Yahoo Finance Unveiling 3 SGX Dividend Stocks With Yields Ranging From 6% To 9%
As the Singapore market navigates the burgeoning field of tokenised real-world assets, with projections pointing to significant growth in trade finance assets, investors are keenly observing opportunities that align with these evolving trends. In this dynamic environment, dividend stocks that offer stability and consistent returns are particularly appealing, providing a contrast to the nascent and rapidly evolving sector of tokenised assets.
Top 10 Dividend Stocks In Singapore
Name | Dividend Yield | Dividend Rating |
BRC Asia (SGX:BEC) | 7.48% | ★★★★★☆ |
Civmec (SGX:P9D) | 6.10% | ★★★★★☆ |
Singapore Exchange (SGX:S68) | 3.55% | ★★★★★☆ |
Multi-Chem (SGX:AWZ) | 9.03% | ★★★★★☆ |
UOB-Kay Hian Holdings (SGX:U10) | 6.92% | ★★★★★☆ |
China Sunsine Chemical Holdings (SGX:QES) | 6.26% | ★★★★★☆ |
UOL Group (SGX:U14) | 3.84% | ★★★★★☆ |
Bumitama Agri (SGX:P8Z) | 6.71% | ★★★★★☆ |
Singapore Airlines (SGX:C6L) | 6.91% | ★★★★★☆ |
YHI International (SGX:BPF) | 6.70% | ★★★★★☆ |
Click here to see the full list of 21 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, primarily an investment holding company, operates in the distribution of information technology products across regions including Singapore, Greater China, Australia, and India, with a market capitalization of SGD 242.36 million.
Operations: Multi-Chem Limited generates revenue through its IT business in Singapore (SGD 372.78 million), Greater China (SGD 34.96 million), Australia (SGD 54.60 million), and India (SGD 40.56 million), along with a smaller PCB business segment in Singapore (SGD 1.79 million).
Dividend Yield: 9%
Multi-Chem Limited, while trading at 44.4% below its estimated fair value, offers a dividend yield in the top 25% of Singaporean stocks. However, its dividend history shows instability with volatile payments over the past decade despite a recent increase. The company's dividends are currently supported by both earnings and cash flows, with payout ratios of 80.7% and 88.1%, respectively. Recent board changes include appointing Chong Teck Sin as Chairman and adding new directors which could impact governance and future dividend policies.
Get an in-depth perspective on Multi-Chem's performance by reading our dividend report here.
Upon reviewing our latest valuation report, Multi-Chem's share price might be too pessimistic.
Civmec
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Civmec Limited, an investment holding company based in Australia, offers construction and engineering services to sectors including energy, resources, infrastructure, and marine and defense, with a market capitalization of SGD 413.69 million.
Operations: Civmec Limited generates revenue through its engagements in the energy sector (A$46.02 million), resources sector (A$752.82 million), and combined infrastructure, marine, and defense sectors (A$105.52 million).
Dividend Yield: 6.1%
Civmec maintains a stable dividend yield of 6.1%, slightly below the top quartile for Singaporean stocks. With a conservative payout ratio of 45.4% and cash payout ratio at 27%, its dividends are well-supported by both earnings and cash flows, indicating sustainability. Over the past decade, Civmec has consistently paid dividends without volatility, although its yield isn't among the highest in Singapore. Earnings have shown significant growth, increasing by an average of 37.3% annually over five years.
Click to explore a detailed breakdown of our findings in Civmec's dividend report.
Our valuation report here indicates Civmec may be undervalued.
UOB-Kay Hian Holdings
Simply Wall St Dividend Rating: ★★★★★☆
Overview: UOB-Kay Hian Holdings Limited operates as an investment holding company, offering services such as stockbroking, futures broking, and margin financing across Singapore, Hong Kong, Thailand, Malaysia and other international markets with a market capitalization of approximately SGD 1.20 billion.
Operations: UOB-Kay Hian Holdings Limited generates its revenue primarily through securities and futures broking and related services, totaling SGD 539.01 million.
Dividend Yield: 6.9%
UOB-Kay Hian Holdings recently declared a dividend of S$0.092 per share, applicable under its Scrip Dividend Scheme. Despite this, the company's dividend history over the past decade has been marked by instability, with significant annual fluctuations exceeding 20%. However, the dividends are well-supported financially, evidenced by a payout ratio of 48.2% and a cash payout ratio of 21.8%, suggesting that payments are sustainably covered by both earnings and cash flows.
Where To Now?
Click here to access our complete index of 21 Top SGX Dividend Stocks.
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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:AWZSGX:P9D and .SGX:U10
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