Blue-chip stocks are popular because of their strong business model and long track record of weathering economic cycles.
These stocks normally form the bedrock of many investors’ portfolios as they offer stability and allow you to have a good night’s sleep.
The good news is that blue-chip stocks also pay out a dividend that can help you to build a stream of passive income.
Here are four attractive blue-chip stocks with dividend yields of 5.3% or higher.
Genting Singapore is the owner and operator of Resorts World Sentosa (RWS), an integrated resort (IR) featuring a casino, a Universal Studios Singapore theme park, and a myriad of entertainment, retail, and dining options.
The group reported a mixed set of earnings for 2024 with revenue rising 5% year on year to S$2.5 billion.
Gross profit, however, dipped by 5% year on year to S$836.1 million.
Net profit stood at S$578.9 million, 5% lower than the previous year.
The IR operator also generated a free cash flow of S$430 million, though this was lower than the previous year’s S$627.1 million.
Genting Singapore declared a final dividend of S$0.02, unchanged from a year ago.
Coupled with the interim dividend of S$0.02, the total dividend paid for 2024 came up to S$0.04, giving Genting Singapore’s shares a trailing dividend yield of 5.3%.
The IR operator opened Universal Studios Singapore’s new themed zone – Illuminator’s Minion Land, in February 2025.
In the third quarter of this year, the group will also open a super luxury all-suite hotel and the Singapore Oceanarium as part of RWS’s rejuvenation and upgrading works.
OCBC is Singapore’s second-largest bank by market capitalisation.
The lender reported a sparkling set of financial results for 2024.
Net interest income inched up 1% year on year to S$9.8 billion while non-interest income climbed 22% year on year to S$4.7 billion.
Total income grew by 7% year on year to S$14.5 billion.
OCBC’s net profit stood at S$7.6 billion, up 8% year on year and at a record high.
OCBC declared a special dividend of S$0.16 per share along with a final dividend of S$0.41, taking 2024’s total dividend to S$1.01, higher than the previous year’s S$0.82.
The bank’s shares offer a trailing dividend yield of 5.9%, and if the special dividend is excluded, this yield will fall to 5%.
Management expects to achieve mid-single-digit loan growth for this year with its net interest margin hovering around the 2% region (2024: 2.2%).
Venture Corporation is a provider of technology products, services, and solutions.
The group serves customers in various technology domains such as life sciences, genomics, medical devices, and luxury lifestyle, to name a few.
Venture reported a downbeat set of earnings for 2024 as the group was still mired in the semiconductor downturn which started in 2023.
Revenue for 2024 fell 9.6% year on year to S$2.7 billion while net profit tumbled 9.3% year on year to S$245 million.
Venture generated S$465.7 million of free cash flow for 2024, close to the S$473.5 million churned out in 2023.
Despite the profit drop, the group declared an unchanged final dividend of S$0.50, taking its 2024 dividend to S$0.75.
Venture’s shares offer a trailing dividend yield of 5.9%.
Management intends to tap the rising demand for hyperscale data centres to grow its networking and communications solutions vertical.
The group also secured new product wins and expanded its share in the test and measurement instrumentation technology domain.
Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 183 properties across eight countries.
MLT’s assets under management stood at S$13.4 billion as of 31 December 2024.
MLT reported a lacklustre set of earnings for the first nine months of fiscal 2025 (9M FY2025) ending 31 December 2024, dragged down by weak foreign currencies and a China slowdown.
Revenue for 9M FY2025 slipped 1% year on year to S$547.4 million while net property income declined by 1.5% year on year to S$472.5 million.
Distribution per unit (DPU) tumbled 10.2% year on year to S$0.06098.
MLT’s trailing 12-month DPU stood at S$0.08309, giving its shares a trailing 12-month distribution yield of 6.3%.
Despite the weaker result, MLT sported a high portfolio occupancy rate of 96.3% and also saw its portfolio post a positive rental reversion of 3.4%.
The manager conducted three accretive acquisitions for properties in Malaysia and Vietnam.
As part of its portfolio rejuvenation efforts, the REIT divested a total of 13 properties in Singapore, Malaysia, China, and Japan, all at premiums to their valuation.
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