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Operations: Multi-Chem Limited generates revenue from its IT business in Singapore (SGD 372.78 million), Australia (SGD 54.60 million), India (SGD 40.56 million), Greater China (SGD 34.96 million), and other international markets (SGD 153.93 million), alongside a smaller PCB business in Singapore contributing SGD 1.79 million.

Dividend Yield: 7.9%

Multi-Chem's dividend sustainability is moderately supported with an earnings payout ratio of 80.7% and a cash payout ratio of 88.1%, indicating that most of its profit and cash flow are used for dividends, which may raise concerns about growth investment. Although the dividend yield stands at a competitive 7.89%, the company's history shows unstable dividend payments over the past decade, reflecting some risk in reliability for long-term investors seeking consistent income streams from dividends. Recent board changes could impact future financial strategies, potentially affecting dividend policies.

• Click to explore a detailed breakdown of our findings in Multi-Chem's dividend report.

• Our valuation report unveils the possibility Multi-Chem's shares may be trading at a discount.

UOB-Kay Hian Holdings

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

Overview: UOB-Kay Hian Holdings Limited is an investment holding company engaged in stockbroking, futures broking, structured lending, and other financial services across Singapore, Hong Kong, Thailand, Malaysia, and internationally, with a market cap of approximately SGD 1.26 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: 6.8%

UOB-Kay Hian Holdings, despite a volatile dividend history over the past decade, has shown improvements with a recent increase in its annual dividend to S$0.092 per share. The company's dividends are well-supported by both earnings and cash flows, with payout ratios of 48.2% and 22.7% respectively, suggesting sustainability in its current distributions. However, significant insider selling recently and shareholder dilution over the past year may raise concerns about future dividend stability and growth prospects.

• Delve into the full analysis dividend report here for a deeper understanding of UOB-Kay Hian Holdings.

• Insights from our recent valuation report point to the potential undervaluation of UOB-Kay Hian Holdings shares in the market.

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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.

Companies discussed in this article include SGX:AGS SGX:AWZ and SGX:U10

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