The Singapore market is currently abuzz with developments in quantum technology, as the Monetary Authority of Singapore (MAS) spearheads initiatives to fortify cybersecurity within the financial sector. Amid these technological advancements, investors seeking stability and reliable returns may find dividend stocks particularly appealing.
Overview: YHI International Limited, an investment holding company with a market cap of SGD140.02 million, distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.
Operations: YHI International Limited generates revenue from the distribution of automotive and industrial products across multiple regions, including Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.
Dividend Yield: 6.6%
YHI International reported half-year sales of S$198.61 million, up from S$186.56 million a year ago, with net income rising slightly to S$7.71 million. Despite earnings growth and dividends being covered by both earnings (68.9% payout ratio) and cash flows (43.3% cash payout ratio), the company's dividend payments have been volatile over the past decade, showing periods of significant drops exceeding 20%. However, its current dividend yield is in the top 25% of Singapore's market payers at 6.56%.
Overview: Jardine Cycle & Carriage Limited, with a market cap of SGD10.43 billion, 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.
Operations: Jardine Cycle & Carriage Limited generates revenue through its financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses.
Dividend Yield: 5.8%
Jardine Cycle & Carriage's dividend payments have been volatile over the past decade, with a current yield of 5.85%, below the top 25% in Singapore. Despite this, dividends are well-covered by earnings (44.4% payout ratio) and cash flows (30.8% cash payout ratio). Recent earnings showed a decline, with H1 2024 net income at US$483.3 million compared to US$648.3 million last year, but an interim dividend of US$0.28 per share was declared for 2024.
Overview: QAF Limited is an investment holding company involved in the manufacture and distribution of bread, bakery, and confectionery products across Singapore, Australia, the Philippines, Malaysia, and internationally with a market cap of SGD465.97 million.
Operations: QAF Limited generates revenue primarily from its Bakery segment, which accounts for SGD460.50 million, and its Distribution & Warehousing segment, contributing SGD164.22 million.
Dividend Yield: 6.2%
QAF Limited's dividend yield of 6.17% is slightly below the top 25% in Singapore, and while dividends have been stable over the past decade, they have not grown. Recent earnings for H1 2024 showed significant improvement with net income rising to S$12.48 million from S$4.91 million last year. The company’s dividends are well-covered by both earnings (82% payout ratio) and cash flows (82.9% cash payout ratio), indicating sustainability despite past volatility in payments.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SGX:BPF SGX:C07 and SGX:Q01.
