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Chip Eng Seng is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Chip Eng Seng Corporation Ltd (SGX:C29)
Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, Vietnam, and Maldives. Chip Eng Seng was formed in 1998 and with the stock’s market cap sitting at SGD SGD583.75M, it comes under the small-cap stocks category.
C29 has a enticing dividend yield of 4.26% and pays out 69.28% of its profit as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.01 to $0.04. It should comfort existing and potential future shareholders to know that C29 hasn’t missed a payment during this time. Dig deeper into Chip Eng Seng here.
Bukit Sembawang Estates Limited (SGX:B61)
Bukit Sembawang Estates Limited, an investment holding company, engages in the property development, investment, and other property-related activities primarily in Singapore. Bukit Sembawang Estates was founded in 1911 and with the company’s market capitalisation at SGD SGD1.57B, we can put it in the small-cap category.
B61 has a large dividend yield of 5.43% and the company has a payout ratio of 28.69% , with analysts expecting the payout ratio in three years to be 46.31%. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from $0.1 to $0.33. The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Continue research on Bukit Sembawang Estates here.
Parkway Life Real Estate Investment Trust (SGX:C2PU)
Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. The company was established in 2007 and with the market cap of SGD SGD1.72B, it falls under the small-cap category.
C2PU has a enticing dividend yield of 4.74% and the company currently pays out 79.60% of its profits as dividends , with analysts expecting this ratio to be 100.23% in the next three years. In the case of C2PU, they have increased their dividend per share from $0.06 to $0.14 so in the past 10 years. The company has been a reliable payer too, not missing a payment during this time. The company recorded earnings growth of 10.37% in the past year, comparing favorably with the sg reits industry average of 9.24%. Dig deeper into Parkway Life Real Estate Investment Trust here.