Top 3 SGX Dividend Stocks To Boost Your Portfolio
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The Singapore market has been navigating a dynamic landscape, influenced by global economic shifts and evolving investment trends. In this context, dividend stocks have emerged as a reliable option for investors seeking steady income and portfolio stability. A good dividend stock not only offers consistent payouts but also demonstrates resilience amidst market fluctuations, making it an attractive choice in today's environment.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.08% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.75% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.63% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.07% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.06% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.56% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.13% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.34% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.80% | ★★★★☆☆ |
| Delfi (SGX:P34) | 7.12% | ★★★★☆☆ |
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.
Multi-Chem
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Multi-Chem Limited, an investment holding company with a market cap of SGD248.66 million, distributes information technology products in Singapore, Greater China, Australia, India, and internationally.
Operations: Multi-Chem Limited generates revenue from various segments including SGD407.17 million from Singapore - IT Business, SGD135.87 million from Others - IT Business, SGD54.17 million from India - IT Business, SGD50.04 million from Australia - IT Business, and SGD1.69 million from Singapore - PCB Business.
Dividend Yield: 9.6%
Multi-Chem offers a mixed dividend profile. While its recent interim tax-exempt dividend of 11.10 Singapore cents per share and earnings growth (SGD 16.42 million net income for H1 2024) are positives, its high cash payout ratio (1054.3%) indicates dividends are not well covered by free cash flows. Despite a reasonable payout ratio (74.6%), the company’s dividends have been volatile over the past decade, raising concerns about long-term reliability and sustainability for investors seeking stable income streams.
Sheng Siong Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sheng Siong Group Ltd, with a market cap of SGD2.26 billion, operates a chain of supermarket retail stores in Singapore.
Operations: Sheng Siong Group Ltd generates revenue primarily through its supermarket operations, selling consumer goods amounting to SGD1.39 billion.