3 SGX Dividend Stocks Yielding Over 6%
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Amidst global economic uncertainties and recent corporate restructuring, the Singapore market has shown resilience with steady performance in its major indices. In such a climate, dividend stocks yielding over 6% can offer investors a reliable income stream and potential for long-term growth.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.41% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.75% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.49% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.42% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.46% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.86% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.57% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 6.15% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.97% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
YHI International
Simply Wall St Dividend Rating: ★★★★★☆
Overview: YHI International Limited, an investment holding company with a market cap of SGD144.40 million, distributes automotive and industrial products in Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally through its subsidiaries.
Operations: YHI International Limited generates revenue from 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 (SGD57.20 million).
Dividend Yield: 6.4%
YHI International reported half-year earnings ending June 30, 2024, with sales of S$198.61 million and net income of S$7.71 million. The company's dividend yield is in the top 25% of the SG market, with a payout ratio of 68.9%, indicating dividends are covered by earnings. Despite a history of volatile and unreliable dividend payments over the past decade, recent cash flow coverage (43.3%) suggests current dividends are sustainable.
DBS Group Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DBS Group Holdings Ltd offers commercial banking and financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally with a market cap of SGD101.14 billion.
Operations: DBS Group Holdings Ltd generates revenue primarily from Consumer Banking/Wealth Management (SGD9.34 billion), Institutional Banking (SGD9.18 billion), and Treasury Markets (SGD695 million).