SGX Dividend Stocks To Consider In October 2024
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As Singapore grapples with urban challenges, including the widespread issue of abandoned vehicles cluttering public spaces, the broader market continues to navigate its own complexities. In such an environment, dividend stocks can offer a sense of stability and income potential, making them an appealing option for investors seeking consistent returns amidst fluctuating economic conditions.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.69% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.41% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.38% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.43% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.07% | ★★★★★☆ |
| QAF (SGX:Q01) | 5.99% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.90% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.73% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.71% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.54% | ★★★★☆☆ |
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 involved in the retailing and distribution of watches, jewelry, and other luxury products across various countries including Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD1.10 billion.
Operations: The Hour Glass Limited generates revenue of SGD1.13 billion from its operations in the retailing and distribution of watches, jewelry, and other luxury products.
Dividend Yield: 4.7%
The Hour Glass offers a dividend yield of 4.73%, which is below the top quartile in Singapore's market. However, its dividends are well-covered by earnings and cash flows, with payout ratios of 33.5% and 46.2%, respectively. Despite a history of volatility in dividend payments over the last decade, recent approvals for a final dividend payment indicate ongoing shareholder returns. Additionally, its low price-to-earnings ratio suggests potential value for investors seeking growth alongside dividends (S$).
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Click to explore a detailed breakdown of our findings in Hour Glass' dividend report.
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The valuation report we've compiled suggests that Hour Glass' current price could be inflated.
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 sectors in Indonesia and internationally with a market cap of SGD10.77 billion.