Stocks offering high growth generally pay out little or no dividends, while those with high dividend yields may not offer much growth.
But if you are looking for this sweet combination, there are several stocks offering it – you just need to look harder.
We dig the homework for you and showcase three companies that not only reported higher profits, but also sport dividend yields of 5.8% or higher.
Multi-Chem (SGX: AWZ)
Multi-Chem has been distributing IT products since 2002 and is a leading regional cybersecurity and network performance products.
The group has a presence in 24 cities across 13 countries.
Multi-Chem reported a commendable set of earnings for 2024, with revenue rising 4% year on year to S$683.7 million.
Gross profit inched up 3% year on year to S$97.5 million.
The group’s net profit increased by 14% year on year to S$30.8 million.
Multi-Chem generated free cash flow of S$36.1…
