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Singapore’s May Dividend Spotlight: 5 Stocks Offering Income Amid Global Uncertainty
In the face of global economic challenges, investors are constantly seeking reliable income streams. This May, several Singapore-listed companies are set to reward shareholders with dividends, despite the prevailing global uncertainty characterized by geopolitical tensions and fluctuating markets. Here’s a closer look at five notable stocks.
CapitaLand Investment Limited (SGX: 9CI)
As a powerhouse in real estate management, CapitaLand Investment Limited (CLI) manages assets worth S$136 billion. Although the company faces a decline in core net profit by 10% to S$510 million in 2024, its strategic divestments and shifts towards a recurring fee-driven model signal robust long-term prospects. CLI is paying out a final dividend of S$0.12 and a special dividend-in-specie of 0.031 units of CapitaLand Integrated Commercial Trust, on May 13.
Credit Bureau Asia (SGX: TCU)
With an extensive client base including banks and government bodies, Credit Bureau Asia (CBA) continues to impress the market with a 10.2% increase in revenue to S$59.7 million in 2024. Net profits also climbed by 14.2% to S$11.2 million. CBA’s resilience is further solidified by its strategic partnership renewal with Dun & Bradstreet, aiming to extend its regional footprint. The imminent dividend payment of S$0.02 on May 30, reflects its stable cash flow generation.
Food Empire (SGX: F03)
Food Empire’s presence across multiple countries underscores its diverse operations. While it did see an 11.9% increase in revenue to US$476.3 million in 2024, there was a drop in normalized net profit by 11.4% to US$50 million. Despite the downturn, the company is poised for expansion in Asia, including a new production facility in Kazakhstan. Shareholders can expect a combined dividend of S$0.08 on May 14.
Ho Bee Land (SGX: H13)
From dealing with property investments globally, Ho Bee Land made a significant recovery with a net profit of S$109.6 million in 2024, turning around from a substantial loss the previous year. With a strengthened free cash flow of S$254.2 million, the company declared a first and final dividend of S$0.04, up by 33% from last year, due on May 23.
Olam Group (SGX: VC2)
Olam Group, a major player in the food and agribusiness sector, reported a challenging year with a 69% drop in net profit to S$86.4 million, largely due to higher finance costs. Despite these difficulties, Olam’s strategic moves in navigating geopolitical and trade tensions underline its adaptability in uncertain times. A final dividend of S$0.03 will be distributed on May 14.
In conclusion, while global economic conditions teeter on the brink of uncertainty, these five Singaporean companies not only demonstrate resilience but also commitment to delivering shareholder value through dividends. Investors seeking to stabilize their portfolios might find solace and opportunity within these dividend-paying stocks.
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