Top SGX Dividend Stocks Including Genting Singapore To Enhance Your Portfolio
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The Singapore stock market has shown resilience amid global economic uncertainties, with the Straits Times Index (STI) reflecting steady performance. In such a climate, dividend stocks can be an attractive option for investors seeking stable returns and income generation.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.72% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.36% | ★★★★★☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.88% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.11% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.56% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.18% | ★★★★★☆ |
| QAF (SGX:Q01) | 5.95% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.80% | ★★★★☆☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 5.97% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.47% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top SGX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Genting Singapore
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Genting Singapore Limited, an investment holding company with a market cap of SGD10.56 billion, primarily engages in the construction, development, and operation of integrated resort destinations in Asia.
Operations: Genting Singapore Limited generates revenue from its integrated resort destinations in Asia.
Dividend Yield: 4.6%
Genting Singapore's dividend payments have been volatile over the past decade, with a reasonable payout ratio of 69.8% and cash payout ratio of 72.3%, indicating coverage by earnings and cash flows. Despite a recent increase in interim dividends to S$0.02 per share, its dividend yield of 4.57% remains below the top quartile in Singapore's market (5.85%). Recent financial results show improved performance, with net income rising to S$356.91 million for H1 2024 from S$276.68 million a year ago.
Bumitama Agri
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bumitama Agri Ltd., an investment holding company with a market cap of SGD1.31 billion, engages in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia.
Operations: The company's revenue primarily comes from its Plantations and Palm Oil Mills segment, which generated IDR15.55 billion.
Dividend Yield: 6.4%
Bumitama Agri's dividend payments have been volatile over the past decade, but its current payout ratio of 47.2% and cash payout ratio of 54.8% indicate dividends are covered by earnings and cash flows. Despite a slight decrease in interim dividends to S$0.012 per share, its yield remains competitive at 6.36%. Recent financials show a decline in net income for H1 2024 to IDR 856.79 million from IDR 1,188.89 million a year ago.