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Companies in the transportation and automobile sector operate in areas ranging from airport services to auto part components. Most of these names such as SIA Engineering and ComfortDelGro suffer from high cyclicality. Hence, considering economic volatility crucial when thinking about these companies’ profitability. Cash flow availability also drives dividend payout, so in times of growth, these transport companies could provide hefty dividend income for your portfolio. I’ve identify the following transport and automobile stocks paying high income, which may increase the value of your portfolio.
SIA Engineering Company Limited (SGX:S59)
S59 has a great dividend yield of 4.06% and the company currently pays out 83.16% of its profits as dividends , with analysts expecting this ratio to be 86.24% in the next three years. Despite there being some hiccups, dividends per share have increased during the past 10 years. Continue research on SIA Engineering here.
ComfortDelGro Corporation Limited (SGX:C52)
C52 has a enticing dividend yield of 5.20% and their current payout ratio is 74.55% . With a yield above the savings rate, bank account beating investors will be happy, but perhaps even happier knowing that C52 is in the top quartile of market payers. Interested in ComfortDelGro? Find out more here.
SATS Ltd. (SGX:S58)
S58 has a solid dividend yield of 3.30% and their payout ratio stands at 72.06% , and analysts are expecting the payout ratio in three years to hit 73.96%. Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. Interested in SATS? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.