YHI International And 2 Other Leading SGX Dividend Stocks

In This Article:

In recent months, the Singapore market has shown resilience amid global economic uncertainties, with indices maintaining steady performance. In such an environment, dividend stocks like YHI International stand out as attractive options for investors seeking stable returns and income generation.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

BRC Asia (SGX:BEC)

6.99%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.69%

★★★★★☆

YHI International (SGX:BPF)

6.43%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.05%

★★★★★☆

Singapore Exchange (SGX:S68)

3.21%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.27%

★★★★★☆

QAF (SGX:Q01)

6.10%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.22%

★★★★☆☆

Oversea-Chinese Banking (SGX:O39)

5.74%

★★★★☆☆

Delfi (SGX:P34)

6.90%

★★★★☆☆

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.

YHI International

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

Overview: YHI International Limited, with a market cap of SGD 142.94 million, is an investment holding company that distributes automotive and industrial products across Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, New Zealand and internationally.

Operations: YHI International Limited's revenue segments include Distribution in ASEAN (SGD 119.40 million), Oceania (SGD 140.24 million), North East Asia (SGD 17.99 million), and Other regions (SGD 33.31 million), along with Manufacturing in ASEAN (SGD 55.05 million) and North East Asia excluding rental income (SGD 57.20 million).

Dividend Yield: 6.4%

YHI International has shown a stable earnings growth with net income rising to S$7.71 million for the half-year ending June 30, 2024, up from S$7.47 million a year ago. The company's dividend payout ratio stands at 68.9%, indicating dividends are well-covered by earnings and cash flows (cash payout ratio: 43.3%). However, its dividend payments have been volatile over the past decade despite recent increases in payouts.

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

Jardine Cycle & Carriage

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

Overview: Jardine Cycle & Carriage Limited, an investment holding company, operates in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally with a market cap of SGD10.87 billion.