The Singapore market continues to adapt and innovate, as evidenced by major financial players like ABN Amro integrating advanced technologies such as AI to streamline operations and enhance efficiency. In this dynamic environment, dividend stocks remain a focal point for investors seeking stable returns, particularly those offering attractive yields in a landscape shaped by technological advancements and economic shifts.
Overview: YHI International Limited operates as an investment holding company that distributes automotive and industrial products across various regions including Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, and New Zealand, with a market capitalization of SGD 141.48 million.
Operations: YHI International Limited generates revenue through its distribution activities in ASEAN (SGD 120.10 million), Oceania (SGD 136.97 million), and North East Asia (SGD 18.29 million), as well as manufacturing in ASEAN (SGD 47.72 million) and North East Asia, excluding rental services (SGD 57.87 million).
Dividend Yield: 6.5%
YHI International offers a dividend yield of 6.49%, ranking in the top 25% in the Singapore market, though its dividend history shows volatility over the past decade. Despite this, dividends are well-supported by earnings and cash flows with a payout ratio of 70.1% and a cash payout ratio of 26.6%. Recently, at their AGM on April 26, 2024, they approved a tax-exempt final dividend of S$0.0315 per share for FY2023, reflecting recent adjustments in their distribution strategy.
Overview: Boustead Singapore Limited operates as an investment holding company, offering energy engineering, real estate, geospatial, and healthcare technology solutions across diverse global regions with a market capitalization of SGD 482.25 million.
Operations: Boustead Singapore Limited generates revenue from several key segments, including Geospatial (SGD 212.67 million), Healthcare (SGD 10.58 million), Energy Engineering (SGD 174.41 million), and Real Estate Solutions (SGD 369.46 million).
Dividend Yield: 5.4%
Boustead Singapore has shown a notable increase in earnings, with net income rising to S$64.19 million from S$45.33 million year-over-year, supported by robust sales growth. However, its dividend yield of 5.45% lags behind the top quartile of Singapore dividend stocks at 6.25%. Despite this lower yield, the dividends are sustainable with a payout ratio of 40.9% and a cash payout ratio of 28.6%. The company's dividends have increased over the past decade but have experienced volatility and unreliability in their distribution pattern during that time.
Overview: UOB-Kay Hian Holdings Limited operates as an investment holding company offering services such as stockbroking, futures broking, and more across Singapore, Hong Kong, Thailand, Malaysia, and internationally, with a market cap of approximately SGD 1.19 billion.
Operations: UOB-Kay Hian Holdings Limited generates revenue primarily through securities and futures broking and related services, amounting to SGD 539.01 million.
Dividend Yield: 7.0%
UOB-Kay Hian Holdings offers a dividend yield of 6.97%, ranking in the top 25% in Singapore. Despite its attractive yield, the company's dividend history has been marked by volatility and unpredictability over the past decade. Recently, dividends have grown, supported by a low cash payout ratio of 21.8% and an earnings payout ratio of 48.2%, indicating reasonable coverage by both earnings and cash flows. On April 25, 2024, a dividend increase to S$0.092 per share was announced, pending shareholder approval at the annual general meeting with payment scheduled for June 26, 2024.
Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
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.
