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As the Singapore market navigates a landscape of economic shifts and global uncertainties, dividend stocks have become a focal point for investors seeking stability and income. In this environment, identifying strong dividend-paying companies like Hour Glass and others can be appealing due to their potential to provide consistent returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.69% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.31% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.49% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.06% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.02% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.71% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.62% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.79% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.64% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
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, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD1.10 billion.
Operations: The Hour Glass Limited generates SGD1.13 billion in revenue from its activities in the retailing and distribution of watches, jewelry, and other luxury products.
Dividend Yield: 4.7%
Hour Glass's dividend payments are covered by earnings and cash flows, with payout ratios of 33.5% and 46.2%, respectively, indicating financial prudence. However, its dividends have been volatile over the past decade, impacting reliability despite recent growth. The dividend yield of 4.71% is below Singapore's top quartile payers at 5.92%. A recent AGM approved a final dividend of S$0.06 per share for FY2024, amidst ongoing share repurchase activities enhancing shareholder value perception.
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Dive into the specifics of Hour Glass here with our thorough dividend report.
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The valuation report we've compiled suggests that Hour Glass' current price could be inflated.
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: The primary revenue segment for Sheng Siong Group Ltd is its Supermarket Operations Selling Consumer Goods, which generated SGD1.39 billion.
Dividend Yield: 3.9%