Although the epidemic is over, many companies have had tough times during the epidemic, with profits and cash flow plummeting, causing most to cut or cancel dividends。However, there are still a handful of blue chips that have increased their dividends for three years in a row over this period, demonstrating their resilient financial performance.。This article will introduce four stocks worthy of attention.。

DBS Group

As Singapore's largest bank by market capitalization, DBS not only provides comprehensive banking and investment services, but also demonstrated its strong resilience during the outbreak.。

In 2020, the Monetary Authority of Singapore (MAS) required all banks to limit dividend payments to 60% of the previous year, so DBS Group reduced its quarterly dividend from 0 per share..30 Singapore dollars cut to 0.164 Singapore dollars, a total of 0 paid for the year.791 Singapore dollars。

However, with interest rates rising in 2022, DBS has gradually increased its dividend over the next three years.。Dividend for 2021 is 1.091 Singapore dollars, to 1 in 2022.818 Singapore dollars (including 0.0455 special dividend of S $), while the 2023 dividend is 1.746 Singapore dollars, up from 2022 core dividend 1.364 Singapore dollars。

DBS Group has performed very well in raising its dividend for three consecutive years and is expected to continue its strong performance in 2024.。In the first half of 2024, DBS Group's net profit rose 9% year-on-year to a record high of S $5.8 billion, with a declared quarterly dividend of 0 per share..54 Singapore dollars, up nearly 23% YoY。

Looking ahead, the group's chief executive, Piyush Gupta, expects double-digit non-interest income growth in 2024, as well as mid-to-high single-digit year-over-year net profit growth.。

CapitaLand Integrated Commercial Trust 

CapitaLand Integrated Commercial Trust (CICT) is a retail and commercial real estate investment trust (REIT) with a portfolio of 21 properties in Singapore, 2 properties in Germany and 3 properties in Australia.。

As of 31 December 2023, CICT had an asset under management of S $24.5 billion。CICT has also achieved sequential growth in assignments over the past three years, with its assignments per unit (DPU) rising from 0 in 2020..0869 Singapore dollars increased to 0 in 2021.104 Singapore dollars。Over the next two years, DPU grew to 0% in 2022..1058 Singapore dollars and 0 in 2023.1075 Singapore dollars。CICT's DPU growth was mainly driven by its solid property portfolio, with demand remaining strong during the crisis.。

In the first half of 2024, CICT's DPU increased by 2.5% to 0.0543 Singapore Dollar。If this performance continues, CICT is on track to achieve its fourth consecutive year of distribution growth。At the same time, as of June 30, 2024, CICT's portfolio occupancy rate remained at 96.8%, with positive rent growth in the retail and office sectors of 9.3% and 15%。

Sembcorp Industries

Sembcorp Industries (SCI) is an energy and urban solutions provider focused on sustainable solutions to support the energy transition.。The group has 21 in 10 countries..2GW of energy mix, of which 14.4GW for renewable energy assets。

Despite the impact of the epidemic and a sharp rise in interest rates, SCI achieved significant growth from 2020 to 2023。The Group's revenue increased from S $5.4 billion in 2020 to S $7 billion in 2023, and net profit (continuing operations) also increased from S $1 billion in 2020..S $5.7 billion jumps to S $1 billion by 2023。Driven by this, SCI's annual dividend from 0% in 2020.04 Singapore dollar increases to 0 in 2021.05 Singapore dollars, then jumped to 0 in 2022.12 Singapore dollars, growing further to 0 in 2023.13 Singapore dollars。

Although SCI's revenue fell 12% year-on-year to S $3.2 billion in the first half of 2024, net profit (excluding special items) also fell 12% to 5.S $3.2 billion, but the group still paid out 0 per share.06 Interim dividend in Singapore dollars, up from 0 in the same period in 2023.05 Singapore Dollar。

Singtel 

Singtel, Singapore's largest telecommunications company, continues to grow its dividend since it announced its strategic restructuring in fiscal 2021 (FY2021).。Annual dividend for FY 2021 is 0.075 Singapore dollars to 0 in FY2022.093 Singapore dollars, further increased to 0 in FY2023.099 Singapore dollars。In fiscal 2024, Singtel's total dividend reached 0.15 Singapore dollars, including 0.038 "Value Realization Dividend" (VRD) in Singapore Dollars。

Singtel stressed that VRD is an integral part of its group dividend policy and is not a one-off payment, with S $8 billion in assets reinvested since it launched its strategic restructuring, with the proceeds used to support business growth and repay debt.。