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In the quest for reliable dividend stocks, understanding the trajectory of a company's dividend payouts is essential. In Singapore, where dividends on average increased by 3.7% last year, it's important to identify stocks that consistently maintain or increase their dividends. However, companies like Frasers Property present a cautionary tale with their declining dividend trends, signaling potential risks for income-focused investors.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 7.24% | ★★★★★☆ |
| Multi-Chem (SGX:AWZ) | 8.53% | ★★★★★☆ |
| China Sunsine Chemical Holdings (SGX:QES) | 6.34% | ★★★★★☆ |
| Civmec (SGX:P9D) | 5.83% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.56% | ★★★★★☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.81% | ★★★★★☆ |
| UOL Group (SGX:U14) | 3.80% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.62% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 6.95% | ★★★★★☆ |
| Sing Investments & Finance (SGX:S35) | 6.03% | ★★★★☆☆ |
Click here to see the full list of 20 stocks from our Top SGX Dividend Stocks screener.
Underneath we present one of the stocks filtered out by our screen and one to consider sidestepping.
Top Pick
DBS Group Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DBS Group Holdings Ltd operates as a commercial bank offering financial services across Singapore, Hong Kong, Greater China, South and Southeast Asia, and globally, with a market capitalization of approximately SGD 107.96 billion.
Operations: The company generates its revenue primarily from commercial banking and financial services across various regions including Singapore, Hong Kong, the rest of Greater China, South and Southeast Asia, and internationally.
Dividend Yield: 5.2%
DBS Group Holdings has demonstrated a commitment to maintaining its dividend payments, with recent increases announced in 2024. The first quarter interim dividend and the final dividend for 2023 were both set at SGD 0.54 per share. Despite some operational challenges, including technology outages and executive changes, DBS reported a significant increase in net income to SGD 2.96 billion for Q1 2024 from SGD 2.57 billion the previous year. However, it's important to note that DBS's dividends have shown volatility over the past decade and its current yield of 5.17% is below the top quartile of Singapore market payers at 6.29%.
One To Reconsider
Frasers Property
Simply Wall St Dividend Rating: ★★☆☆☆☆
Overview: Frasers Property Limited is an investment holding company that develops, invests in, and manages a diverse portfolio of real estate properties, with a market capitalization of approximately SGD 3.08 billion.