As Singapore navigates a dynamic economic landscape, investors are increasingly looking to dividend stocks for stable returns amid fluctuating market conditions. In this context, selecting the right dividend stocks can provide a reliable income stream, especially when these stocks offer yields of up to 7.2%, making them attractive options for those seeking steady cash flow in uncertain times.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.81% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.32% | ★★★★★☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.90% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.22% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.11% | ★★★★★☆ |
| QAF (SGX:Q01) | 5.99% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.80% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.57% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.48% | ★★★★☆☆ |
Click here to see the full list of 20 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 is an investment holding company that, along with its subsidiaries, distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and other international markets; it has a market cap of SGD144.40 million.
Operations: YHI International Limited generates revenue through several segments, including Distribution in ASEAN (SGD119.40 million), Distribution in Oceania (SGD140.24 million), Manufacturing in ASEAN (SGD55.05 million), Distribution in Other regions (SGD33.31 million), Distribution in North East Asia (SGD17.99 million), and Manufacturing in North East Asia excluding rental income (SGD57.20 million).
Dividend Yield: 6.4%
YHI International's dividend payments are covered by earnings with a payout ratio of 68.9% and a cash payout ratio of 43.3%, indicating sustainability from cash flows. However, its dividend track record has been unstable and unreliable over the past decade, despite some growth in payments during this period. Recent earnings show modest growth, with sales reaching S$198.61 million for the half-year ending June 2024, supporting continued dividend potential amidst volatility concerns.
- Unlock comprehensive insights into our analysis of YHI International stock in this dividend report.
- The analysis detailed in our YHI International valuation report hints at an deflated share price compared to its estimated value.
Jardine Cycle & Carriage (SGX:C07)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Jardine Cycle & Carriage Limited is an investment holding company involved in sectors such as financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property across Indonesia and internationally; it has a market cap of SGD10.77 billion.
Operations: Jardine Cycle & Carriage Limited generates revenue through its operations in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property sectors.
Dividend Yield: 5.6%
Jardine Cycle & Carriage's recent interim dividend of US$0.28 per share reflects a well-covered payout, with earnings and cash flow ratios at 44.4% and 30.8% respectively, ensuring sustainability despite historical volatility in dividends. The company's H1 2024 earnings showed a decline to US$483.3 million from the previous year, impacting its dividend reliability perception, although it trades below estimated fair value, offering potential relative value compared to peers in Singapore's market.
- Click here to discover the nuances of Jardine Cycle & Carriage with our detailed analytical dividend report.
- Our comprehensive valuation report raises the possibility that Jardine Cycle & Carriage is priced lower than what may be justified by its financials.
Singapore Airlines (SGX:C6L)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Singapore Airlines Limited, operating under the Singapore Airlines and Scoot brands, offers passenger and cargo air transportation services across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa with a market cap of SGD23.71 billion.
Operations: Singapore Airlines Limited generates revenue primarily from its Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion) segments.
Dividend Yield: 7.2%
Singapore Airlines' dividend, recently increased to S$0.38 per share, is covered by earnings (75.9% payout ratio) and cash flow (45.9% cash payout ratio), though its historical volatility raises sustainability concerns. Despite a top-tier yield of 7.22%, forecasted earnings declines challenge future growth prospects. Recent operational results show increased passenger and cargo volumes, but lower load factors may impact profitability, influencing dividend reliability amidst ongoing share repurchase activities aimed at enhancing shareholder value.
- Delve into the full analysis dividend report here for a deeper understanding of Singapore Airlines.
- Our valuation report unveils the possibility Singapore Airlines' shares may be trading at a discount.
Turning Ideas Into Actions
- Reveal the 20 hidden gems among our Top SGX Dividend Stocks screener with a single click here.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
- Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
Searching for a Fresh Perspective?
- 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.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About SGX:C6L
Singapore Airlines
Together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa.
Undervalued established dividend payer.
