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Here Are 9 Stocks That Have Paid Dividends Consistently For 10 Years

I don’t think there are many income investors who would want to invest in a stock whose dividends are not sustainable.

But the thing is, no one has a crystal ball in finance that can predict the future with precision. This makes estimating the future dividends of a company tricky. One way to help reach a clearer picture would be to study the company’s history in paying a dividend.

The past 10 years have seen episodes where the global economy was placed under severe stress – the 2007-09 global financial crisis is the strongest instance. If a company had managed to pay an annual dividend consistently in its last 10 fiscal years, it would thus mean that its business had some stability and sustainability in the past. This could be a great starting point for further research.

Investors may be interested to know there are many companies in Singapore’s stock market with a track record of paying an annual dividend in each year over their last 10 fiscal years. Here are nine such firms:

Some of them, such as Jardine Strategic and Jardine Matheson, have even managed to grow or maintain their dividends in each year over the past decade. You can see this in the table below:

Jardine Strategic and Jardine Matheson's dividend
Source: S&P Global Market Intelligence

I have one other important takeaway here. The 10 companies are in very different types of industries.

Keppel Corporation is a conglomerate dealing with marine engineering and real estate development while SATS provides food catering services to airlines and airport terminal services. Singapore Press Holdings publishes Singapore’s major newspapers and owns shopping malls while OCBC is a large and well-known local bank. Vicom is in the business of providing inspection and testing services to a wide range of industries while CapitaLand and City Developments are real estate giants in Asia.

This goes to show that companies with the ability to dish out dividends on a consistent basis can come from all walks of life.

For more insights on dividend investing and important updates about the stock market, you can sign up for The Motley Fool Singapore's free weekly investing newsletter, Take Stock Singapore. Written by David Kuo, it can help you grow your wealth in the years ahead.

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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.