Dividend Yield: 5.7%

DBS Group Holdings' dividend payments have increased over the past decade, although they have been volatile with occasional drops over 20%. The current payout ratio of 54.1% ensures dividends are covered by earnings, and this is expected to remain sustainable in the next three years. Recent earnings report showed net income rising to S$5.74 billion for H1 2024 from S$5.2 billion a year ago, supporting its ability to continue paying dividends.

• Take a closer look at DBS Group Holdings' potential here in our dividend report.

• In light of our recent valuation report, it seems possible that DBS Group Holdings is trading behind its estimated value.

Singapore Exchange

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

Overview: Singapore Exchange Limited operates integrated securities and derivatives exchanges, related clearing houses, and an electricity market in Singapore with a market cap of SGD12.07 billion.

Operations: Singapore Exchange Limited generates revenue from four main segments: Equities - Cash (SGD334.94 million), Platform and Others (SGD240.20 million), Equities - Derivatives (SGD334.05 million), and Fixed Income, Currencies, and Commodities (SGD322.50 million).

Dividend Yield: 3.2%

Singapore Exchange's dividends are well-covered by earnings (payout ratio: 61.7%) and cash flows (cash payout ratio: 69.9%). The stock trades at a 12.2% discount to its estimated fair value, with stable and growing dividend payments over the past decade, currently yielding 3.19%. Recent earnings showed an increase in net income to S$597.91 million for FY2024 from S$570.9 million last year, indicating continued financial health despite executive changes including a new CFO starting December 2024.

• Dive into the specifics of Singapore Exchange here with our thorough dividend report.

• Insights from our recent valuation report point to the potential overvaluation of Singapore Exchange shares in the market.

Next Steps

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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:500 SGX:D05 and SGX:S68.

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