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As the Singapore market navigates a period of economic uncertainty, investors are increasingly turning their attention to dividend stocks on the SGX as a potential source of steady income. In this environment, selecting stocks with strong fundamentals and attractive yields can be crucial for building a resilient investment portfolio.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.81% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.34% | ★★★★★☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.88% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.12% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.56% | ★★★★★☆ |
| Tat Seng Packaging Group (SGX:T12) | 6.10% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.13% | ★★★★★☆ |
| QAF (SGX:Q01) | 5.95% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.80% | ★★★★☆☆ |
| Tai Sin Electric (SGX:500) | 5.88% | ★★★★☆☆ |
Click here to see the full list of 23 stocks from our Top SGX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Genting Singapore
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Genting Singapore Limited is an investment holding company focused on the construction, development, and operation of integrated resort destinations in Asia, with a market cap of SGD10.62 billion.
Operations: Genting Singapore Limited generates its revenue primarily through the operation of integrated resort destinations in Asia.
Dividend Yield: 4.5%
Genting Singapore's dividend payments are covered by both earnings and cash flows, with payout ratios of 69.8% and 72.3%, respectively, indicating sustainability despite a historically volatile dividend track record. Recent earnings growth of 30% suggests improved financial health, yet the dividend yield of 4.55% remains below top-tier levels in Singapore. The company proposed an interim dividend of S$0.02 per share for FY2024, reflecting a cautious approach to increasing shareholder returns amidst stable earnings growth.
China Sunsine Chemical Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: China Sunsine Chemical Holdings Ltd. is an investment holding company that manufactures and sells specialty chemicals globally, with a market cap of SGD467.26 million.
Operations: China Sunsine Chemical Holdings Ltd. generates its revenue from several segments, with CN¥4.39 billion coming from Rubber Chemicals, CN¥203 million from Heating Power, and CN¥25.06 million from Waste Treatment.
Dividend Yield: 5%
China Sunsine Chemical Holdings' dividend payments are well-covered by earnings and cash flows, with payout ratios of 21.1% and 34%, respectively, indicating sustainability despite a history of volatility. The company's dividend yield is lower than the top quartile in Singapore's market. Recent half-year results showed stable sales at CNY 1.75 billion but a slight decline in net income to CNY 188.8 million, reflecting challenges in maintaining consistent profitability amidst fluctuating dividends.