3 SGX Dividend Stocks Yielding Over 6.5%

The Singapore market has shown resilience amid global economic uncertainties, with investors increasingly seeking stable income sources. In this environment, dividend stocks yielding over 6.5% offer an attractive proposition for those looking to balance growth with steady returns.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	7.41%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.87%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.54%	★★★★★☆
Multi-Chem (SGX:AWZ)	8.84%	★★★★★☆
UOL Group (SGX:U14)	3.77%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.57%	★★★★★☆
Singapore Exchange (SGX:S68)	3.47%	★★★★★☆
Civmec (SGX:P9D)	5.30%	★★★★★☆
Singapore Airlines (SGX:C6L)	8.14%	★★★★★☆
YHI International (SGX:BPF)	6.77%	★★★★★☆

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

Underneath we present a selection of stocks filtered out by our screen.

YHI International (SGX:BPF)

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

Overview: YHI International Limited, an investment holding company with a market cap of SGD135.65 million, distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.

Operations: YHI International Limited generates revenue through several segments including Distribution - ASEAN (SGD120.10 million), Distribution - Other (SGD22.37 million), Manufacturing - ASEAN (SGD47.72 million), Distribution - Oceania (SGD136.97 million), Distribution - North East Asia (SGD18.29 million), and Manufacturing - North East Asia excluding rental (SGD57.87 million).

Dividend Yield: 6.8%

YHI International trades at 37.2% below its estimated fair value, offering potential upside for investors. Its dividend yield of 6.77% places it in the top 25% of dividend payers in Singapore, though its dividends have been volatile over the past decade with annual drops exceeding 20%. Despite this instability, YHI's dividends are well-covered by earnings (70.1%) and cash flows (26.6%), suggesting a sustainable payout ratio moving forward.

• Dive into the specifics of YHI International here with our thorough dividend report.
• Insights from our recent valuation report point to the potential undervaluation of YHI International shares in the market.

Delfi (SGX:P34)

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

Overview: Delfi Limited, an investment holding company with a market cap of SGD519.48 million, manufactures, markets, distributes, and sells chocolate and consumer products in Indonesia, the Philippines, Malaysia, Singapore, and internationally.

Operations: Delfi Limited generates revenue of $370.41 million from Indonesia and $185.07 million from its Regional Markets segment.

Dividend Yield: 6.7%

Delfi Limited offers a dividend yield of 6.75%, placing it in the top 25% of Singaporean dividend payers. However, its dividends have been volatile and unreliable over the past decade, with significant annual drops. While earnings cover the payout ratio (50.2%), high cash payout ratio (1776.7%) indicates poor coverage by free cash flows, raising sustainability concerns despite recent earnings growth of 5.4%. Analysts predict a potential stock price increase of 30.9%.

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

Bumitama Agri (SGX:P8Z)

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

Overview: Bumitama Agri Ltd. is an investment holding company involved in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia with a market cap of SGD1.24 billion.

Operations: Bumitama Agri Ltd. generates revenue primarily from its Plantations and Palm Oil Mills segment, amounting to IDR15.44 billion.

Dividend Yield: 6.6%

Bumitama Agri's dividend yield of 6.57% ranks it among the top 25% of Singaporean dividend payers. The dividends are well-covered by earnings (payout ratio: 40.4%) and cash flows (cash payout ratio: 60.8%). However, the company has a volatile and unreliable dividend history over the past decade, with significant annual drops exceeding 20%. Earnings are forecasted to decline by an average of 6.5% annually over the next three years, raising sustainability concerns.

• Click here to discover the nuances of Bumitama Agri with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Bumitama Agri's current price could be quite moderate.

Taking Advantage

• Gain an insight into the universe of 19 Top SGX Dividend Stocks by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Looking For Alternative Opportunities?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com