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Gordon Gekko
2023-12-07
Reits due for rebound just like the bull run we just had on the bond market.
4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher
Go to Tiger App to see more news
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Gekko","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4139664326960972","authorIdStr":"4139664326960972"},"themes":[],"htmlText":"Reits due for rebound just like the bull run we just had on the bond market.","listText":"Reits due for rebound just like the bull run we just had on the bond market.","text":"Reits due for rebound just like the bull run we just had on the bond market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249349393535040","repostId":"2389464038","repostType":2,"repost":{"id":"2389464038","kind":"highlight","pubTimestamp":1701914807,"share":"https://ttm.financial/m/news/2389464038?lang=&edition=fundamental","pubTime":"2023-12-07 10:06","market":"sg","language":"en","title":"4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2389464038","media":"The Smart Investor","summary":"If you are looking for high dividend yields coupled with stability, look no further than these four blue-chip names.","content":"<html><head></head><body><p>The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.</p><p>Investors are worried that businesses may start reporting lower revenue and profits as consumer sentiment takes a hit.</p><p>During such troubled times, blue-chip stocks provide a haven that investors can rely on.</p><p>Their long track record, coupled with a strong reputation and experience in dealing with good and bad times, allow them to sail through challenging times to emerge stronger.</p><p>What’s more, most blue-chip stocks also pay out a dividend, thus providing investors with a useful stream of passive income to tide through the storm.</p><p>Here are four reliable blue-chip names sporting dividend yields of 5.5% or higher.</p><h2 id=\"id_2118175000\">OCBC Ltd (SGX: O39)</h2><p>OCBC Ltd is Singapore’s second-largest bank by market capitalisation.</p><p>The lender reported a strong set of earnings for the first nine months of 2023 (9M 2023).</p><p>Total income for 9M 2023 climbed 24% year on year to S$10.2 billion while net profit jumped 32% year on year to S$5.4 billion.</p><p>The bank’s net interest margin for the period also rose to 2.28%, up sharply from the 1.78% registered a year ago.</p><p>OCBC paid out a trailing 12-month dividend of S$0.80, translating into a trailing dividend yield of 6.3%.</p><p>CEO Helen Wong believes that the bank is on track for a resilient full-year performance with a net interest margin of 2.25% and a return on equity above 14%.</p><p>Loan growth is expected in the mid-single-digit region and the lender will maintain its 50% dividend payout ratio when it announces its 2023 results in February 2024.</p><h2 id=\"id_3539544156\">Mapletree Logistics Trust (SGX: M44U)</h2><p>Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 189 properties across eight countries with assets under management (AUM) of S$13.3 billion as of 30 September 2023.</p><p>The REIT reported a commendable set of earnings for its first half of fiscal 2024 (1H FY2024) ending 30 September 2023.</p><p>Gross revenue for 1H FY2024 dipped 0.7% year on year to S$368.9 million with net property income (NPI) slipping 1% year on year to S$320.1 million.</p><p>However, MLT’s distribution per unit (DPU) managed to eke out a small 0.5% year on year increase to S$0.04539.</p><p>The logistics REIT’s trailing 12-month DPU came in at S$0.09034, giving its units a trailing distribution yield of 5.6%.</p><p>MLT’s portfolio occupancy remained robust at 96.9% and the REIT also registered a positive rental reversion of 0.2% for the quarter.</p><p>The REIT had just completed or is completing a series of five divestments in Singapore, Malaysia, and Japan as part of its capital recycling efforts.</p><p>1H FY2024 also saw a series of acquisitions that added eight properties to its portfolio for S$904.4 million.</p><h2 id=\"id_1884105657\">CapitaLand Ascendas REIT (SGX: A17U)</h2><p>CapitaLand Ascendas REIT, or CLAR, is the oldest industrial REIT in Singapore with a portfolio of 230 properties and an AUM of S$17 billion as of 30 June 2023.</p><p>For the first half of 2023 (1H 2023), CLAR reported a 7.7% year on year improvement in gross revenue while NPI shot up 6.7% year on year to S$508.8 million.</p><p>DPU, however, dipped slightly by 2% year on year to S$0.07719.</p><p>CLAR’s trailing 12-month DPU stood at S$0.15644, giving its units a trailing 12-month distribution yield of 5.5%.</p><p>The industrial REIT announced a robust set of operating metrics for its third quarter of 2023 (3Q 2023).</p><p>Portfolio occupancy stayed high at 94.5% and the REIT also enjoyed a positive rental reversion of 10.2%.</p><p>With an aggregate leverage of 37.2%, CLAR can tap on debt for yield-accretive acquisitions.</p><p>The REIT also has several ongoing projects worth S$600 million involving redevelopments or convert-to-suit works to enhance the returns of the portfolio.</p><h2 id=\"id_2674102907\">Frasers Logistics & Commercial Trust (SGX: BUOU)</h2><p>Frasers Logistics & Commercial Trust, or FLCT, has 107 industrial and commercial properties within its portfolio.</p><p>These properties are located in Singapore, the UK, Germany, Australia and the Netherlands with an AUM of S$6.4 billion as of 30 September 2023.</p><p>For its fiscal 2023 (FY2023) ending 30 September, FLCT saw revenue fall by 6.5% year on year to S$420.8 million.</p><p>NPI declined by 9% year on year to S$311.4 million because of higher utility expenses and finance costs.</p><p>DPU dipped by 7.6% year on year to S$0.0704, giving FLCT’s units a trailing distribution yield of 6.4%.</p><p>Despite the lower DPU, FLCT registered a healthy positive rental reversion of 18.9% for its portfolio and boasted a high occupancy rate of 96%.</p><p>The REIT sports a low aggregate leverage of just 30.2% along with a cost of debt of 2.2%, giving it a debt headroom of S$2.7 billion before it hits the 50% limit.</p><p>Elsewhere, FLCT also announced the acquisition of a logistics development on a freehold airport site in the Netherlands.</p><p>This DPU-accretive purchase will be completed by 1 November 2024.</p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-07 10:06 GMT+8 <a href=https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.Investors are worried that businesses may start reporting lower revenue and profits as consumer ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2389464038","content_text":"The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.Investors are worried that businesses may start reporting lower revenue and profits as consumer sentiment takes a hit.During such troubled times, blue-chip stocks provide a haven that investors can rely on.Their long track record, coupled with a strong reputation and experience in dealing with good and bad times, allow them to sail through challenging times to emerge stronger.What’s more, most blue-chip stocks also pay out a dividend, thus providing investors with a useful stream of passive income to tide through the storm.Here are four reliable blue-chip names sporting dividend yields of 5.5% or higher.OCBC Ltd (SGX: O39)OCBC Ltd is Singapore’s second-largest bank by market capitalisation.The lender reported a strong set of earnings for the first nine months of 2023 (9M 2023).Total income for 9M 2023 climbed 24% year on year to S$10.2 billion while net profit jumped 32% year on year to S$5.4 billion.The bank’s net interest margin for the period also rose to 2.28%, up sharply from the 1.78% registered a year ago.OCBC paid out a trailing 12-month dividend of S$0.80, translating into a trailing dividend yield of 6.3%.CEO Helen Wong believes that the bank is on track for a resilient full-year performance with a net interest margin of 2.25% and a return on equity above 14%.Loan growth is expected in the mid-single-digit region and the lender will maintain its 50% dividend payout ratio when it announces its 2023 results in February 2024.Mapletree Logistics Trust (SGX: M44U)Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 189 properties across eight countries with assets under management (AUM) of S$13.3 billion as of 30 September 2023.The REIT reported a commendable set of earnings for its first half of fiscal 2024 (1H FY2024) ending 30 September 2023.Gross revenue for 1H FY2024 dipped 0.7% year on year to S$368.9 million with net property income (NPI) slipping 1% year on year to S$320.1 million.However, MLT’s distribution per unit (DPU) managed to eke out a small 0.5% year on year increase to S$0.04539.The logistics REIT’s trailing 12-month DPU came in at S$0.09034, giving its units a trailing distribution yield of 5.6%.MLT’s portfolio occupancy remained robust at 96.9% and the REIT also registered a positive rental reversion of 0.2% for the quarter.The REIT had just completed or is completing a series of five divestments in Singapore, Malaysia, and Japan as part of its capital recycling efforts.1H FY2024 also saw a series of acquisitions that added eight properties to its portfolio for S$904.4 million.CapitaLand Ascendas REIT (SGX: A17U)CapitaLand Ascendas REIT, or CLAR, is the oldest industrial REIT in Singapore with a portfolio of 230 properties and an AUM of S$17 billion as of 30 June 2023.For the first half of 2023 (1H 2023), CLAR reported a 7.7% year on year improvement in gross revenue while NPI shot up 6.7% year on year to S$508.8 million.DPU, however, dipped slightly by 2% year on year to S$0.07719.CLAR’s trailing 12-month DPU stood at S$0.15644, giving its units a trailing 12-month distribution yield of 5.5%.The industrial REIT announced a robust set of operating metrics for its third quarter of 2023 (3Q 2023).Portfolio occupancy stayed high at 94.5% and the REIT also enjoyed a positive rental reversion of 10.2%.With an aggregate leverage of 37.2%, CLAR can tap on debt for yield-accretive acquisitions.The REIT also has several ongoing projects worth S$600 million involving redevelopments or convert-to-suit works to enhance the returns of the portfolio.Frasers Logistics & Commercial Trust (SGX: BUOU)Frasers Logistics & Commercial Trust, or FLCT, has 107 industrial and commercial properties within its portfolio.These properties are located in Singapore, the UK, Germany, Australia and the Netherlands with an AUM of S$6.4 billion as of 30 September 2023.For its fiscal 2023 (FY2023) ending 30 September, FLCT saw revenue fall by 6.5% year on year to S$420.8 million.NPI declined by 9% year on year to S$311.4 million because of higher utility expenses and finance costs.DPU dipped by 7.6% year on year to S$0.0704, giving FLCT’s units a trailing distribution yield of 6.4%.Despite the lower DPU, FLCT registered a healthy positive rental reversion of 18.9% for its portfolio and boasted a high occupancy rate of 96%.The REIT sports a low aggregate leverage of just 30.2% along with a cost of debt of 2.2%, giving it a debt headroom of S$2.7 billion before it hits the 50% limit.Elsewhere, FLCT also announced the acquisition of a logistics development on a freehold airport site in the Netherlands.This DPU-accretive purchase will be completed by 1 November 2024.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":249349393535040,"gmtCreate":1701916768234,"gmtModify":1701916833277,"author":{"id":"4139664326960972","authorId":"4139664326960972","name":"Gordon Gekko","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4139664326960972","authorIdStr":"4139664326960972"},"themes":[],"htmlText":"Reits due for rebound just like the bull run we just had on the bond market.","listText":"Reits due for rebound just like the bull run we just had on the bond market.","text":"Reits due for rebound just like the bull run we just had on the bond market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249349393535040","repostId":"2389464038","repostType":2,"repost":{"id":"2389464038","kind":"highlight","pubTimestamp":1701914807,"share":"https://ttm.financial/m/news/2389464038?lang=&edition=fundamental","pubTime":"2023-12-07 10:06","market":"sg","language":"en","title":"4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2389464038","media":"The Smart Investor","summary":"If you are looking for high dividend yields coupled with stability, look no further than these four blue-chip names.","content":"<html><head></head><body><p>The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.</p><p>Investors are worried that businesses may start reporting lower revenue and profits as consumer sentiment takes a hit.</p><p>During such troubled times, blue-chip stocks provide a haven that investors can rely on.</p><p>Their long track record, coupled with a strong reputation and experience in dealing with good and bad times, allow them to sail through challenging times to emerge stronger.</p><p>What’s more, most blue-chip stocks also pay out a dividend, thus providing investors with a useful stream of passive income to tide through the storm.</p><p>Here are four reliable blue-chip names sporting dividend yields of 5.5% or higher.</p><h2 id=\"id_2118175000\">OCBC Ltd (SGX: O39)</h2><p>OCBC Ltd is Singapore’s second-largest bank by market capitalisation.</p><p>The lender reported a strong set of earnings for the first nine months of 2023 (9M 2023).</p><p>Total income for 9M 2023 climbed 24% year on year to S$10.2 billion while net profit jumped 32% year on year to S$5.4 billion.</p><p>The bank’s net interest margin for the period also rose to 2.28%, up sharply from the 1.78% registered a year ago.</p><p>OCBC paid out a trailing 12-month dividend of S$0.80, translating into a trailing dividend yield of 6.3%.</p><p>CEO Helen Wong believes that the bank is on track for a resilient full-year performance with a net interest margin of 2.25% and a return on equity above 14%.</p><p>Loan growth is expected in the mid-single-digit region and the lender will maintain its 50% dividend payout ratio when it announces its 2023 results in February 2024.</p><h2 id=\"id_3539544156\">Mapletree Logistics Trust (SGX: M44U)</h2><p>Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 189 properties across eight countries with assets under management (AUM) of S$13.3 billion as of 30 September 2023.</p><p>The REIT reported a commendable set of earnings for its first half of fiscal 2024 (1H FY2024) ending 30 September 2023.</p><p>Gross revenue for 1H FY2024 dipped 0.7% year on year to S$368.9 million with net property income (NPI) slipping 1% year on year to S$320.1 million.</p><p>However, MLT’s distribution per unit (DPU) managed to eke out a small 0.5% year on year increase to S$0.04539.</p><p>The logistics REIT’s trailing 12-month DPU came in at S$0.09034, giving its units a trailing distribution yield of 5.6%.</p><p>MLT’s portfolio occupancy remained robust at 96.9% and the REIT also registered a positive rental reversion of 0.2% for the quarter.</p><p>The REIT had just completed or is completing a series of five divestments in Singapore, Malaysia, and Japan as part of its capital recycling efforts.</p><p>1H FY2024 also saw a series of acquisitions that added eight properties to its portfolio for S$904.4 million.</p><h2 id=\"id_1884105657\">CapitaLand Ascendas REIT (SGX: A17U)</h2><p>CapitaLand Ascendas REIT, or CLAR, is the oldest industrial REIT in Singapore with a portfolio of 230 properties and an AUM of S$17 billion as of 30 June 2023.</p><p>For the first half of 2023 (1H 2023), CLAR reported a 7.7% year on year improvement in gross revenue while NPI shot up 6.7% year on year to S$508.8 million.</p><p>DPU, however, dipped slightly by 2% year on year to S$0.07719.</p><p>CLAR’s trailing 12-month DPU stood at S$0.15644, giving its units a trailing 12-month distribution yield of 5.5%.</p><p>The industrial REIT announced a robust set of operating metrics for its third quarter of 2023 (3Q 2023).</p><p>Portfolio occupancy stayed high at 94.5% and the REIT also enjoyed a positive rental reversion of 10.2%.</p><p>With an aggregate leverage of 37.2%, CLAR can tap on debt for yield-accretive acquisitions.</p><p>The REIT also has several ongoing projects worth S$600 million involving redevelopments or convert-to-suit works to enhance the returns of the portfolio.</p><h2 id=\"id_2674102907\">Frasers Logistics & Commercial Trust (SGX: BUOU)</h2><p>Frasers Logistics & Commercial Trust, or FLCT, has 107 industrial and commercial properties within its portfolio.</p><p>These properties are located in Singapore, the UK, Germany, Australia and the Netherlands with an AUM of S$6.4 billion as of 30 September 2023.</p><p>For its fiscal 2023 (FY2023) ending 30 September, FLCT saw revenue fall by 6.5% year on year to S$420.8 million.</p><p>NPI declined by 9% year on year to S$311.4 million because of higher utility expenses and finance costs.</p><p>DPU dipped by 7.6% year on year to S$0.0704, giving FLCT’s units a trailing distribution yield of 6.4%.</p><p>Despite the lower DPU, FLCT registered a healthy positive rental reversion of 18.9% for its portfolio and boasted a high occupancy rate of 96%.</p><p>The REIT sports a low aggregate leverage of just 30.2% along with a cost of debt of 2.2%, giving it a debt headroom of S$2.7 billion before it hits the 50% limit.</p><p>Elsewhere, FLCT also announced the acquisition of a logistics development on a freehold airport site in the Netherlands.</p><p>This DPU-accretive purchase will be completed by 1 November 2024.</p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Dependable Singapore Blue-Chip Stocks with Dividend Yields of 5.5% or Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-07 10:06 GMT+8 <a href=https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.Investors are worried that businesses may start reporting lower revenue and profits as consumer ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thesmartinvestor.com.sg/4-dependable-singapore-blue-chip-stocks-with-dividend-yields-of-5-5-or-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2389464038","content_text":"The twin worries of high inflation and surging interest rates have cast a pall on the economic outlook.Investors are worried that businesses may start reporting lower revenue and profits as consumer sentiment takes a hit.During such troubled times, blue-chip stocks provide a haven that investors can rely on.Their long track record, coupled with a strong reputation and experience in dealing with good and bad times, allow them to sail through challenging times to emerge stronger.What’s more, most blue-chip stocks also pay out a dividend, thus providing investors with a useful stream of passive income to tide through the storm.Here are four reliable blue-chip names sporting dividend yields of 5.5% or higher.OCBC Ltd (SGX: O39)OCBC Ltd is Singapore’s second-largest bank by market capitalisation.The lender reported a strong set of earnings for the first nine months of 2023 (9M 2023).Total income for 9M 2023 climbed 24% year on year to S$10.2 billion while net profit jumped 32% year on year to S$5.4 billion.The bank’s net interest margin for the period also rose to 2.28%, up sharply from the 1.78% registered a year ago.OCBC paid out a trailing 12-month dividend of S$0.80, translating into a trailing dividend yield of 6.3%.CEO Helen Wong believes that the bank is on track for a resilient full-year performance with a net interest margin of 2.25% and a return on equity above 14%.Loan growth is expected in the mid-single-digit region and the lender will maintain its 50% dividend payout ratio when it announces its 2023 results in February 2024.Mapletree Logistics Trust (SGX: M44U)Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 189 properties across eight countries with assets under management (AUM) of S$13.3 billion as of 30 September 2023.The REIT reported a commendable set of earnings for its first half of fiscal 2024 (1H FY2024) ending 30 September 2023.Gross revenue for 1H FY2024 dipped 0.7% year on year to S$368.9 million with net property income (NPI) slipping 1% year on year to S$320.1 million.However, MLT’s distribution per unit (DPU) managed to eke out a small 0.5% year on year increase to S$0.04539.The logistics REIT’s trailing 12-month DPU came in at S$0.09034, giving its units a trailing distribution yield of 5.6%.MLT’s portfolio occupancy remained robust at 96.9% and the REIT also registered a positive rental reversion of 0.2% for the quarter.The REIT had just completed or is completing a series of five divestments in Singapore, Malaysia, and Japan as part of its capital recycling efforts.1H FY2024 also saw a series of acquisitions that added eight properties to its portfolio for S$904.4 million.CapitaLand Ascendas REIT (SGX: A17U)CapitaLand Ascendas REIT, or CLAR, is the oldest industrial REIT in Singapore with a portfolio of 230 properties and an AUM of S$17 billion as of 30 June 2023.For the first half of 2023 (1H 2023), CLAR reported a 7.7% year on year improvement in gross revenue while NPI shot up 6.7% year on year to S$508.8 million.DPU, however, dipped slightly by 2% year on year to S$0.07719.CLAR’s trailing 12-month DPU stood at S$0.15644, giving its units a trailing 12-month distribution yield of 5.5%.The industrial REIT announced a robust set of operating metrics for its third quarter of 2023 (3Q 2023).Portfolio occupancy stayed high at 94.5% and the REIT also enjoyed a positive rental reversion of 10.2%.With an aggregate leverage of 37.2%, CLAR can tap on debt for yield-accretive acquisitions.The REIT also has several ongoing projects worth S$600 million involving redevelopments or convert-to-suit works to enhance the returns of the portfolio.Frasers Logistics & Commercial Trust (SGX: BUOU)Frasers Logistics & Commercial Trust, or FLCT, has 107 industrial and commercial properties within its portfolio.These properties are located in Singapore, the UK, Germany, Australia and the Netherlands with an AUM of S$6.4 billion as of 30 September 2023.For its fiscal 2023 (FY2023) ending 30 September, FLCT saw revenue fall by 6.5% year on year to S$420.8 million.NPI declined by 9% year on year to S$311.4 million because of higher utility expenses and finance costs.DPU dipped by 7.6% year on year to S$0.0704, giving FLCT’s units a trailing distribution yield of 6.4%.Despite the lower DPU, FLCT registered a healthy positive rental reversion of 18.9% for its portfolio and boasted a high occupancy rate of 96%.The REIT sports a low aggregate leverage of just 30.2% along with a cost of debt of 2.2%, giving it a debt headroom of S$2.7 billion before it hits the 50% limit.Elsewhere, FLCT also announced the acquisition of a logistics development on a freehold airport site in the Netherlands.This DPU-accretive purchase will be completed by 1 November 2024.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
