3 SGX Dividend Stocks Yielding Up To 7.5%
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The Singapore market has shown resilience amid global economic uncertainties, offering investors steady opportunities in more traditional asset classes. With the volatility surrounding cryptocurrency investments, many are turning to dividend stocks for their potential to provide reliable income streams. In this article, we will explore three SGX dividend stocks yielding up to 7.5%, highlighting what makes them appealing choices in today's market conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.02% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.79% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.63% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.20% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.57% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.21% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.30% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.81% | ★★★★☆☆ |
| Delfi (SGX:P34) | 7.04% | ★★★★☆☆ |
| Nordic Group (SGX:MR7) | 4.54% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Singapore Airlines
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Singapore Airlines Limited, with a market cap of SGD22.60 billion, operates passenger and cargo air transportation services under the Singapore Airlines and Scoot brands across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa.
Operations: Singapore Airlines Limited's revenue segments include Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion).
Dividend Yield: 7.6%
Singapore Airlines recently approved a final dividend of S$0.38 per share for the fiscal year ending March 31, 2024. Despite a volatile dividend history, recent increases and share repurchase programs indicate efforts to enhance shareholder value. The company's dividends are covered by earnings (payout ratio: 75.9%) and cash flows (cash payout ratio: 45.9%). Trading at a P/E ratio of 8.5x, below the SG market average, it offers good relative value but faces forecasted earnings decline over the next three years.
Bumitama Agri
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bumitama Agri Ltd., with a market cap of SGD1.22 billion, is an investment holding company involved in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia.
Operations: Revenue Segments (in millions of IDR): Bumitama Agri Ltd. generates revenue primarily from its Plantations and Palm Oil Mills segment, which amounted to IDR15,547.10 million.