3 SGX Dividend Stocks Offering Up To 6.5% Yield

As global payment trends evolve, with a notable shift towards digital and contactless methods as seen in the UK's recent financial activities, investors might consider the stability offered by dividend stocks. In Singapore's dynamic market environment, these stocks can provide a consistent income stream which could be particularly appealing given current economic fluctuations.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	6.72%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.67%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.37%	★★★★★☆
Multi-Chem (SGX:AWZ)	8.80%	★★★★★☆
UOL Group (SGX:U14)	3.70%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.49%	★★★★★☆
Singapore Exchange (SGX:S68)	3.51%	★★★★★☆
Civmec (SGX:P9D)	5.19%	★★★★★☆
Singapore Airlines (SGX:C6L)	6.80%	★★★★★☆
YHI International (SGX:BPF)	6.56%	★★★★★☆

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

We'll examine a selection from our screener results.

YHI International (SGX:BPF)

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

Overview: YHI International Limited operates as an investment holding company that distributes automotive and industrial products across regions including Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand, and other international markets, with a market capitalization of SGD 140.02 million.

Operations: YHI International Limited generates revenue through several segments, with SGD 120.10 million from Distribution in ASEAN, SGD 47.72 million from Manufacturing in ASEAN, SGD 136.97 million from Distribution in Oceania, and SGD 57.87 million from Manufacturing in North East Asia (excluding rental).

Dividend Yield: 6.6%

YHI International, despite a recent dividend decrease to S$0.0315 per share as of April 2024, maintains a relatively sustainable payout with an earnings coverage ratio at 70.1% and a cash payout ratio at 26.6%. While the firm's dividends have shown growth over the past decade, they've also been marked by volatility and inconsistency in payments. Currently trading below its estimated fair value by 26.9%, YHI offers potential value albeit with noted instability in its dividend history.

• Take a closer look at YHI International's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that YHI International is trading behind its estimated value.

Bumitama Agri (SGX:P8Z)

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

Overview: Bumitama Agri Ltd. is an investment holding company based in Indonesia, specializing in the production and trade of crude palm oil and palm kernel, with a market capitalization of approximately SGD 1.26 billion.

Operations: Bumitama Agri Ltd. primarily generates revenue from its plantations and palm oil mills segment, totaling IDR 15.44 billion.

Dividend Yield: 6.5%

Bumitama Agri Ltd., with a dividend yield of 6.49%, positions itself above the Singapore market average. The company's dividends are supported by a payout ratio of 40.4% and a cash payout ratio of 60.8%, indicating reasonable coverage by both earnings and cash flows despite a history of volatility in dividend payments over the last decade. Recent board enhancements, including the appointment of Ms Ng Yi Wayn, aim to strengthen governance, potentially stabilizing future payouts.

• Get an in-depth perspective on Bumitama Agri's performance by reading our dividend report here.
• Our expertly prepared valuation report Bumitama Agri implies its share price may be lower than expected.

Civmec (SGX:P9D)

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

Overview: Civmec Limited, an investment holding company based in Australia, offers construction and engineering services to sectors including energy, resources, infrastructure, and marine and defense, with a market capitalization of approximately SGD 479.67 million.

Operations: Civmec Limited generates revenue through its services in the energy sector (A$46.02 million), resources sector (A$752.82 million), and combined infrastructure, marine, and defense sectors (A$105.52 million).

Dividend Yield: 5.2%

Civmec Limited offers a modest dividend yield of 5.19%, slightly below the top quartile in Singapore's market. Its dividends are well-supported, with a payout ratio of 45.4% and a cash payout ratio of 27%, reflecting stable coverage from both earnings and cash flows over the past decade. Despite trading at 38.6% under its estimated fair value, recent significant contract awards totaling A$174 million bolster its operational outlook, potentially enhancing future dividend reliability and growth prospects.

• Navigate through the intricacies of Civmec with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, Civmec's share price might be too pessimistic.

Turning Ideas Into Actions

• Explore the 20 names from our Top SGX Dividend Stocks screener 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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