Advertisement
Singapore markets closed
  • Straits Times Index

    3,497.78
    +22.72 (+0.65%)
     
  • Nikkei

    41,190.68
    -1,033.34 (-2.45%)
     
  • Hang Seng

    18,293.38
    +461.05 (+2.59%)
     
  • FTSE 100

    8,252.91
    +29.57 (+0.36%)
     
  • Bitcoin USD

    58,442.70
    +1,282.98 (+2.24%)
     
  • CMC Crypto 200

    1,224.32
    +25.75 (+2.15%)
     
  • S&P 500

    5,615.35
    +30.81 (+0.55%)
     
  • Dow

    40,000.90
    +247.15 (+0.62%)
     
  • Nasdaq

    18,398.45
    +115.04 (+0.63%)
     
  • Gold

    2,416.00
    -5.90 (-0.24%)
     
  • Crude Oil

    82.18
    -0.44 (-0.53%)
     
  • 10-Yr Bond

    4.1890
    -0.0040 (-0.10%)
     
  • FTSE Bursa Malaysia

    1,619.06
    -4.06 (-0.25%)
     
  • Jakarta Composite Index

    7,327.58
    +27.17 (+0.37%)
     
  • PSE Index

    6,648.23
    +38.99 (+0.59%)
     

5 Singapore Stocks Sporting Dividend Yields of 5.4% or Higher

Server room | Image credit: netlinktrust.com
Server room | Image credit: netlinktrust.com

Income investors enjoy receiving a steady stream of passive income from dividends.

These dividends are paid by dividend-paying stocks that churn out consistent free cash flow.

However, not all dividend stocks are made the same.

Some sport a higher dividend yield than others, making them more attractive for investors to accumulate.

That said, it is necessary to assess the business to determine if its dividend yield is sustainable.

Here are five Singapore stocks that sport attractive dividend yields of 5.4% or more that you can add to your buy watchlist.

PropNex Ltd (SGX: OYY)

PropNex is an integrated real estate services group offering a range of services such as real estate brokerage, training, and consultancy.

ADVERTISEMENT

As of 15 February 2024, the group has 12,233 sales professionals.

For 2023, PropNex reported a downbeat set of earnings as buying sentiment and transaction volumes declined amid successive waves of government cooling measures.

Revenue fell by 18.6% year on year to S$838.1 million while net profit tumbled by 23.3% year on year to S$47.8 million.

Despite the fall in net profit, the business still generated a healthy positive free cash flow of S$57.5 million for 2023.

A final dividend of S$0.035 was declared, taking the total dividend for 2023 to S$0.06.

Shares of PropNex offer a trailing dividend yield of 6.9%.

Management expects the housing market outlook to remain stable for 2024 supported by Singapore’s economic growth and the possible reduction in global interest rates.

Boustead Singapore Limited (SGX: F9D)

Boustead Singapore Limited, or BSL, is a conglomerate with four key divisions – energy engineering, real estate, geospatial, and healthcare.

The group saw revenue for its fiscal 2024 (FY2024) ending 31 March 2024 jump 37% year on year to S$767.6 million.

The increase was led by higher contributions from the geospatial and energy engineering divisions because of a high order book at the end of FY2023.

Gross profit climbed 44% year on year to S$226.7 million.

Net profit, excluding one-off and exceptional items, doubled year on year from S$31.5 million to S$63.3 million.

A final dividend of S$0.04 was declared, to be accepted in either cash or scrip.

With this declaration, the total dividend for FY2024 came up to S$0.055, giving BSL’s shares a trailing dividend yield of 5.4%.

The engineering group ended FY2024 with an order book backlog of S$247 million.

Separately, its Geospatial division saw a deferred services backlog of S$129 million, a record high.

Valuetronics Holdings Limited (SGX: BN2)

Valuetronics is an integrated electronics manufacturing services provider with two principal business segments – consumer electronics (CE) and industrial and commercial electronics (ICE).

The group owns two manufacturing facilities located in China and Vietnam.

For FY2024, Valuetronics reported a mixed set of earnings.

Revenue fell by 17.1% year on year to HK$1.67 billion, led by a 20.8% year-on-year plunge in revenue for its ICE division to HK$1.25 billion.

Gross profit, however, inched up 1.3% year on year to HK$265.2 million as the group’s gross margin improved from 13% to 15.9%.

Net profit surged by nearly 30% year on year to HK$159.6 million.

The manufacturing company declared a final and special dividend of HK$0.09 and HK$0.08, respectively.

Coupled with the interim dividend of HK$0.08, the total dividend for FY2024 was HK$0.25.

Valuetronics’ shares sport a trailing dividend yield of 6.9%.

Management warned that high interest rates and inflation may adversely affect customer demand and result in lower revenue.

The group plans to continue exploring new projects with existing customers while seeking out new customers to add to its portfolio.

NetLink NBN Trust (SGX: CJLU)

NetLink NBN Trust designs, owns, and operates the fibre network infrastructure of Singapore’s next-generation nationwide broadband network (NBN).

The group announced a resilient set of results for FY2024.

Revenue edged up 1.9% year on year to S$411.3 million, led by a higher volume of residential connections.

Net profit, however, fell by 5.5% year on year because of a one-off, non-cash write-off of decommissioned assets.

Distribution per unit was unaffected by this write-off and increased by 1.1% year on year to S$0.053.

NetLink NBN Trust’s units provide a trailing dividend yield of 6.4%.

The group saw residential connections steadily climbing to 1.51 million for FY2024, up from 1.49 million in FY2023.

Non-residential connections also ended the fiscal year at 53,500, up from 52,100 in the prior year.

Singapore Airlines Limited (SGX: C6L)

Singapore Airlines Limited, or SIA, is Singapore’s flagship airline.

The blue-chip airline posted its highest-ever operating and net profit in the group’s history for FY2024.

Revenue rose 7% year on year to S$19 billion with operating profit inching up 1.3% year on year to S$2.7 billion.

Net profit climbed 24% year on year to S$2.7 billion.

The carrier also generated a positive free cash flow of S$3.8 billion.

In tandem with the good results, SIA proposed a final dividend of S$0.38, taking its full-year dividend to S$0.48.

At the last done share price of S$6.79, the airline’s shares sported a trailing dividend yield of 7.1%.

Attention: Investors aiming for both growth and peace of mind. We’ve pinpointed 5 SGX stocks known for consistent dividends. If you want to build a retirement portfolio, but don’t want the stress of stock watching, this report is for you. Click HERE to download now.

Follow us on Facebook and Telegram for the latest investing news and analyses!

Disclosure: Royston Yang owns shares of Boustead Singapore and NetLink NBN Trust.

The post 5 Singapore Stocks Sporting Dividend Yields of 5.4% or Higher appeared first on The Smart Investor.