Dividend Yield: 6.1%

Oversea-Chinese Banking Corporation Limited announced an interim dividend of S$0.44 per share, payable on 23 August 2024. The bank's earnings for H1 2024 showed net interest income of S$4.87 billion and net income of S$3.93 billion, indicating strong financial performance and a payout ratio of approximately 52.8%, suggesting dividends are well-covered by earnings. However, the dividend track record has been volatile over the past decade, impacting its reliability as a consistent dividend payer.

• Get an in-depth perspective on Oversea-Chinese Banking's performance by reading our dividend report here.

• According our valuation report, there's an indication that Oversea-Chinese Banking's share price might be on the cheaper side.

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 SGD1.39 billion in revenue from its supermarket operations selling consumer goods.

Dividend Yield: 4.2%

Sheng Siong Group's dividend payments have been unstable over the past decade, though they are covered by both earnings (69.6% payout ratio) and cash flows (51.8% cash payout ratio). Recent earnings for H1 2024 showed a net income of S$69.91 million on sales of S$714.2 million, reflecting growth from the previous year. However, its dividend yield of 4.17% is low compared to top-tier payers in Singapore's market, making it less attractive for high-yield seekers.

• Unlock comprehensive insights into our analysis of Sheng Siong Group stock in this dividend report.

• The valuation report we've compiled suggests that Sheng Siong Group's current price could be quite moderate.

Key Takeaways

• Explore the 20 names from our Top SGX Dividend Stocks screener here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SGX:AWZ SGX:O39 and SGX:OV8.

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