Top SGX Dividend Stocks To Boost Your Portfolio

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The Singapore market has shown resilience amidst global economic uncertainties, with the Straits Times Index reflecting steady performance. In this environment, dividend stocks can offer a reliable income stream and stability to your portfolio.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.37%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.81%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.53%

★★★★★☆

UOL Group (SGX:U14)

3.76%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.60%

★★★★★☆

Civmec (SGX:P9D)

5.38%

★★★★★☆

Singapore Exchange (SGX:S68)

3.67%

★★★★★☆

DBS Group Holdings (SGX:D05)

6.43%

★★★★★☆

Singapore Airlines (SGX:C6L)

8.16%

★★★★★☆

YHI International (SGX:BPF)

6.77%

★★★★★☆

Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Multi-Chem

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Multi-Chem Limited, with a market cap of SGD254.97 million, is an investment holding company that distributes information technology products in Singapore, Greater China, Australia, India, and internationally.

Operations: Multi-Chem Limited generates revenue by distributing information technology products across Singapore, Greater China, Australia, India, and various international markets.

Dividend Yield: 8.6%

Multi-Chem Limited reported strong earnings growth, with net income rising to SGD 16.42 million for the half year ended June 30, 2024. Despite a high dividend yield of 8.59%, the company's dividends have been volatile and are not well covered by free cash flows or earnings, indicating potential sustainability issues. Trading at a significant discount to its estimated fair value, Multi-Chem's dividends have increased over the past decade but remain unreliable due to inconsistent payments and high payout ratios.

SGX:AWZ Dividend History as at Aug 2024
SGX:AWZ Dividend History as at Aug 2024

Singapore Airlines

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Singapore Airlines Limited, along with its subsidiaries, offers passenger and cargo air transportation services under the Singapore Airlines and Scoot brands across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa with a market cap of SGD20.97 billion.

Operations: Singapore Airlines Limited generates revenue from three main segments: Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion).