Operations: QAF Limited generates revenue primarily from its Bakery segment, amounting to SGD460.50 million, and its Distribution & Warehousing segment, contributing SGD164.22 million.

Dividend Yield: 6%

QAF Limited's dividend yield of 5.99% places it in the top quartile among Singaporean dividend payers, although its historical reliability is questionable due to a lack of growth over the past decade. The company's dividends are currently covered by both earnings and cash flows, with payout ratios around 82%. Recent financial performance shows significant improvement, with net income rising to S$12.48 million for H1 2024, supporting its interim dividend payment of S$0.01 per share in September.

• Navigate through the intricacies of QAF with our comprehensive dividend report here.

• The valuation report we've compiled suggests that QAF's current price could be inflated.

Singapore Exchange

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

Overview: Singapore Exchange Limited operates an integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore, with a market cap of SGD12.15 billion.

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

Dividend Yield: 3.2%

Singapore Exchange offers a stable dividend profile, supported by a sustainable payout ratio of 61.7% and consistent cash flow coverage at 69.9%. Despite its dividend yield of 3.17% being below the top quartile in Singapore, it remains reliable with steady growth over the past decade. Recent financial results show revenue at S$1.23 billion and net income at S$597.91 million for FY2024, reinforcing its capacity to maintain dividends amidst executive changes like appointing Daniel Koh as CFO from December 2024.

• Unlock comprehensive insights into our analysis of Singapore Exchange stock in this dividend report.

• Our expertly prepared valuation report Singapore Exchange implies its share price may be too high.

Key Takeaways

• Take a closer look at our Top SGX Dividend Stocks list of 17 companies by clicking 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:O39 SGX:Q01 and SGX:S68.

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