YHI International And 2 Other Leading SGX Dividend Stocks
In recent months, the Singapore market has shown resilience amid global economic uncertainties, with indices maintaining steady performance. In such an environment, dividend stocks like YHI International stand out as attractive options for investors seeking stable returns and income generation.
Top 10 Dividend Stocks In Singapore
Name | Dividend Yield | Dividend Rating |
BRC Asia (SGX:BEC) | 6.99% | ★★★★★☆ |
Bumitama Agri (SGX:P8Z) | 6.69% | ★★★★★☆ |
YHI International (SGX:BPF) | 6.43% | ★★★★★☆ |
China Sunsine Chemical Holdings (SGX:QES) | 6.05% | ★★★★★☆ |
Singapore Exchange (SGX:S68) | 3.21% | ★★★★★☆ |
Singapore Airlines (SGX:C6L) | 7.27% | ★★★★★☆ |
QAF (SGX:Q01) | 6.10% | ★★★★★☆ |
UOB-Kay Hian Holdings (SGX:U10) | 6.22% | ★★★★☆☆ |
Oversea-Chinese Banking (SGX:O39) | 5.74% | ★★★★☆☆ |
Delfi (SGX:P34) | 6.90% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
YHI International
Simply Wall St Dividend Rating: ★★★★★☆
Overview: YHI International Limited, with a market cap of SGD 142.94 million, is an investment holding company that distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.
Operations: YHI International Limited's revenue segments include Distribution in ASEAN (SGD 119.40 million), Oceania (SGD 140.24 million), North East Asia (SGD 17.99 million), and Other regions (SGD 33.31 million), along with Manufacturing in ASEAN (SGD 55.05 million) and North East Asia excluding rental income (SGD 57.20 million).
Dividend Yield: 6.4%
YHI International has shown a stable earnings growth with net income rising to S$7.71 million for the half-year ending June 30, 2024, up from S$7.47 million a year ago. The company's dividend payout ratio stands at 68.9%, indicating dividends are well-covered by earnings and cash flows (cash payout ratio: 43.3%). However, its dividend payments have been volatile over the past decade despite recent increases in payouts.
Jardine Cycle & Carriage
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Jardine Cycle & Carriage Limited, an investment holding company, operates 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 SGD10.87 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.
Dividend Yield: 5.6%
Jardine Cycle & Carriage has declared an interim dividend of US$0.28 per share for 2024, with a payout ratio of 44.4%, indicating dividends are well-covered by earnings and cash flows (cash payout ratio: 30.8%). Despite recent increases, its dividend payments have been volatile over the past decade. The company reported H1 2024 net income of US$483.3 million, down from US$648.3 million a year ago, reflecting some financial challenges but maintaining reasonable value compared to peers and industry standards.
Singapore Airlines
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Singapore Airlines Limited, with a market cap of SGD23.53 billion, operates passenger and cargo air transportation services across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa under the Singapore Airlines and Scoot brands.
Operations: Singapore Airlines Limited generates revenue primarily through its Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion) segments.
Dividend Yield: 7.3%
Singapore Airlines' dividend yield is among the top 25% in the SG market, with recent approval of a final dividend of S$0.38 per share for FY2024. However, its dividend history has been volatile over the past decade. The payout ratio stands at 75.9%, indicating dividends are covered by earnings and cash flows (cash payout ratio: 45.9%). Despite solid historical earnings growth, future earnings are forecasted to decline by an average of 20.9% annually over the next three years.
Where To Now?
Gain an insight into the universe of 19 Top SGX Dividend Stocks by clicking here.
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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:C6L.
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