3 SGX Dividend Stocks Yielding Up To 7.0%

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The Singapore market has been experiencing a period of steady growth, with the Straits Times Index reflecting positive investor sentiment amid stable economic conditions. In this environment, dividend stocks are particularly attractive for their potential to provide consistent income and stability.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.31%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.74%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.39%

★★★★★☆

Civmec (SGX:P9D)

5.35%

★★★★★☆

Singapore Exchange (SGX:S68)

3.40%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.79%

★★★★★☆

Genting Singapore (SGX:G13)

4.29%

★★★★☆☆

UOB-Kay Hian Holdings (SGX:U10)

6.62%

★★★★☆☆

Oversea-Chinese Banking (SGX:O39)

6.17%

★★★★☆☆

Delfi (SGX:P34)

7.06%

★★★★☆☆

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

We'll examine a selection from our screener results.

Jardine Cycle & Carriage

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

Overview: Jardine Cycle & Carriage Limited, with a market cap of SGD10.99 billion, is an investment holding company involved in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Operations: Jardine Cycle & Carriage Limited generates revenue from financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses.

Dividend Yield: 5.5%

Jardine Cycle & Carriage declared an interim tax-exempt dividend of US$0.28 per share for 2024, with a payout ratio of 44.4% and cash payout ratio of 30.8%, indicating strong coverage by earnings and cash flows. Despite a decline in H1 2024 net income to US$483.3 million from US$648.3 million, the company maintains its dividend payments, though historically volatile over the past decade. The stock trades at good value compared to peers and industry benchmarks.

SGX:C07 Dividend History as at Aug 2024
SGX:C07 Dividend History as at Aug 2024

Delfi

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

Overview: Delfi Limited, with a market cap of SGD488.93 million, manufactures, markets, distributes, and sells chocolate and confectionery products across Indonesia, Philippines, Malaysia, Singapore, and internationally.

Operations: Delfi Limited generates revenue primarily from its operations in Indonesia ($349.57 million) and Regional Markets ($183.30 million).