Hunting for Dividend Aristocrats in the Singapore Market

If you trade the US market, you may have heard of the term 'S&P500 Dividend Aristocrats'.

Dividend aristocrats are a group of companies that have consistently increased their dividends for at least 25 consecutive years. They are a subset of dividend-paying stocks, which are companies that pay out a portion of their profits to shareholders in the form of dividends.

To qualify as a dividend aristocrat, a company must meet the following criteria:

• Be a member of the S&P 500 index.
• Have increased its dividend for at least 25 consecutive years.
• Have a market capitalization of at least $3 billion.
• Have an average daily trading volume of at least $5 million.

Dividend aristocrats are generally considered to be safe, long-term investments. They have a history of increasing their dividends, even during difficult economic times. This makes them a good option for investors who are looking for income from their investments.

I wonder if there were any companies listed on the Singapore Stock Exchange that managed to increase their dividends for the last 10 years.

I couldn't find any that increased its dividends for the last 10 years, but I did find some companies that did not decrease their dividends (ie. they maintained the same dividend as the previous year).

Here they are:

HKLand 

HKLand has maintained its dividends at $0.22 for the last 5 years. It has not reduced its dividends, but there is no increase either!

The growth in EPS, however, is not good. There were negative EPS in 2021 and 2020.

On average, over the last 10 years, the EPS growth is -115.9%, and the dividend growth is +2.67%.

Micromechanics 

Micromechanics also managed not to decrease its dividends in the last 10 years. 

The growth in EPS looks quite decent too. 2019 was the only year where EPS decreased from the previous year. 

On average, over the last 10 years, the EPS growth is +19.0%, and the dividend growth is +18.2%.

Raffles Medical Group

RMG had a bump in dividends in 2022. It also managed not to decrease its dividends in the last 10 years.

The growth in EPS looks decent, with a decrease in EPS only for 2018 and 2019.

On average, over the last 10 years, the EPS growth is +10.1%, and the dividend growth is +10.0%.

SGX

SGX also managed not to decrease its dividends in the last 10 years.

The growth in EPS is smaller than Micromechanics and RMG though, but hard to compare since they are different industries. There was a decrease in EPS for 2014 and 2021.

On average, over the last 10 years, the EPS growth is +4.7%, and the dividend growth is +1.7%.

Hope this helps you in your trading journey.