Top SGX Dividend Stocks To Consider In October 2024
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In recent months, the Singapore stock market has shown resilience amidst global economic uncertainties, with investors keenly observing how local indices are performing. As income-focused investors look for stability and consistent returns, dividend stocks emerge as a compelling option due to their potential to provide regular income streams in such fluctuating environments.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.81% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.15% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.43% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.30% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.12% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.80% | ★★★★☆☆ |
| Genting Singapore (SGX:G13) | 4.79% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.76% | ★★★★☆☆ |
| United Overseas Bank (SGX:U11) | 5.43% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.64% | ★★★★☆☆ |
Click here to see the full list of 18 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 SGD 644.72 million, operates in the prefabrication of steel reinforcement for concrete across Singapore and various international markets including Australia and Hong Kong.
Operations: BRC Asia Limited generates its revenue primarily from two segments: Trading, which accounts for SGD 319.71 million, and Fabrication and Manufacturing, contributing SGD 1.35 billion.
Dividend Yield: 6.8%
BRC Asia offers a compelling dividend yield of 6.81%, placing it in the top 25% of Singapore's market despite its historically volatile and unreliable dividend payments over the past decade. The company's dividends are well-covered by earnings, with a payout ratio of 35.9%, though cash flow coverage is tighter at 85.3%. Trading at a significant discount to estimated fair value, BRC Asia presents good relative value compared to peers and industry standards.
DBS Group Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DBS Group Holdings Ltd is a leading financial services group offering commercial banking and financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally with a market cap of approximately SGD111.15 billion.
Operations: DBS Group Holdings Ltd generates revenue primarily from its Institutional Banking segment, which accounts for SGD9.18 billion, and its Consumer Banking/Wealth Management segment, contributing SGD9.34 billion.