Top SGX Dividend Stocks Including DBS Group Holdings And 2 Others

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The Singapore stock market has been navigating a period of steady performance, with investors keeping a close eye on economic indicators and corporate earnings. Amid this backdrop, dividend stocks have garnered attention for their potential to offer stable returns and income in uncertain times. When considering what makes a good dividend stock, factors such as consistent payout history, strong financial health, and resilience in various market conditions are key. In this article, we will explore three top SGX dividend stocks: DBS Group Holdings and two others that stand out for their robust dividends and solid fundamentals.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

7.02%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.66%

★★★★★☆

YHI International (SGX:BPF)

6.56%

★★★★★☆

Singapore Exchange (SGX:S68)

3.29%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.62%

★★★★★☆

Civmec Singapore (SGX:P9D)

5.77%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.39%

★★★★☆☆

Oversea-Chinese Banking (SGX:O39)

6.01%

★★★★☆☆

Delfi (SGX:P34)

6.94%

★★★★☆☆

Nordic Group (SGX:MR7)

4.82%

★★★★☆☆

Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

DBS Group Holdings

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

Overview: DBS Group Holdings Ltd offers commercial banking and financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally with a market cap of SGD104.10 billion.

Operations: DBS Group Holdings Ltd generates revenue from Institutional Banking (SGD9.18 billion), Consumer Banking/Wealth Management (SGD9.34 billion), and Treasury Markets (SGD695 million).

Dividend Yield: 5.9%

DBS Group Holdings has demonstrated a mixed track record with dividends, showing volatility over the past decade. However, its dividend payments have increased during this period and are currently covered by earnings with a payout ratio of 54.1%. Recent financials indicate strong performance, with net interest income rising to S$7.10 billion for H1 2024. Leadership changes include the appointment of Tan Su Shan as Deputy CEO, which may influence future strategies and stability.

SGX:D05 Dividend History as at Sep 2024
SGX:D05 Dividend History as at Sep 2024

Genting Singapore

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

Overview: Genting Singapore Limited is an investment holding company that focuses on the construction, development, and operation of integrated resort destinations in Asia, with a market cap of SGD9.90 billion.