These 10 Stocks Have Paid Dividends Consistently For 10 Years

Income investors would ideally like to invest in companies that have sustainable dividends.

Unfortunately, no one can accurately predict the future, which makes estimating the future dividends of a company potentially tricky. One way to help clear up some of the fog would be to look at a company’s history of paying dividends.

Over the past 10 years, the global economy has been through some really rough times, with the great financial crisis being the most jarring episode. It would thus mean that a company that can pay an annual dividend consistently for the past decade has a business that has some stability and sustainability in the past – and that could be a great starting point for further research.

There are many companies in Singapore’s stock market that have had a track record of paying a dividend in each year over the past 10 years. But I’d like to share just 10:

Most of them also carry yields of 3% or more, as you can see from the table below:

Stocks with dividends for 10 consecutive years
Source: S&P Global Market Intelligence

One other thing worth noting is that the 10 companies come from a wide range of industries. For instance, you have telecommunications outfits such as Singtel and StarHub. You have a postal services provider in Singapore Post. You also have a bricks-and-mortar retailer in Dairy Farm.

Then, there is also a palm oil producer in Wilmar, an engineering conglomerate in ST Engineering, a land transport services provider in Comfortdelgro, an aero engineering in SIA Engineering, a bank in DBS, and a utilities and marine engineering conglomerate in Sembcorp Industries.

This goes to show that companies that can consistently dish out dividends for many years could come from many different types of industries.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.