Singaporean Matters: What to do with that $500 hongbao from your children ….

Singaporean retirees seeking passive income opportunities are in luck. There is a wealth of dividend-paying stocks available on the SGX that can cater to their income needs. Besides the availability of dividends, the consistency of these payments matters. The following are three stocks that have a track record of consistent dividends that retirees can consider buying to build a passive income stream. Read my other post about The Ultimate Dividend Investing Flywheel.

Singapore Technologies Engineering Ltd (SGX: S63)

STE operates in the technology, defense, and engineering sectors. Known for its consistent dividend payouts, STE has maintained its dividend at S$0.16 per share since 2022.

Singapore Technologies Engineering closed at SGD3.77 on 9 February and they have a forward dividend of SGD0.16 (4.24%)

Boustead Singapore Limited (SGX: F9D)

Boustead, a conglomerate with diversified business interests, reported robust earnings for the first half of fiscal 2024. Its consistent dividend payouts, coupled with significant revenue and profit growth, make it an attractive option for retirees seeking reliable passive income.