Just a quick snapshot of Comfort Delgro's Dividend History. CDG is one of my large holdings which was adversely affected by COVID. Fortunately it has bounced back strongly (unlike REITS). However, the bounce may well be 'too fast too soon' because the pace of earnings and dividend recovery and 'slow and steady'. Do not expect earnings fireworks from a company that gets revenue but bus, taxi, and train. Comfort is not a growth stock.
As I said back in my blogpost 2 Dec 2023: With higher interest rates, companies that are 'nett cash' like CDG are looking more attractive than companies with massive debt servicing costs.
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