Top SGX Dividend Stocks To Watch In September 2024
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As the Singapore market continues to navigate a dynamic economic landscape, investors are increasingly looking for stable income sources amidst fluctuating indices. In this context, dividend stocks stand out as attractive options, offering consistent returns that can provide a cushion against market volatility.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.99% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.76% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.70% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.28% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.61% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.21% | ★★★★★☆ |
| Genting Singapore (SGX:G13) | 4.88% | ★★★★☆☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.34% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.87% | ★★★★☆☆ |
| Delfi (SGX:P34) | 7.15% | ★★★★☆☆ |
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.
Hour Glass
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Hour Glass Limited is an investment holding company that retails and distributes watches, jewelry, and other luxury products across Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD1.00 billion.
Operations: The Hour Glass Limited generates SGD1.13 billion from its retailing and distribution of watches, jewelry, and other luxury products.
Dividend Yield: 5.2%
Hour Glass Limited's dividend payments are well-covered by earnings and cash flows, with a payout ratio of 33.5% and a cash payout ratio of 46.2%. However, the dividends have been volatile and unreliable over the past decade despite recent increases. The recent approval of a final dividend of S$0.06 per share for FY2024 underscores its commitment to shareholders, though its yield remains below top-tier levels in Singapore's market.
Nordic Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nordic Group Limited (SGX:MR7) is an investment holding company providing global solutions in system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering as well as cleanroom and air and water engineering with a market cap of SGD139.69 million.
Operations: Nordic Group Limited's revenue segments include Project Services generating SGD69.93 million and Maintenance Services contributing SGD83.13 million.
Dividend Yield: 4.5%
Nordic Group Limited's recent earnings report shows a decline in both sales and net income compared to last year, with sales at S$76.16 million and net income at S$8.53 million. The company declared an interim dividend of S$0.008526 per share, payable on 4 September 2024, though dividends have been volatile over the past decade. Despite a low payout ratio of 40%, indicating good coverage by earnings and cash flows, its dividend yield is lower than top-tier levels in Singapore's market.