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The Singapore market has been grappling with a sophisticated impersonation scam that resulted in $10.6 million in losses in June alone, highlighting the need for vigilance among investors. In such uncertain times, dividend stocks can offer a reliable income stream and stability, making them an attractive option for cautious investors.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.96% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.67% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.38% | ★★★★★☆ |
| Multi-Chem (SGX:AWZ) | 8.47% | ★★★★★☆ |
| UOL Group (SGX:U14) | 3.72% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.58% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.45% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 6.89% | ★★★★★☆ |
| Civmec (SGX:P9D) | 4.91% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.56% | ★★★★★☆ |
Click here to see the full list of 21 stocks from our Top SGX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Aztech Global
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Aztech Global Ltd. is involved in the research, development, engineering, and manufacturing of IoT devices, data-communication products, and LED lighting products across Singapore, North America, China, Europe, and other international markets; it has a market cap of SGD825.99 million.
Operations: Aztech Global Ltd. generates revenue from three primary segments: IoT devices, data-communication products, and LED lighting products.
Dividend Yield: 9.3%
Aztech Global's dividend payments have increased but remain volatile over the past three years. The company's dividends are covered by earnings (59.5% payout ratio) and cash flows (62.1% cash payout ratio). Despite a high dividend yield of 9.35%, its track record is unstable. Recent earnings for H1 2024 showed net income growth to S$46.66 million from S$42.92 million, though sales declined slightly to S$373.2 million from S$388.58 million last year.
Boustead Singapore
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Boustead Singapore Limited, an investment holding company with a market cap of SGD477.47 million, provides energy engineering, real estate, geospatial, and healthcare technology solutions across various regions including Singapore, Australia, Malaysia, the United States, Europe, Asia Pacific, North and South America, the Middle East and Africa.
Operations: Boustead Singapore Limited generates revenue from several segments: Geospatial (SGD212.67 million), Healthcare (SGD10.58 million), Energy Engineering (SGD174.41 million), and Real Estate Solutions (SGD369.46 million).