As the Singapore market navigates through a period of regulatory changes and economic adjustments, investors are increasingly looking for stable income sources amidst the evolving landscape. Dividend stocks, known for their consistent payouts, can offer a reliable income stream and potential capital appreciation, making them an attractive option in such dynamic times.

Top 10 Dividend Stocks In Singapore

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

Let's review some notable picks from our screened stocks.

Boustead Singapore

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

Overview: Boustead Singapore Limited is an investment holding company offering energy engineering, real estate, geospatial, and healthcare technology solutions across multiple regions worldwide, with a market cap of SGD460.76 million.

Operations: Boustead Singapore Limited generates revenue from its geospatial solutions (SGD 212.67 million), healthcare technology (SGD 10.58 million), energy engineering (SGD 174.41 million), and real estate solutions (SGD 369.46 million).

Dividend Yield: 5.7%

Boustead Singapore's recent financial performance shows a significant increase in earnings and revenue, with net income rising to S$64.19 million from S$45.33 million the previous year. The company proposed a final tax-exempt dividend of 4 cents per share, subject to shareholder approval. Despite a reasonable payout ratio (40.9%) and strong cash flow coverage (28.8%), its dividend history has been volatile over the past decade, raising concerns about sustainability despite recent growth trends.

• Take a closer look at Boustead Singapore's potential here in our dividend report.

• Our valuation report here indicates Boustead Singapore may be overvalued.

Genting Singapore

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

Overview: Genting Singapore Limited, an investment holding company with a market cap of SGD10.02 billion, primarily engages in the construction, development, and operation of integrated resort destinations in Asia.

Operations: Genting Singapore Limited generates revenue from its integrated resort destinations in Asia.

Dividend Yield: 4.2%

Genting Singapore reported a significant rise in earnings for the first half of 2024, with net income reaching S$356.91 million, up from S$276.68 million the previous year. The company proposed an interim dividend of 2 Singapore cents per share, payable on 18 September 2024. Despite a reasonable payout ratio (61%) and adequate cash flow coverage (63.3%), its dividend history has been volatile over the past decade, raising concerns about reliability.