SGX Dividend Stocks To Watch In July 2024

As the global banking sector experiences significant shifts, with UK neobanks rapidly gaining ground on traditional banks, investors are keenly watching market trends to identify stable investment opportunities. In this context, dividend stocks on the Singapore Exchange (SGX) present an appealing option for those looking to potentially enhance their portfolios with steady income streams in a dynamic market environment.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	6.99%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.67%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.45%	★★★★★☆
Multi-Chem (SGX:AWZ)	8.80%	★★★★★☆
UOL Group (SGX:U14)	3.70%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.44%	★★★★★☆
Singapore Exchange (SGX:S68)	3.51%	★★★★★☆
Civmec (SGX:P9D)	5.14%	★★★★★☆
Singapore Airlines (SGX:C6L)	6.87%	★★★★★☆
Sing Investments & Finance (SGX:S35)	6.67%	★★★★★☆

Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Aztech Global (SGX:8AZ)

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

Overview: Aztech Global Ltd. operates in the design and manufacturing of IoT devices, data-communication products, and LED lighting, serving markets in Singapore, North America, China, Europe, and internationally with a market capitalization of approximately SGD 0.77 billion.

Operations: Aztech Global Ltd. generates revenue through the design and manufacturing of IoT devices, data-communication products, and LED lighting.

Dividend Yield: 8%

Aztech Global offers a dividend yield of S$8.04%, placing it in the top 25% of dividend payers in Singapore's market average of S$6.24%. Despite its relatively short dividend history of three years, payments have shown growth, supported by a solid earnings payout ratio of 61.7% and cash flow coverage at 77.9%. However, the track record shows volatility in dividends, underscoring potential concerns about payment stability moving forward. Analysts predict a significant upside in stock price, potentially enhancing total returns for investors.

• Navigate through the intricacies of Aztech Global with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that Aztech Global is trading behind its estimated value.

Sheng Siong Group (SGX:OV8)

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

Overview: Sheng Siong Group Ltd is an investment holding company that manages a chain of supermarket retail stores across Singapore, with a market capitalization of approximately SGD 2.26 billion.

Operations: Sheng Siong Group Ltd generates its revenue primarily through supermarket operations that sell consumer goods, totaling approximately SGD 1.39 billion.

Dividend Yield: 4.2%

Sheng Siong Group recently announced a dividend increase to S$0.032 per share and reported a Q1 2024 sales rise to S$376.19 million, with net income up at S$36.32 million. Despite this, its dividend yield of 4.17% lags behind the top quartile in Singapore's market (6.24%). The company's dividends, while covered by earnings and cash flows (payout ratio of 68.7% and cash payout ratio of 50.1%), have experienced volatility over the past decade, indicating potential concerns about future stability despite recent growth in payments.

• Take a closer look at Sheng Siong Group's potential here in our dividend report.
• Our valuation report here indicates Sheng Siong Group may be undervalued.

Civmec (SGX:P9D)

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

Overview: Civmec Limited is an investment holding company that offers construction and engineering services across the energy, resources, infrastructure, and marine and defense sectors in Australia, with a market capitalization of SGD 482.21 million.

Operations: Civmec Limited generates revenue through three primary segments: Energy (A$46.02 million), Resources (A$752.82 million), and Infrastructure, Marine & Defence (A$105.52 million).

Dividend Yield: 5.1%

Civmec's recent contract wins, totaling A$174 million, signal robust operational momentum, crucial for sustaining its dividend payments. The company has a history of stable dividends over the past decade with a current yield of 5.14%, supported by a low payout ratio of 45.4% and cash payout ratio of 27%. However, its dividend yield is below the top quartile in Singapore's market at 6.24%. Earnings growth remains modest at an annual forecast of 3.93%.

• Dive into the specifics of Civmec here with our thorough dividend report.
• Upon reviewing our latest valuation report, Civmec's share price might be too pessimistic.

Turning Ideas Into Actions

• Investigate our full lineup of 20 Top SGX Dividend Stocks right here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Seeking Other Investments?

• 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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