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As the Singapore market continues to navigate post-pandemic economic adjustments, investors are keeping a keen eye on labor market trends and their implications for inflation and growth. With firms' perceptions of labor tightness returning to pre-pandemic levels, dividend stocks remain an attractive option for those seeking steady income in a fluctuating environment. A good dividend stock typically offers consistent payouts and resilience against economic shifts, making them particularly appealing in today's climate.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.75% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.22% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.29% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.11% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.02% | ★★★★★☆ |
| Aztech Global (SGX:8AZ) | 9.71% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.89% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.51% | ★★★★☆☆ |
| Nordic Group (SGX:MR7) | 4.00% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Multi-Chem
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Multi-Chem Limited is an investment holding company that distributes information technology products across Singapore, Greater China, Australia, India, and internationally with a market cap of SGD250.46 million.
Operations: Multi-Chem Limited generates revenue from its IT business in Singapore (SGD407.17 million), India (SGD54.17 million), Australia (SGD50.04 million), and other regions (SGD135.87 million), as well as from its PCB business in Singapore (SGD1.69 million).
Dividend Yield: 9.6%
Multi-Chem's dividend yield of 9.57% ranks in the top 25% of Singapore's market, but its sustainability is questionable due to a high cash payout ratio of 1054.3%. Despite recent earnings growth and an interim dividend increase to S$0.111 per share, dividends have been volatile over the past decade. The price-to-earnings ratio at 7.8x suggests good value compared to the market average, but significant insider selling raises concerns about future stability.
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 primarily from Rubber Chemicals (CN¥4.39 billion), followed by Heating Power (CN¥202.99 million) and Waste Treatment (CN¥25.06 million).