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As the Singapore market continues to navigate global economic shifts and local developments, investors are increasingly focused on stability and income generation. In this context, dividend stocks on the SGX present an attractive option for those seeking consistent returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.67% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.38% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.44% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.08% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.06% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.90% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.71% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.83% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.66% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Hour Glass
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Hour Glass Limited is an investment holding company involved in the retailing and distribution of watches, jewelry, and other luxury products across several countries including Singapore and Hong Kong, with a market cap of SGD1.08 billion.
Operations: The Hour Glass Limited generates revenue of SGD1.13 billion from its activities in retailing and distributing watches, jewelry, and luxury products across various regions.
Dividend Yield: 4.8%
The Hour Glass has a volatile dividend history, with payments experiencing significant drops over the past decade, making them unreliable. Despite this, its dividends are well-covered by earnings (33.5% payout ratio) and cash flows (46.2% cash payout ratio), indicating sustainability. A recent approval of a 6-cent dividend per share highlights ongoing shareholder returns. The stock's price-to-earnings ratio of 6.9x suggests it is undervalued compared to the Singapore market average of 11.6x.
Sheng Siong Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sheng Siong Group Ltd is an investment holding company that operates a chain of supermarket retail stores in Singapore with a market cap of SGD2.39 billion.
Operations: Sheng Siong Group Ltd generates its revenue primarily through its supermarket operations, with sales of consumer goods amounting to SGD1.39 billion.
Dividend Yield: 3.9%
Sheng Siong Group's dividends are covered by earnings (69.6% payout ratio) and cash flows (51.8% cash payout ratio), suggesting sustainability despite a history of volatility with significant drops over the past decade. Its recent half-year earnings report showed an increase in net income to S$69.91 million, supporting continued dividend payments, though its yield of 3.93% is lower than top-tier Singapore dividend stocks. Recent board changes may influence future governance strategies.