3 SGX Dividend Stocks To Consider Yielding Up To 6.6%

The Singapore market is currently abuzz with discussions around the rapid advancements in artificial intelligence, as highlighted by international events like GITEX Global, which emphasize the growing importance of digital innovation and collaboration. In such a dynamic environment, dividend stocks can offer investors a measure of stability and income potential; here are three SGX-listed options yielding up to 6.6% that might be worth considering.

Top 10 Dividend Stocks In Singapore

Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

BRC Asia (SGX:BEC)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: BRC Asia Limited, with a market cap of SGD658.44 million, operates in the prefabrication of steel reinforcement for concrete across Singapore and several international markets including Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, and India.

Operations: BRC Asia Limited's revenue is primarily derived from two segments: Trading, which accounts for SGD319.71 million, and Fabrication and Manufacturing, contributing SGD1.35 billion.

Dividend Yield: 6.7%

BRC Asia offers a compelling dividend yield of 6.67%, placing it in the top 25% of Singapore's market. Despite this, its dividend track record is unstable, with volatility over the past decade. The company's dividends are well-covered by earnings and cash flows, boasting a payout ratio of 35.9%. Trading at good value compared to peers, BRC Asia has seen recent earnings growth but faces forecasted declines ahead. Recent board changes include Ms. Low Mei Wan's resignation as Company Secretary.

• Take a closer look at BRC Asia's potential here in our dividend report.
• Our expertly prepared valuation report BRC Asia implies its share price may be lower than expected.

DBS Group Holdings (SGX:D05)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: DBS Group Holdings Ltd is a financial services provider offering commercial banking and other financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally, with a market cap of SGD110.04 billion.

Operations: DBS Group Holdings Ltd generates revenue primarily through its Consumer Banking/Wealth Management segment at SGD9.34 billion and its Institutional Banking segment at SGD9.18 billion, with additional contributions from Treasury Markets amounting to SGD695 million.

Dividend Yield: 5.6%

DBS Group Holdings has demonstrated consistent earnings growth, with a 15% annual increase over the past five years. Its dividend payments, although volatile and unreliable in the past decade, are currently covered by earnings with a payout ratio of 54.1%. The dividend yield is slightly below Singapore's top tier at 5.58%. Recent executive changes include Tan Su Shan's appointment as Deputy CEO and upcoming leadership transitions may impact strategic direction.

• Navigate through the intricacies of DBS Group Holdings with our comprehensive dividend report here.
• According our valuation report, there's an indication that DBS Group Holdings' share price might be on the cheaper side.

Sheng Siong Group (SGX:OV8)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Sheng Siong Group Ltd is an investment holding company that operates a chain of supermarket retail stores in Singapore, with a market cap of SGD2.38 billion.

Operations: The company's revenue is primarily derived from its supermarket operations selling consumer goods, totaling SGD1.39 billion.

Dividend Yield: 4%

Sheng Siong Group's dividend is covered by earnings with a payout ratio of 69.6% and cash flows at 51.8%, indicating sustainability despite a volatile history over the past decade. Although its dividend yield of 3.96% is below Singapore's top tier, dividends have grown over ten years, supported by consistent earnings growth—9% annually for five years. Recent changes include Mr. Lee Wei Hsiung's appointment as Joint Company Secretary effective September 2024.

• Get an in-depth perspective on Sheng Siong Group's performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that Sheng Siong Group is trading behind its estimated value.

Key Takeaways

• Delve into our full catalog of 19 Top SGX Dividend Stocks here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
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Interested In Other Possibilities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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