retirement It’s a blissful time to spend the golden age comfortably and happily.
One thing to remember, though, is that once you quit your job, you won’t be earning any money from your paycheck.
So the ideal scenario would be to finance your retirement using passive income streams such as: dividend.
Retirees also need to make sure their pot of gold is protected, as they will rely on gold for day-to-day and emergency expenses.
to this end, good company We can provide the stability and certainty that this group of investors seeks.
Here are four trustworthy blue chip stocks that not only pay regular dividends, but sleep soundly.
Singapore Exchange (SGX: S68)
Singapore Exchange Limited (SGX) is Singapore’s sole stock exchange operator and enjoys a natural monopoly.
SGX has been solid for many years and the group has been paying dividends consistently since 2001 (2001).
For the 2022 fiscal year ending 30 June 2022, SGX achieved a new high level of revenue of S$1.1 billion, up 4% year-on-year.
Net profit increased 1% year-on-year to S$451 million.
SGX also paid a dividend of SGD 0.32 for fiscal 2022, giving the stock a dividend yield of 3.5%.
SGX’s capital expenditures for FY2023 are expected to be between S$70 million and S$75 million as the company spends on enhancing its platform and system architecture.
The foreign exchange over-the-counter division is also growing, contributing around 5% to the Group’s revenue in 2022.
The stock exchange operator will release results for the first half of 2023 on February 9, 2023, and investors can expect yet another quarterly dividend.
United Overseas Bank (SGX: U11)
United Overseas Bank (UOB) is one of Singapore’s three largest regional banks.
Banks have been a bastion of power throughout the pandemic. Net income 4 billion SGD in 2021.
Landlord ride high upon soaring interest rates reports a 39% year-over-year increase in Net Interest Income (NII) in the third quarter of fiscal year 2022 (3Q2022).
In line with its strong performance, UOB paid an interim dividend of S$0.60 this year.
Combined with the final dividend of S$0.60 for FY21, the 12-month dividend is S$1.20 and the 12-month dividend yield is 4%.
The US Federal Reserve is expected to continue raising interest rates in 2023, but at a slower pace.
UOB should benefit from these higher rates that boost NII.
The bank also completed an acquisition Citigroup’s (NYSE: C) Consumer Banking Business in Malaysia and Thailand.
A little over a year ago, UOB announced: Purchased for S$5 billion in four countries in the consumer banking sector of US banks.
For Vietnam and Indonesia, management believes the acquisitions could be completed by the end of the year.
Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering (STE) is an engineering and technology conglomerate serving the aerospace, smart cities and defense sectors.
The stalwart has steadily increased orders over the past three years.
STE’s order book increased from S$15.3 billion in 2019 to S$25 billion by the end of September 2022.
In Q3 2022 alone, the engineering giant won S$4.8 billion in new contracts across its commercial aerospace and public safety segments.
It also declared and paid a quarterly dividend of S$0.04, bringing the annual dividend per share to S$0.16.
STE shares offer a futures dividend yield of 4.3%.
Elsewhere, the group also signed a $1.07 billion contract to modernize the toll collection system in New Jersey, USA.
CapitaLand Investment Limited (SGX: 9CI)
CapitaLand Investment Limited (CLI) is a real estate investment manager (REIM) with approximately S$130 billion in assets under management (AUM) and approximately S$86 billion in funds under management (FUM) as at 30 September 2022.
REIM is growing Fee Related Revenue (FRE) in the first nine months of 2022 (9M2022).
FRE increased 19% year-on-year to S$339 million in the fiscal year ending September 2022.
CLI’s accommodation sector also enjoyed a strong recovery as borders reopened, with FRE posting S$190 million, up 48% year-on-year.
The Group also increased the number of units in its accommodation portfolio by 20% year-on-year to 155,000 units.
CLI will pay a total dividend of S$0.15 in FY21, representing a historical dividend yield of 3.8%.
Want to know what to expect in the stock market in 2023? What are the top performing and blue chip stocks in the Singapore market in 2022? Get ready for 2023 with our special free report. click here To download the Year in Review 2022
don’t forget to follow us Facebook and telegram For some of our latest free content!
Disclosure: Royston Yang owns Singapore Exchange Limited shares.