3 Top Dividend Stocks On SGX To Consider
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The Singapore stock market has been navigating a period of volatility, with investors keenly observing economic indicators and corporate earnings reports. In such an environment, dividend stocks often attract attention for their potential to provide steady income streams. When considering dividend stocks on the SGX, it's essential to look at companies with strong financial health and a consistent track record of paying dividends.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.96% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.66% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.63% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.29% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.36% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.70% | ★★★★★☆ |
| Delfi (SGX:P34) | 7.13% | ★★★★☆☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.34% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 6.11% | ★★★★☆☆ |
| Nordic Group (SGX:MR7) | 4.61% | ★★★★☆☆ |
Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Hour Glass
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Hour Glass Limited (SGX:AGS) is an investment holding company that retails and distributes watches, jewelry, and other luxury products across Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD991.57 million.
Operations: The company's primary revenue segment is the retailing and distribution of watches, jewelry, and other luxury products, generating SGD1.13 billion.
Dividend Yield: 5.2%
Hour Glass has a mixed dividend history, with payments being volatile over the past decade. However, its dividends are well-covered by earnings (payout ratio: 33.5%) and cash flows (cash payout ratio: 46.2%). The recent approval of a final dividend of S$0.06 per share for FY2024 underscores its commitment to returning value to shareholders despite an unstable track record. Additionally, recent board changes and a share repurchase program may impact future dividend stability and growth potential.
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Get an in-depth perspective on Hour Glass' performance by reading our dividend report here.
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Our valuation report unveils the possibility Hour Glass' shares may be trading at a discount.
Nordic Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nordic Group Limited (SGX:MR7) is an investment holding company providing global solutions in system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom technology, air and water engineering with a market cap of SGD137.69 million.