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In recent developments, the Singapore market has shown resilience, adapting swiftly to technological advancements and changing consumer preferences. This dynamic environment underscores the importance of selecting stocks that not only offer high yields but also demonstrate stability and growth potential in current market conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| Civmec (SGX:P9D) | 6.01% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.49% | ★★★★★☆ |
| Multi-Chem (SGX:AWZ) | 9.80% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.97% | ★★★★★☆ |
| UOL Group (SGX:U14) | 3.70% | ★★★★★☆ |
| BRC Asia (SGX:BEC) | 7.48% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.91% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.05% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.49% | ★★★★★☆ |
| Sing Investments & Finance (SGX:S35) | 6.03% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top SGX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
BRC Asia
Simply Wall St Dividend Rating: ★★★★★☆
Overview: BRC Asia Limited operates in the prefabrication of steel reinforcement for concrete, serving markets in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India and internationally with a market capitalization of SGD 587.11 million.
Operations: BRC Asia Limited generates revenue primarily through two segments: Trading, which brought in SGD 413.27 million, and Fabrication and Manufacturing, which accounted for SGD 1.21 billion.
Dividend Yield: 7.5%
BRC Asia's dividend yield stands at S$7.48%, ranking in the top 25% in the Singapore market. Despite trading at 54.7% below its estimated fair value, BRC Asia has demonstrated a volatile dividend history over the past decade, with payments not consistently growing and experiencing significant fluctuations. However, dividends are well-supported financially, evidenced by a low payout ratio of 38% and a cash payout ratio of 28.1%, indicating that earnings and cash flows adequately cover distributions.
DBS Group Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DBS Group Holdings Ltd operates as a commercial bank offering financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and globally, with a market capitalization of approximately SGD 100.97 billion.
Operations: DBS Group Holdings Ltd generates its revenue primarily through commercial banking and financial services across various regions including Singapore, Hong Kong, Greater China, South and Southeast Asia, and other international markets.