Operations: Singapore Airlines Limited generates revenue from Engineering Services (SGD1.09 billion), Low-Cost Carrier operations (SGD2.45 billion), and Full Service Carrier operations (SGD16.18 billion).

Dividend Yield: 7.4%

Singapore Airlines recently approved a final dividend of 38 cents per share for the fiscal year ending March 31, 2024. The company has shown strong passenger and cargo growth, with operating results indicating increased capacity and load factors. Trading at a P/E ratio of 8.7x, below the market average, its dividend yield is in the top quartile of Singaporean payers. However, despite consistent earnings growth and sufficient coverage by cash flows (45.9%), its dividend history remains volatile over the past decade.

• Get an in-depth perspective on Singapore Airlines' performance by reading our dividend report here.

• Our valuation report unveils the possibility Singapore Airlines' shares may be trading at a discount.

Genting Singapore

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

Overview: Genting Singapore Limited, an investment holding company with a market cap of SGD10.14 billion, primarily focuses on the construction, development, and operation of integrated resort destinations in Asia.

Operations: Genting Singapore's revenue segments include gaming, which generated SGD1.72 billion, and non-gaming operations, contributing SGD0.66 billion.

Dividend Yield: 4.8%

Genting Singapore announced an interim dividend of S$0.02 per share for 2024, payable on September 18. The company reported strong half-year results with sales of S$1.36 billion and net income of S$356.91 million, reflecting significant growth from the previous year. Despite a reasonable payout ratio (69.8%) and coverage by cash flows (72.3%), its dividend history is volatile and yields are lower compared to top-tier payers in Singapore's market.

• Click here and access our complete dividend analysis report to understand the dynamics of Genting Singapore.

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

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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:BPF SGX:C6L and SGX:G13.

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