Top SGX Dividend Stocks To Consider In October 2024
In This Article:
In recent months, the Singapore stock market has shown resilience amidst global uncertainties, with investors keenly observing how economic events influence market indices. In such a climate, dividend stocks remain an attractive option for those seeking steady income streams, as they can offer stability and potential returns even during volatile times.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.69% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.36% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.41% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.11% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.02% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.71% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.60% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.86% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.69% | ★★★★☆☆ |
Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
BRC Asia
Simply Wall St Dividend Rating: ★★★★★☆
Overview: BRC Asia Limited, with a market cap of SGD655.70 million, specializes in the prefabrication of steel reinforcement for concrete across Singapore and various international markets including Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, and India.
Operations: BRC Asia Limited generates revenue from two main segments: Trading, which contributes SGD319.71 million, and Fabrication and Manufacturing, which accounts for SGD1.35 billion.
Dividend Yield: 6.7%
BRC Asia's dividend yield is in the top 25% of Singapore's market, supported by a low payout ratio of 35.9%, indicating dividends are well-covered by earnings. However, its cash payout ratio stands at a higher 85.3%, suggesting potential cash flow constraints. The company's dividend history has been volatile over the past decade, despite recent growth in payments. Trading significantly below estimated fair value, BRC Asia offers good relative value compared to industry peers.
DBS Group Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DBS Group Holdings Ltd is a financial services company offering commercial banking and related services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally, with a market capitalization of SGD110.18 billion.
Operations: DBS Group Holdings Ltd generates revenue through its key segments, with Institutional Banking contributing SGD9.18 billion and Consumer Banking/Wealth Management adding SGD9.34 billion.