bottom line.
DBS’ dividend policy, dividend history, historical annualised growth rate of its dividends, and many more can be found in our detailed dividend guide covering the bank as well.
At DBS’ current share price of S$30.21, it has a forward dividend yield of 3.9%.
The yield considers the bank’s potential higher dividend payout of 33 cents per share each for its third and fourth quarters of 2021 after Singapore’s central bank lifted the dividend restrictions on local banks late-July this year.
Company #2: Singapore Exchange Limited
Singapore Exchange Limited (SGX: S68), or SGX for short, is the next business featured on our list.
Singapore’s only stock market operator, which recently approved the listing of special purpose acquisition companies (SPACs) in our country, declared a total dividend of 32.0 Singapore cents per share for its latest financial year that ended on 30 June 2021 (FY2021).
The FY2021 dividend marks an increase of around 5% from 30.5 Singapore cents declared a year back.
Over the longer term, SGX’s dividends have grown from 26.0 Singapore cents per share in FY2009, as seen from the table below:
|Year||Total dividend per share (Singapore cents)|
SGX has already announced its plans to pay a quarterly dividend of 8.0 Singapore cents per share from the fourth quarter of FY2020.
The company said previously that it aims “to pay a sustainable and growing dividend over time, consistent with the company’s long-term growth prospects”.
It added that the policy provides SGX with the flexibility to balance its dividend payments with the need to retain cash to support business growth.
In the fourth quarter of FY2021, the exchange also mentioned that it will introduce a scrip dividend scheme to allow its shareholders to re-invest their cash dividends in SGX shares and participate in the company’s growth journey. The implementation date of the scheme will be announced on a later day.
At SGX’s share price of S$10.15, it has a trailing dividend yield of 3.2%.
Company #3: iFAST Corporation
Last but not the least is iFast Corporation (SGX: AIY), which runs an online investment products distribution platform providing a comprehensive range of investment products and services to corporate clients and retail investors.
In the second quarter of 2021, the company declared an interim dividend of 1.10 Singapore cents per share, up around 47% from 0.75 Singapore cent paid out a year ago.
The higher dividend came on the back of its latest revenue and net profit increasing by 31.7% and 55.0%, respectively, year-on-year.
In its 2021 second-quarter earnings release, iFAST said it expects to increase its dividend per share in 2021 compared to last year.
Beyond that, iFAST’s dividends — which have risen by 4.3% annually from 2.79 cents per share in 2016 to 3.30 cents in 2020 — have room to increase further, along with its business growth.
During its 2020 annual general meeting (AGM), iFAST reiterated its aim of reaching S$100 billion in assets under administration (AUA) by the end of 2028. The company is committed to its goal in line with its mission to help investors worldwide invest globally and profitably.
At iFAST’s share price of S$8.88, it has a trailing dividend yield of 0.4%.
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Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any stock. The writer owns shares in iFAST and Singapore Exchange.