Over the last 7 days, the Singapore market has dropped 5.1%, and it has seen a decline of 4.1% over the past year, although earnings are forecast to grow by 10% annually. In such fluctuating conditions, dividend stocks can offer stability and consistent returns, making them a valuable addition to any portfolio.

Top 10 Dividend Stocks In Singapore

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

Let's explore several standout options from the results in the screener.

Sheng Siong Group

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

Overview: Sheng Siong Group Ltd, an investment holding company with a market cap of SGD2.32 billion, operates a chain of supermarket retail stores in Singapore.

Operations: Sheng Siong Group Ltd generates revenue of SGD1.39 billion from its supermarket operations selling consumer goods in Singapore.

Dividend Yield: 4.1%

Sheng Siong Group Ltd reported half-year sales of S$714.2 million, up from S$690.48 million a year ago, with net income rising to S$69.91 million from S$65.36 million. Despite volatile dividend payments over the past decade, the company maintains a reasonable payout ratio of 69.6% and cash payout ratio of 51.8%, suggesting dividends are covered by both earnings and cash flows, though its 4.06% yield is below top-tier payers in Singapore's market.

• Unlock comprehensive insights into our analysis of Sheng Siong Group stock in this dividend report.

• Our valuation report unveils the possibility Sheng Siong Group's shares may be trading at a discount.

Bumitama Agri

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: The company's revenue primarily comes from its Plantations and Palm Oil Mills segment, which generated IDR15.44 trillion.

Dividend Yield: 6.6%

Bumitama Agri's dividend yield of 6.61% places it in the top 25% of Singapore's market. Despite a reasonable cash payout ratio of 60.8%, its dividends have been volatile and unreliable over the past decade, with significant annual drops. The company maintains a low payout ratio of 40.4%, ensuring dividends are well covered by earnings, but its unstable track record raises concerns about sustainability despite trading at a good value relative to peers and industry standards.

• Get an in-depth perspective on Bumitama Agri's performance by reading our dividend report here.

• Our valuation report here indicates Bumitama Agri may be undervalued.

Singapore Exchange

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

Overview: Singapore Exchange Limited, with a market cap of SGD10.49 billion, operates as an integrated securities and derivatives exchange along with related clearing houses in Singapore.

Operations: Singapore Exchange Limited generates revenue from securities trading, derivatives trading, and clearing services in Singapore.

Dividend Yield: 3.5%

Singapore Exchange Limited's dividend payments are well-covered by earnings (63% payout ratio) and cash flows (65.9% cash payout ratio). Despite a lower yield of 3.46%, the dividends have been stable and growing over the past decade. Recent earnings results showed an increase in revenue to S$1.23 billion and net income to S$597.91 million for the year ended June 30, 2024, indicating solid financial health supporting its dividend sustainability.

• Click here and access our complete dividend analysis report to understand the dynamics of Singapore Exchange.

• Our comprehensive valuation report raises the possibility that Singapore Exchange is priced lower than what may be justified by its financials.

Key Takeaways

• Click through to start exploring the rest of the 17 Top SGX Dividend Stocks now.

• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.

• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Curious About Other Options?

• 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.

Companies discussed in this article include SGX:OV8 SGX:P8Z and SGX:S68.

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