3 SGX Dividend Stocks Yielding Up To 7.6%
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The Singapore stock market has shown resilience amid global economic uncertainties, with the Straits Times Index maintaining steady performance. In such a stable environment, dividend stocks can offer attractive returns for investors seeking income and stability. A good dividend stock in this context is one that not only provides consistent payouts but also demonstrates strong fundamentals and growth potential in line with current market conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.11% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.70% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.49% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.38% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.69% | ★★★★★☆ |
| Genting Singapore (SGX:G13) | 4.91% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.82% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 6.10% | ★★★★☆☆ |
| Nordic Group (SGX:MR7) | 4.74% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Singapore Airlines
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Singapore Airlines Limited, with a market cap of SGD22.25 billion, operates passenger and cargo air transportation services through its Singapore Airlines and Scoot brands across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa.
Operations: Singapore Airlines Limited generates revenue through its Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion) segments.
Dividend Yield: 7.7%
Singapore Airlines offers a mixed picture for dividend investors. The company's dividends are well-covered by both earnings (payout ratio: 75.9%) and cash flows (cash payout ratio: 45.9%). However, the dividend track record has been unstable over the past decade despite recent increases. A recent share buyback program authorized up to 148.88 million shares, potentially enhancing shareholder value but not necessarily indicating long-term dividend stability given forecasted earnings declines of 20.2% per year over the next three years.
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 SGD133.70 million.