Blue-chip stocks are often considered the backbone of any robust investment portfolio, offering investors both stability and peace of mind, thanks to their established nature and dependable performance.
However, focusing solely on blue-chip stocks might mean missing out on opportunities in the mid-cap sector. This segment is home to several companies that offer promising growth potential, along with the added benefit of regular dividend payouts.
For those particularly interested in dividend income, the mid-cap arena presents a valuable hunting ground. Well-managed companies with attractive dividend yields can serve as perfect complements to a portfolio dominated by blue-chip giants.
Let’s take a closer look at four mid-cap stocks that boast enticing dividend yields and should be on every income investor’s radar.
PropNex (SGX: OYY)
As the largest real estate agency in Singapore, PropNex commands an impressive force of 13,057 salespeople as of February 19, 2025. The company provides a comprehensive range of services, including real estate brokerage, training, and consultancy. It also extends its operations to international markets like Indonesia, Malaysia, Vietnam, Cambodia, and Australia.
In 2024, PropNex faced a challenging property climate, leading to a less-than-stellar financial performance. The agency’s revenue saw a 6.6% year-over-year decline, settling at S$783 million, while its gross profit dropped by 12.4% to S$71 million. Despite these setbacks, PropNex remains a key player in its field, holding significant potential for recovery and growth as market conditions improve.
