Top 3 SGX Dividend Stocks To Watch In August 2024

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As the Singapore market navigates a period of cautious optimism amidst global economic shifts, dividend stocks continue to attract attention for their potential to provide steady income. In light of recent market dynamics, including significant moves by major players like Tencent, it's crucial to identify stocks that offer reliable dividends and resilience in a fluctuating environment.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.44%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.76%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.61%

★★★★★☆

UOL Group (SGX:U14)

3.77%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.68%

★★★★★☆

Civmec (SGX:P9D)

5.40%

★★★★★☆

Singapore Exchange (SGX:S68)

3.68%

★★★★★☆

Singapore Airlines (SGX:C6L)

8.14%

★★★★★☆

YHI International (SGX:BPF)

6.77%

★★★★★☆

Oversea-Chinese Banking (SGX:O39)

6.36%

★★★★☆☆

Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.

We'll examine a selection from our screener results.

Multi-Chem

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

Overview: Multi-Chem Limited, with a market cap of SGD254.97 million, is an investment holding company that distributes information technology products in Singapore, Greater China, Australia, India, and internationally.

Operations: Multi-Chem Limited generates revenue through the distribution of information technology products across Singapore, Greater China, Australia, India, and various international markets.

Dividend Yield: 8.6%

Multi-Chem Limited recently announced an interim tax-exempt dividend of 11.10 Singapore cents per share, payable on 13 September 2024. The company reported a significant increase in earnings for the half year ended June 30, 2024, with net income rising to S$16.42 million from S$11.41 million a year ago. Despite this growth and trading below fair value, its high cash payout ratio indicates that dividends are not well covered by free cash flows and have been volatile over the past decade.

SGX:AWZ Dividend History as at Aug 2024
SGX:AWZ Dividend History as at Aug 2024

Jardine Cycle & Carriage

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

Overview: Jardine Cycle & Carriage Limited 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 with a market cap of SGD10.29 billion.

Operations: Jardine Cycle & Carriage Limited generates revenue from its diverse operations in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses.