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As Singapore's market continues to navigate a period of transformation and recovery, investors are increasingly focused on stable returns amidst evolving economic conditions. In this context, dividend stocks are gaining attention for their potential to provide consistent income streams, making them an attractive consideration for those looking to balance growth with regular payouts.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.75% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.27% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.40% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.10% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.10% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.80% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.84% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.51% | ★★★★☆☆ |
| Nordic Group (SGX:MR7) | 4.06% | ★★★★☆☆ |
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.
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 SGD1.04 billion.
Operations: The Hour Glass Limited generates revenue of SGD1.13 billion from its operations in retailing and distributing watches, jewelry, and other luxury products.
Dividend Yield: 5%
Hour Glass's dividend payments have been volatile over the past decade, with an annual drop exceeding 20% at times. Despite this instability, dividends are well-covered by earnings (payout ratio: 33.5%) and cash flows (cash payout ratio: 46.2%). Recently, a final dividend of S$0.06 per share was approved for FY2024, payable on August 21, 2024. The company has also initiated a share buyback program authorized to repurchase up to 10% of its issued capital.
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Click here to discover the nuances of Hour Glass with our detailed analytical dividend report.
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Upon reviewing our latest valuation report, Hour Glass' share price might be too pessimistic.
YHI International
Simply Wall St Dividend Rating: ★★★★★☆
Overview: YHI International Limited is an investment holding company that, along with its subsidiaries, distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally; it has a market cap of SGD144.40 million.
Operations: YHI International Limited generates revenue through various segments, including Distribution - ASEAN (SGD119.40 million), Distribution - Other (SGD33.31 million), Manufacturing - ASEAN (SGD55.05 million), Distribution - Oceania (SGD140.24 million), Distribution - North East Asia (SGD17.99 million), and Manufacturing - North East Asia, excluding rental income (SGD57.20 million).