This company paid dividends even when it was in the red, thanks to strong cashflows

SINGAPORE (Jan 13): Big companies with resilient earnings are usually relied upon to pay consistent dividends. But that consistency tends to drive up their share price and drive down their dividend yields.

On the other hand, smaller or cyclically oriented companies are often generous dividend payers who can also offer very high yields. But that means investors need to tolerate periods of drought or adopt a tactical investing approach.

One such company is Hiap Seng Engineering, who appears to be coming out of its dividend drought. Hiap Seng does engineering and construction works and maintenance works for the petroleum and petrochemicals industries.

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