Yahoo Finance Top 3 SGX Dividend Stocks With Yields Up To 6.9%
The Singapore market has been experiencing notable fluctuations, reflecting broader global economic uncertainties and investor sentiment. Amidst these dynamics, dividend stocks have gained attention for their potential to provide steady income streams. In the current environment, a good dividend stock is characterized by a reliable payout history and strong financial fundamentals. Here are three SGX-listed dividend stocks that offer yields up to 6.9%.
Top 10 Dividend Stocks In Singapore
Name | Dividend Yield | Dividend Rating |
BRC Asia (SGX:BEC) | 7.02% | ★★★★★☆ |
Bumitama Agri (SGX:P8Z) | 6.77% | ★★★★★☆ |
YHI International (SGX:BPF) | 6.70% | ★★★★★☆ |
China Sunsine Chemical Holdings (SGX:QES) | 6.09% | ★★★★★☆ |
Singapore Exchange (SGX:S68) | 3.31% | ★★★★★☆ |
Singapore Airlines (SGX:C6L) | 7.64% | ★★★★★☆ |
QAF (SGX:Q01) | 6.13% | ★★★★★☆ |
UOB-Kay Hian Holdings (SGX:U10) | 6.34% | ★★★★☆☆ |
Oversea-Chinese Banking (SGX:O39) | 6.01% | ★★★★☆☆ |
Delfi (SGX:P34) | 6.99% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Jardine Cycle & Carriage
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Jardine Cycle & Carriage Limited (SGX:C07) is an investment holding company involved 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 SGD10.54 billion.
Operations: Jardine Cycle & Carriage Limited generates revenue from its diverse operations in financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses amounting to $21.36 billion.
Dividend Yield: 5.8%
Jardine Cycle & Carriage declared an interim dividend of US$0.28 per share for 2024, with dividends well-covered by earnings (payout ratio: 44.4%) and cash flows (cash payout ratio: 30.8%). Despite a recent decline in sales and net income, the company maintains a solid dividend history, although payments have been volatile over the past decade. The stock trades at a discount to its estimated fair value, providing potential upside for investors seeking both value and income stability.
Click to explore a detailed breakdown of our findings in Jardine Cycle & Carriage's dividend report.
Delfi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Delfi Limited, an investment holding company with a market cap of SGD491.98 million, manufactures, markets, distributes, and sells chocolate and consumer products in Indonesia, the Philippines, Malaysia, Singapore, and internationally.
Operations: Delfi Limited generates revenue primarily from Indonesia ($349.57 million) and Regional Markets ($183.30 million).
Dividend Yield: 7.0%
Delfi Limited's recent interim dividend of 2.72 Singapore cents per share for the first half of 2024 marks a slight decrease from last year. Despite a high cash payout ratio (750.7%) indicating dividends are not well covered by free cash flows, its earnings cover the payout ratio (57.2%). However, sales and net income have declined compared to the previous year, with earnings per share dropping to US$0.032 from US$0.0412.
Navigate through the intricacies of Delfi with our comprehensive dividend report here.
Our valuation report here indicates Delfi may be undervalued.
Singapore Exchange
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Singapore Exchange Limited operates integrated securities and derivatives exchanges, related clearing houses, and an electricity market in Singapore, with a market cap of SGD11.65 billion.
Operations: Singapore Exchange Limited generates revenue from four primary segments: Equities - Cash (SGD334.94 million), Platform and Others (SGD240.20 million), Equities - Derivatives (SGD334.05 million), and Fixed Income, Currencies, and Commodities (SGD322.50 million).
Dividend Yield: 3.3%
Singapore Exchange Limited (SGX) maintains a stable and reliable dividend, paying out 3.31% annually. The company's dividends have consistently grown over the past decade and are well-covered by earnings (payout ratio: 61.7%) and free cash flows (cash payout ratio: 70%). Recent financial results show revenue at S$1.23 billion and net income at S$597.91 million for FY2024, reflecting modest growth from the previous year, supporting its sustainable dividend policy.
Summing It All Up
Click this link to deep-dive into the 19 companies within our Top SGX Dividend Stocks screener.
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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:C07 SGX:P34 and SGX:S68.
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