Keppel Corporation, a conglomerate dealing in energy and environment, urban development, connectivity, and asset management, had a stellar 2022. For the first nine months of the year, the company saw S$6.8 billion in revenue — a 24% spike year on year. This was attributed to higher contributions from three of its four business segments and an 11% increase yearly to S$186 million via asset management fees.
Assuringly, the company looks set to keep up its strong dividend results in 2023. For the first payout in April, Keppel Corp announced a dividend of S$0.18 per share, close to the S$0.12 per share announced for the same period last year.DBS Group has the biggest market capitalisation among local banks and is no stranger to many investors’ portfolios.
With high inflationary pressure, the Fed is expected to maintain interest rates at their current high levels, creating further momentum for DBS.Shaking off a poor 2021, Singtel bounced back in 2022 with total dividends outstripping 2020 ., announced in late 2022. Singtel is well poised to benefit from the monetisation of 5G, the monetisation of data centres and/or NCS and the resumption of regional roaming revenue as travel picks up.Another beneficiary of the Fed rate hikes is OCBC Bank which, in 2022, posted its highest dividend in over 20 years. Last year, investors enjoyed a record S$0.56 per share in total dividend payouts, a 39% increase over 2021’s payout of S$0.409 per share..
Source: News Formal (newsformal.com)
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