SGX Dividend Stocks To Boost Your Income

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The Singapore market has shown resilience amid global economic uncertainties, with the Straits Times Index reflecting steady performance. In this environment, dividend stocks can offer a reliable income stream for investors seeking stability and consistent returns.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.08%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.65%

★★★★★☆

YHI International (SGX:BPF)

6.63%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.16%

★★★★★☆

Singapore Exchange (SGX:S68)

3.31%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.66%

★★★★★☆

QAF (SGX:Q01)

6.10%

★★★★★☆

Civmec Singapore (SGX:P9D)

5.59%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.39%

★★★★☆☆

Oversea-Chinese Banking (SGX:O39)

6.05%

★★★★☆☆

Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

BRC Asia

Simply Wall St Dividend Rating: ★★★★★☆

Overview: BRC Asia Limited, with a market cap of SGD620.03 million, specializes in the prefabrication of steel reinforcement for concrete across various regions including Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India and other international markets.

Operations: BRC Asia Limited's revenue segments consist of SGD319.71 million from Trading and SGD1.35 billion from Fabrication and Manufacturing.

Dividend Yield: 7.1%

BRC Asia's dividend payments are well-covered by earnings (payout ratio: 35.9%) and cash flows (cash payout ratio: 85.3%). Despite an unstable dividend track record over the past decade, recent earnings growth of 14.9% supports sustainability. The company trades at good value compared to peers and offers a high dividend yield (7.08%), placing it in the top 25% of Singaporean market payers. Recently, BRC Asia announced an interim tax-exempt dividend of S$0.06 per share, payable on November 15, 2024.

SGX:BEC Dividend History as at Sep 2024
SGX:BEC Dividend History as at Sep 2024

YHI International

Simply Wall St Dividend Rating: ★★★★★☆

Overview: YHI International Limited, with a market cap of SGD138.56 million, is an investment holding company that distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally through its subsidiaries.

Operations: YHI International Limited's revenue segments include 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).