Hour Glass And 2 More SGX Dividend Stocks To Consider

As the global payment landscape evolves with initiatives like the European Payments Initiative, investors may find stability and potential growth in dividend stocks amidst market fluctuations. In Singapore, where financial markets are known for their robustness, dividend stocks such as Hour Glass can offer investors a blend of income and relative security in uncertain times.

Top 10 Dividend Stocks In Singapore

Name	Dividend Yield	Dividend Rating
BRC Asia (SGX:BEC)	7.51%	★★★★★☆
Civmec (SGX:P9D)	6.04%	★★★★★☆
Singapore Exchange (SGX:S68)	3.58%	★★★★★☆
Multi-Chem (SGX:AWZ)	9.17%	★★★★★☆
UOB-Kay Hian Holdings (SGX:U10)	6.87%	★★★★★☆
China Sunsine Chemical Holdings (SGX:QES)	6.25%	★★★★★☆
UOL Group (SGX:U14)	3.83%	★★★★★☆
Bumitama Agri (SGX:P8Z)	6.74%	★★★★★☆
Singapore Airlines (SGX:C6L)	7.08%	★★★★★☆
YHI International (SGX:BPF)	6.77%	★★★★★☆

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

Here we highlight a subset of our preferred stocks from the screener.

Hour Glass (SGX:AGS)

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

Overview: The Hour Glass Limited operates as an investment holding company, specializing in the retail and distribution of watches, jewelry, and other luxury products across Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market capitalization of SGD 1.00 billion.

Operations: The Hour Glass Limited generates its revenue primarily through the retailing and distribution of watches, jewelry, and other luxury items, totaling SGD 1.13 billion.

Dividend Yield: 5.2%

Hour Glass Limited, despite a slight dip in net income from SGD 172.37 million to SGD 156.49 million in FY2024, maintained its dividend at 6 cents per share, totaling SGD 38.996 million. With a payout ratio of 33.5% and a cash payout ratio of 46.3%, dividends are well-covered by both earnings and cash flows, indicating sustainability despite past volatility in dividend payments and an unreliable track record over the last decade. The company's P/E ratio stands favorable at 6.4x against the broader Singapore market's average of 12x, though its dividend yield of 5.19% remains below the top quartile of SG market payers.

• Navigate through the intricacies of Hour Glass with our comprehensive dividend report here.
• Insights from our recent valuation report point to the potential overvaluation of Hour Glass shares in the market.

Singapore Airlines (SGX:C6L)

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

Overview: Singapore Airlines Limited operates in passenger and cargo air transportation under the Singapore Airlines and Scoot brands across various regions including East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa, with a market capitalization of approximately SGD 24.17 billion.

Operations: Singapore Airlines Limited generates revenue primarily through its Full Service Carrier segment at SGD 16.18 billion, followed by its Low-Cost Carrier operations at SGD 2.45 billion, and Engineering Services contributing SGD 1.09 billion.

Dividend Yield: 7.1%

Singapore Airlines, with a dividend yield of 7.08%, ranks in the top 25% of SG market payers. Its dividends are supported by earnings and cash flows, with a payout ratio of 75.9% and a cash payout ratio of 45.9%. However, its dividend history has been volatile over the past decade. Despite strong earnings growth historically, forecasts predict a significant decline in earnings over the next three years. Recent expansions include forming Singapore Airlines Foundation Ltd., focusing on R&D and social support initiatives.

• Click to explore a detailed breakdown of our findings in Singapore Airlines' dividend report.
• Upon reviewing our latest valuation report, Singapore Airlines' share price might be too pessimistic.

Delfi (SGX:P34)

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

Overview: Delfi Limited is an investment holding company that specializes in manufacturing, marketing, distributing, and selling chocolate and chocolate confectionery products across Indonesia, the Philippines, Malaysia, Singapore, and other international markets with a market capitalization of SGD 534.76 million.

Operations: Delfi Limited generates SGD 370.41 million in revenue from Indonesia and SGD 185.07 million from other regional markets.

Dividend Yield: 6.7%

Delfi Limited exhibits a mixed profile for dividend investors. While its dividend yield of 6.68% stands above the market average, its sustainability is questionable with a cash payout ratio of 1776.7%, indicating dividends are not well covered by cash flows. Additionally, dividends have shown volatility over the past decade, further complicated by earnings that do not fully cover dividend payments. Recent board changes could influence future strategies and governance, potentially impacting financial stability and dividend policies.

• Get an in-depth perspective on Delfi's performance by reading our dividend report here.
• Our valuation report here indicates Delfi may be undervalued.

Next Steps

• Explore the 21 names from our Top SGX Dividend Stocks screener here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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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.

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