4 Dividend-Paying Singapore Food and Beverage Stocks That Could Deliver Delicious Returns: Delfi Ltd

Delfi manufactures branded consumer goods and has an established portfolio of chocolate confectionery brands such as SilverQueen and Ceres which are household names in Indonesia and the Philippines.

The group also distributes a portfolio of third-party agency brands in Indonesia, Malaysia, and the Philippines.

Delfi released its fiscal 2023 first quarter (1Q 2023) business update recently.

Gross profit margin also improved slightly from 29.1% in 1Q 2022 to 30.4% in the current quarter.

The group also generated a healthy free cash flow of S$19.8 million for 1Q 2023.

For 2022, Delfi declared a final dividend of US$0.02 and a special dividend of US$0.0072, taking the total dividend for the year to US$0.043.

The total dividend was nearly 52% higher than 2021 and the rise was in tandem with the group’s nearly 50% year on year jump in net profit to US$43.9 million for last year.