Blue-chip stocks are a favourite with investors for a great reason – they are storied names that provide stability and a good night's sleep.
They are so-named because of their size and reputation, both of which stand them in good stead to weather a possible recession.
Of course, not all blue-chip companies rank the same.
Some have fallen on hard times in recent years while others continue to do well.
As an investor, you should focus on those that not only deliver a steady dividend but also have promising growth prospects.
Here are five such blue-chip stocks that can supply your portfolio with an attractive mix of growth and yield.
Mapletree Industrial Trust
$Mapletree Ind Tr (ME8U.SG)$, or MIT, is an industrial REIT that owns a portfolio of 141 properties worth S$8.8 billion as of 30 June 2022.
Slightly more than half of its portfolio's value comprises data centres while the rest consists of business parks, flatted factories, and Hi-Tech buildings.
MIT has grown its asset base four-fold since its IPO, going from S$2.2 billion to the current S$8.8 billion.
The industrial REIT's distribution per unit (DPU) has also climbed in tandem, going from S$0.0841 for fiscal 2012 (FY2012) to S$0.138 in FY2022.
At today's share price, the REIT's units provide a trailing distribution yield of 5.3%.
MIT's gearing stood at 38.4% with an all-in cost of debt of 2.5%. 72.3% of the REIT's total debt is on fixed rates.
There could be further growth ahead with the redevelopment of the Kolam Ayer 2 cluster of three buildings. These will be completed in the second half of 2022 and the first half of 2023.
Keppel Corporation
$Keppel Corp (BN4.SG)$ is a conglomerate with four key divisions – energy and environment, urban development, connectivity, and asset management.
The group reported a sturdy set of financials for its fiscal 2022's first half (1H2022).
Revenue rose 16% year on year to S$3.36 billion, led by a 60% year on year revenue jump in the energy and environment division.
Operating profit jumped 71% year on year to S$355 million while net profit surged by 66% year on year to S$498 million.
An interim dividend of S$0.15 was declared, 25% higher than the S$0.12 paid out last year.
Coupled with last year's final dividend of S$0.21, Keppel Corporation's trailing 12-month dividend stands at S$0.36, giving its shares a trailing dividend yield of 5.1%.
ComfortDelGro Corporation
$ComfortDelGro (C52.SG)$, or CDG, is one of the world's largest land transport companies with a total fleet size of 34,000 buses, taxis and rental vehicles.
It also runs 177 kilometres of the light rail networks in both Singapore and New Zealand.
The land transport giant's recent 1H2022 earnings showed significantly higher operating and net profit.
Higher profits were also reported by its public transport and taxi divisions.
A special dividend of S$0.0141 was declared to reward shareholders as the group disposed of a London property at a significant gain.
The total trailing dividend stood at S$0.0636, giving CDG's shares a trailing dividend yield of 4.5%.
CapitaLand Integrated Commercial Trust
$CapLand IntCom T (C38U.SG)$, or CICT, is a retail cum commercial REIT that owns 21 properties in Singapore, two in Germany, and three in Australia.
Collectively, the total property value was S$24.2 billion as of 31 December 2021.
CICT posted a resilient set of earnings for 1H2022, with gross revenue rising 6.5% year on year and net property income increasing by 6.2% year on year.
DPU inched up to S$0.0522 for 1H2022, with trailing 12-month DPU at S$0.1044.
CICT's units provide a trailing distribution yield of 5.1%.
The REIT's aggregate leverage stood at 40.6% with a cost of debt of 2.4%.
New retail offerings were introduced in malls such as Bugis Junction, Funan, and Raffles City Singapore.
CICT also plans to spend S$62 million to implement asset enhancement initiatives for Clarke Quay to transform it into a day-and-night destination.
Venture Corporation Limited
$Venture (V03.SG)$ is a global provider of technology products, services and solutions.
The group manages a portfolio of more than 5,000 products and solutions and employs over 12,000 people globally.
Venture's 1H2022 results showed strong growth for both its top and bottom lines.
Revenue jumped 25.4% year on year to S$1.8 billion while net profit climbed 24.1% year on year to S$174.3 million.
The group declared an interim dividend of S$0.25, unchanged from last year.
Together with FY2021's final dividend of S$0.50, the trailing 12-month dividend came up to S$0.75 and the technology company's shares a trailing dividend yield of 4.1%.