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As the Singapore market navigates through fluctuating economic indicators and government securities auctions, investors continue to seek stable returns amidst the uncertainty. In this context, dividend stocks remain a compelling option for those looking to generate consistent income from their investments.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.72% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.67% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.21% | ★★★★★☆ |
| Multi-Chem (SGX:AWZ) | 8.02% | ★★★★★☆ |
| UOL Group (SGX:U14) | 3.69% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.55% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.63% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.51% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 6.77% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.43% | ★★★★★☆ |
Click here to see the full list of 23 stocks from our Top SGX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Tai Sin Electric
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Tai Sin Electric Limited, along with its subsidiaries, specializes in the manufacturing and distribution of cable and wire products, with a market capitalization of approximately SGD 174.90 million.
Operations: Tai Sin Electric Limited generates revenue primarily through its Cable & Wire segment at SGD 263.85 million, followed by Electrical Material Distribution at SGD 92.62 million, Test & Inspection services at SGD 28.67 million, and Switchboard production at SGD 4.18 million.
Dividend Yield: 6.2%
Tai Sin Electric offers a dividend yield of 6.18%, placing it in the top 25% of dividend payers in the Singapore market. However, its dividends have shown volatility over the past decade and are not well supported by earnings, with a high payout ratio of 92.8%. Despite this, dividends are reasonably covered by cash flows at a cash payout ratio of 64.6%. The company's profit margins have declined from last year, moving from 5.9% to 3%.
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Take a closer look at Tai Sin Electric's potential here in our dividend report.
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Upon reviewing our latest valuation report, Tai Sin Electric's share price might be too pessimistic.
Boustead Singapore
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Boustead Singapore Limited operates as an investment holding company, offering energy engineering, real estate, geospatial, and healthcare technology solutions across diverse global regions with a market capitalization of SGD 496.57 million.
Operations: Boustead Singapore Limited generates revenue through its geospatial, healthcare technology, energy engineering, and real estate solutions segments, with earnings of SGD 212.67 million, SGD 10.58 million, SGD 174.41 million, and SGD 369.46 million respectively.