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3 Leading SGX Dividend Stocks Yielding Up To 5.7%

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The Singapore market has shown resilience amidst global economic uncertainties, with major indices maintaining steady performance. In this context, dividend stocks have garnered attention for their potential to provide consistent income streams. A good dividend stock typically combines strong financial health with a history of reliable dividend payments, making it an attractive option in today's market conditions.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.11%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.75%

★★★★★☆

YHI International (SGX:BPF)

6.49%

★★★★★☆

Singapore Exchange (SGX:S68)

3.17%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.44%

★★★★★☆

QAF (SGX:Q01)

6.13%

★★★★★☆

Genting Singapore (SGX:G13)

4.82%

★★★★☆☆

UOB-Kay Hian Holdings (SGX:U10)

6.30%

★★★★☆☆

Oversea-Chinese Banking (SGX:O39)

5.77%

★★★★☆☆

Delfi (SGX:P34)

7.14%

★★★★☆☆

Click here to see the full list of 18 stocks from our Top SGX Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

DBS Group Holdings

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

Overview: DBS Group Holdings Ltd provides commercial banking and financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally, with a market cap of SGD107.51 billion.

Operations: DBS Group Holdings Ltd's revenue segments include Institutional Banking (SGD9.18 billion), Consumer Banking/Wealth Management (SGD9.34 billion), and Treasury Markets (SGD695 million).

Dividend Yield: 5.7%

DBS Group Holdings' dividends are currently covered by earnings with a payout ratio of 54.1%, and this is expected to remain sustainable over the next three years at 65.4%. Despite a volatile dividend history, recent earnings growth supports stability. The stock trades at 49.8% below its estimated fair value, offering potential upside for investors seeking undervalued opportunities in the Singapore market. Recent leadership changes may influence future strategic directions but do not immediately impact dividend reliability.

SGX:D05 Dividend History as at Sep 2024
SGX:D05 Dividend History as at Sep 2024

Oversea-Chinese Banking

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

Overview: Oversea-Chinese Banking Corporation Limited, along with its subsidiaries, provides financial services across Singapore, Malaysia, Indonesia, Greater China, the rest of the Asia Pacific region, and internationally, with a market cap of SGD68.56 billion.

Operations: Oversea-Chinese Banking Corporation Limited generates revenue from several segments, including Insurance (SGD1.27 billion), Global Markets (SGD512 million), Global Wholesale Banking (SGD5.23 billion), and Global Consumer/Private Banking (SGD5.19 billion).