SGX Dividend Stocks To Watch Now Featuring Boustead Singapore And 2 Others

As Singapore's Ministry of Home Affairs prepares to introduce the Protection from Scams Bill, the market is closely watching how these regulatory changes might impact investor sentiment and financial transactions. In this evolving landscape, dividend stocks can offer a reliable income stream and stability, making them an attractive option for investors seeking consistent returns amidst potential market uncertainties.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	6.99%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.59%	★★★★★☆
YHI International (SGX:BPF)	6.56%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.10%	★★★★★☆
Singapore Exchange (SGX:S68)	3.31%	★★★★★☆
Singapore Airlines (SGX:C6L)	7.62%	★★★★★☆
Civmec (SGX:P9D)	5.64%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.34%	★★★★☆☆
Oversea-Chinese Banking (SGX:O39)	6.00%	★★★★☆☆
Delfi (SGX:P34)	6.97%	★★★★☆☆

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

Let's dive into some prime choices out of the screener.

Boustead Singapore (SGX:F9D)

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

Overview: Boustead Singapore Limited is an investment holding company offering energy engineering, real estate, geospatial, and healthcare technology solutions across multiple regions including Singapore, Australia, Malaysia, the United States, Europe, Asia Pacific, the Americas, the Middle East and Africa with a market cap of SGD477.47 million.

Operations: Boustead Singapore Limited's revenue segments include Geospatial (SGD212.67 million), Healthcare (SGD10.58 million), Energy Engineering (SGD174.41 million), and Real Estate Solutions (SGD369.46 million).

Dividend Yield: 5.5%

Boustead Singapore's recent proposal of a final tax-exempt dividend of S$0.04 per share highlights its commitment to returning value to shareholders, despite a historically volatile dividend track record. While earnings grew by 41.6% over the past year and the stock trades at 13.7% below estimated fair value, its dividend yield of 5.5% remains lower than the market's top quartile. Notably, dividends are well-covered by both earnings (40.9%) and cash flows (28.8%), suggesting sustainability amidst past volatility.

• Click to explore a detailed breakdown of our findings in Boustead Singapore's dividend report.
• In light of our recent valuation report, it seems possible that Boustead Singapore is trading beyond its estimated value.

Genting Singapore (SGX:G13)

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

Overview: Genting Singapore Limited, an investment holding company with a market cap of SGD9.90 billion, primarily engages in the construction, development, and operation of integrated resort destinations in Asia.

Operations: Genting Singapore Limited generates revenue through its integrated resort destinations in Asia, with key segments including gaming at SGD1.72 billion, non-gaming at SGD0.54 billion, and hotel operations contributing SGD0.32 billion.

Dividend Yield: 4.9%

Genting Singapore's dividend payments have been volatile over the past decade, with a payout ratio of 69.8% and cash payout ratio of 72.3%, indicating coverage by both earnings and cash flows. Despite a recent increase in dividends to S$0.02 per share, the yield remains low at 4.88% compared to top market payers. Recent earnings growth of 30% and improved half-year results suggest potential stability, but historical unreliability remains a concern for long-term investors.

• Click here to discover the nuances of Genting Singapore with our detailed analytical dividend report.
• Our valuation report unveils the possibility Genting Singapore's shares may be trading at a discount.

China Sunsine Chemical Holdings (SGX:QES)

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

Overview: China Sunsine Chemical Holdings Ltd. is an investment holding company that manufactures and sells specialty chemicals globally, with a market cap of SGD 376.97 million.

Operations: China Sunsine Chemical Holdings Ltd. generates revenue primarily from Rubber Chemicals (CN¥4.39 billion), Heating Power (CN¥202.99 million), and Waste Treatment (CN¥25.06 million).

Dividend Yield: 6.1%

China Sunsine Chemical Holdings offers a dividend yield in the top 25% of the SG market, with dividends covered by both earnings (21.1% payout ratio) and cash flows (34% cash payout ratio). However, its dividend payments have been unstable over the past decade. Recent half-year results show slight growth in sales to CNY 1.75 billion and stable net income at CNY 188.8 million, reflecting consistent but modest financial performance.

• Get an in-depth perspective on China Sunsine Chemical Holdings' performance by reading our dividend report here.
• Our valuation report here indicates China Sunsine Chemical Holdings may be undervalued.

Seize The Opportunity

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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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