SGX Dividend Stocks To Watch In July 2024

Amidst the evolving global financial landscape marked by the FATF's updated advisories on jurisdictions with strategic deficiencies, investors in Singapore's market remain keenly observant of shifts that could influence economic and market stability. In such a climate, dividend stocks often gain attention for their potential to offer relative stability and consistent returns. A good dividend stock typically features robust fundamentals and a history of stable payouts, qualities that become particularly appealing in uncertain economic times highlighted by recent FATF announcements.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	6.56%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.72%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.28%	★★★★★☆
Multi-Chem (SGX:AWZ)	8.02%	★★★★★☆
UOL Group (SGX:U14)	3.68%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.60%	★★★★★☆
Civmec (SGX:P9D)	5.68%	★★★★★☆
Singapore Exchange (SGX:S68)	3.51%	★★★★★☆
Singapore Airlines (SGX:C6L)	6.75%	★★★★★☆
YHI International (SGX:BPF)	6.56%	★★★★★☆

Click here to see the full list of 21 stocks from our Top SGX Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

China Sunsine Chemical Holdings (SGX:QES)

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

Overview: China Sunsine Chemical Holdings Ltd. is an investment holding company that produces and markets specialty chemicals across China, Asia, the United States, and Europe, with a market capitalization of approximately SGD 372.51 million.

Operations: China Sunsine Chemical Holdings Ltd. generates revenue primarily from its Rubber Chemicals segment, which earned CN¥4.38 billion, supplemented by smaller contributions from Heating Power and Waste Treatment segments amounting to CN¥221.29 million and CN¥29.76 million respectively.

Dividend Yield: 6.3%

China Sunsine Chemical Holdings recently announced a share repurchase program and declared dividends totaling 2.5 Singapore cents per share for FY 2023, reflecting a commitment to returning value to shareholders despite its past dividend volatility. The company's profit margins have dipped this year compared to last, indicating some financial pressure. However, with a dividend yield in the top quartile for the Singapore market and dividends well-covered by both earnings and cash flows (payout ratios of 20.8% and 30.2%, respectively), the sustainability of payouts appears manageable within current financial structures, though historical instability in dividend payments suggests cautious optimism is warranted for long-term investors looking at steady income streams from their holdings.

• Click here to discover the nuances of China Sunsine Chemical Holdings with our detailed analytical dividend report.
• Our valuation report unveils the possibility China Sunsine Chemical Holdings' shares may be trading at a discount.

Sing Investments & Finance (SGX:S35)

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

Overview: Sing Investments & Finance Limited offers financing solutions to both individuals and corporations within Singapore, with a market capitalization of approximately SGD 238.80 million.

Operations: Sing Investments & Finance Limited generates its revenue primarily through its credit and lending services, amounting to SGD 68.26 million.

Dividend Yield: 5.9%

Sing Investments & Finance exhibits a mixed dividend profile. While its current yield of 5.94% falls slightly below the market's top dividend payers, its dividends are well-supported by both earnings and cash flows, with payout ratios of 42.7% and 9.6%, respectively. However, investors should note the company's decade-long history of unstable and volatile dividend payments, which may raise concerns about future reliability despite recent improvements in dividend growth and valuation attractiveness at 40.7% below estimated fair value.

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

UOL Group (SGX:U14)

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

Overview: UOL Group Limited operates in property development and hospitality across multiple countries including Singapore, Australia, the UK, and the US, with a market capitalization of SGD 4.60 billion.

Operations: UOL Group Limited generates revenue primarily through Property Development in Singapore (SGD 1.16 billion), followed by Hotel Operations in Singapore (SGD 464.93 million), Property Investments (SGD 518.93 million), and smaller contributions from Hotel Operations in Australia (SGD 125.64 million) and Technology Operations (SGD 110.08 million).

Dividend Yield: 3.7%

UOL Group Limited maintains a steady dividend yield of 3.68%, underpinned by a conservative payout ratio of 17.9% and cash flow coverage at 59.3%. Despite dividends growing over the past decade, the yield remains modest compared to top market payers. Recent executive changes with the appointment of Mr. Ng Tiang Poh as CFO could impact financial strategies going forward, alongside special dividends announced in April 2024, signaling potential positive shifts in shareholder returns.

• Get an in-depth perspective on UOL Group's performance by reading our dividend report here.
• According our valuation report, there's an indication that UOL Group's share price might be on the cheaper side.

Seize The Opportunity

• Investigate our full lineup of 21 Top SGX Dividend Stocks right here.
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Ready To Venture Into Other Investment Styles?

• 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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