3 SGX Dividend Stocks Yielding Over 6.5%

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The Singapore market has shown resilience amid global economic uncertainties, with investors increasingly seeking stable income sources. In this environment, dividend stocks yielding over 6.5% offer an attractive proposition for those looking to balance growth with steady returns.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.41%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.87%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.54%

★★★★★☆

Multi-Chem (SGX:AWZ)

8.84%

★★★★★☆

UOL Group (SGX:U14)

3.77%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.57%

★★★★★☆

Singapore Exchange (SGX:S68)

3.47%

★★★★★☆

Civmec (SGX:P9D)

5.30%

★★★★★☆

Singapore Airlines (SGX:C6L)

8.14%

★★★★★☆

YHI International (SGX:BPF)

6.77%

★★★★★☆

Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

YHI International

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

Overview: YHI International Limited, an investment holding company with a market cap of SGD135.65 million, distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.

Operations: YHI International Limited generates revenue through several segments including Distribution - ASEAN (SGD120.10 million), Distribution - Other (SGD22.37 million), Manufacturing - ASEAN (SGD47.72 million), Distribution - Oceania (SGD136.97 million), Distribution - North East Asia (SGD18.29 million), and Manufacturing - North East Asia excluding rental (SGD57.87 million).

Dividend Yield: 6.8%

YHI International trades at 37.2% below its estimated fair value, offering potential upside for investors. Its dividend yield of 6.77% places it in the top 25% of dividend payers in Singapore, though its dividends have been volatile over the past decade with annual drops exceeding 20%. Despite this instability, YHI's dividends are well-covered by earnings (70.1%) and cash flows (26.6%), suggesting a sustainable payout ratio moving forward.

SGX:BPF Dividend History as at Aug 2024
SGX:BPF Dividend History as at Aug 2024

Delfi

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

Overview: Delfi Limited, an investment holding company with a market cap of SGD519.48 million, manufactures, markets, distributes, and sells chocolate and consumer products in Indonesia, the Philippines, Malaysia, Singapore, and internationally.

Operations: Delfi Limited generates revenue of $370.41 million from Indonesia and $185.07 million from its Regional Markets segment.