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The Singapore market has shown resilience amid global economic uncertainties, with indices reflecting a stable yet cautious optimism. In this environment, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive option for investors looking to boost their portfolios.
Top 10 Dividend Stocks In Singapore
Name | Dividend Yield | Dividend Rating |
BRC Asia (SGX:BEC) | 6.99% | ★★★★★☆ |
Bumitama Agri (SGX:P8Z) | 6.72% | ★★★★★☆ |
Singapore Airlines (SGX:C6L) | 7.27% | ★★★★★☆ |
YHI International (SGX:BPF) | 6.43% | ★★★★★☆ |
Singapore Exchange (SGX:S68) | 3.17% | ★★★★★☆ |
QAF (SGX:Q01) | 6.13% | ★★★★★☆ |
UOB-Kay Hian Holdings (SGX:U10) | 6.13% | ★★★★☆☆ |
Oversea-Chinese Banking (SGX:O39) | 5.69% | ★★★★☆☆ |
Delfi (SGX:P34) | 6.89% | ★★★★☆☆ |
Nordic Group (SGX:MR7) | 4.48% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
BRC Asia
Simply Wall St Dividend Rating: ★★★★★☆
Overview: BRC Asia Limited, with a market cap of SGD628.26 million, specializes in the prefabrication of steel reinforcement for concrete across various regions including Singapore, Australia, and several other countries internationally.
Operations: BRC Asia Limited generates revenue primarily from two segments: Trading, which accounts for SGD319.71 million, and Fabrication and Manufacturing, contributing SGD1.35 billion.
Dividend Yield: 7.0%
BRC Asia Limited trades at 60% below its estimated fair value and offers a dividend yield of 6.99%, placing it in the top 25% of dividend payers in Singapore. With a payout ratio of 35.9%, dividends are well covered by earnings, though cash flow coverage is tighter at an 85.3% payout ratio. Despite a history of volatile dividends, recent news indicates an interim tax-exempt dividend payment on November 15, 2024, reinforcing its commitment to returning capital to shareholders.
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Click here to discover the nuances of BRC Asia with our detailed analytical dividend report.
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Our valuation report unveils the possibility BRC Asia's shares may be trading at a discount.
Boustead Singapore
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Boustead Singapore Limited, with a market cap of SGD487.02 million, operates as an investment holding company providing energy engineering, real estate, geospatial, and healthcare technology solutions across various regions including Singapore, Australia, Malaysia, the United States, Europe, Asia Pacific, the Americas, the Middle East and Africa.
Operations: Boustead Singapore Limited generates revenue from several segments including Geospatial (SGD212.67 million), Healthcare (SGD10.58 million), Energy Engineering (SGD174.41 million), and Real Estate Solutions (SGD369.46 million).