3 SGX Dividend Stocks Yielding Over 6%

Amidst global economic uncertainties and recent corporate restructuring, the Singapore market has shown resilience with steady performance in its major indices. In such a climate, dividend stocks yielding over 6% can offer investors a reliable income stream and potential for long-term growth.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	7.41%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.75%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.49%	★★★★★☆
YHI International (SGX:BPF)	6.36%	★★★★★☆
Civmec (SGX:P9D)	5.42%	★★★★★☆
Singapore Exchange (SGX:S68)	3.46%	★★★★★☆
Singapore Airlines (SGX:C6L)	7.86%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.57%	★★★★☆☆
Oversea-Chinese Banking (SGX:O39)	6.15%	★★★★☆☆
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.

YHI International (SGX:BPF)

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

Overview: YHI International Limited, an investment holding company with a market cap of SGD144.40 million, distributes automotive and industrial products in Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally through its subsidiaries.

Operations: YHI International Limited generates revenue from various segments, including Distribution - ASEAN (SGD119.40 million), Distribution - Other (SGD33.31 million), Manufacturing - ASEAN (SGD55.05 million), Distribution - Oceania (SGD140.24 million), Distribution - North East Asia (SGD17.99 million), and Manufacturing - North East Asia excluding rental (SGD57.20 million).

Dividend Yield: 6.4%

YHI International reported half-year earnings ending June 30, 2024, with sales of S$198.61 million and net income of S$7.71 million. The company's dividend yield is in the top 25% of the SG market, with a payout ratio of 68.9%, indicating dividends are covered by earnings. Despite a history of volatile and unreliable dividend payments over the past decade, recent cash flow coverage (43.3%) suggests current dividends are sustainable.

• Delve into the full analysis dividend report here for a deeper understanding of YHI International.
• The valuation report we've compiled suggests that YHI International's current price could be quite moderate.

DBS Group Holdings (SGX:D05)

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

Overview: DBS Group Holdings Ltd offers commercial banking and financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally with a market cap of SGD101.14 billion.

Operations: DBS Group Holdings Ltd generates revenue primarily from Consumer Banking/Wealth Management (SGD9.34 billion), Institutional Banking (SGD9.18 billion), and Treasury Markets (SGD695 million).

Dividend Yield: 6.1%

DBS Group Holdings' recent half-year earnings report showed net interest income of S$7.10 billion and net income of S$5.74 billion, reflecting solid growth compared to the previous year. The company announced an interim dividend of 54 cents per share, payable on August 26, 2024. Although DBS has had a volatile dividend history over the past decade, its current payout ratio of 54.1% suggests dividends are well-covered by earnings and expected to remain sustainable in the near term.

• Take a closer look at DBS Group Holdings' potential here in our dividend report.
• Upon reviewing our latest valuation report, DBS Group Holdings' share price might be too pessimistic.

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 SGD358.15 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: 6.5%

China Sunsine Chemical Holdings has a cash payout ratio of 34%, indicating that its dividend payments are well covered by free cash flow. The dividend yield stands in the top 25% of the Singapore market, but the company has had a volatile dividend track record over the past decade. Despite trading at good value compared to peers and industry, investors should note that dividends have been unreliable historically. The company will report Q2 2024 earnings on August 13, 2024.

• Get an in-depth perspective on China Sunsine Chemical Holdings' performance by reading our dividend report here.
• The analysis detailed in our China Sunsine Chemical Holdings valuation report hints at an deflated share price compared to its estimated value.

Make It Happen

• Embark on your investment journey to our 19 Top SGX Dividend Stocks selection here.
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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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