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In recent months, the Singapore market has shown resilience amidst global economic fluctuations, with indices reflecting steady growth and investor confidence. As investors seek stability in these dynamic times, dividend stocks have become an attractive option for those looking to secure regular income streams while benefiting from potential capital appreciation.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.31% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.81% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.57% | ★★★★★☆ |
| Multi-Chem (SGX:AWZ) | 8.90% | ★★★★★☆ |
| UOL Group (SGX:U14) | 3.84% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.58% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.60% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 8.14% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.14% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.77% | ★★★★★☆ |
Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Multi-Chem
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Multi-Chem Limited, with a market cap of SGD245.96 million, is an investment holding company that distributes information technology products in Singapore, Greater China, Australia, India, and internationally.
Operations: Multi-Chem Limited generates revenue from its IT business in Singapore (SGD372.78 million), India (SGD40.56 million), Greater China (SGD34.96 million), and Australia (SGD54.60 million), as well as from its PCB business in Singapore (SGD1.79 million).
Dividend Yield: 8.9%
Multi-Chem's earnings grew by 35.6% over the past year, and it trades at 50.5% below our estimate of its fair value. The dividend yield is 8.9%, placing it in the top 25% of dividend payers in Singapore, though dividend payments have been volatile and unreliable over the past decade. Dividends are covered by earnings (80.7%) and cash flows (88.1%). Recently, significant insider selling was noted, with Q2 results expected on August 5, 2024.
Jardine Cycle & Carriage
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Jardine Cycle & Carriage Limited (SGX:C07) is an investment holding company involved in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally with a market cap of SGD9.92 billion.
Operations: Jardine Cycle & Carriage Limited generates revenue from financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses.