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SGX Dividend Delights Exploring Three Top Stocks

As the Singapore market continues to adapt and evolve, major initiatives like Santander's recent collaboration with Apple in Germany highlight the dynamic nature of global financial strategies. This underscores the importance of stability and consistent returns, qualities that make dividend stocks particularly appealing in fluctuating markets.

Top 10 Dividend Stocks In Singapore

Name

Dividend Yield

Dividend Rating

Civmec (SGX:P9D)

5.98%

★★★★★☆

Singapore Exchange (SGX:S68)

3.54%

★★★★★☆

UOB-Kay Hian Holdings (SGX:U10)

6.97%

★★★★★☆

China Sunsine Chemical Holdings (SGX:QES)

6.27%

★★★★★☆

UOL Group (SGX:U14)

3.73%

★★★★★☆

BRC Asia (SGX:BEC)

7.58%

★★★★★☆

Bumitama Agri (SGX:P8Z)

6.99%

★★★★★☆

Singapore Airlines (SGX:C6L)

7.07%

★★★★★☆

YHI International (SGX:BPF)

6.63%

★★★★★☆

Sing Investments & Finance (SGX:S35)

5.88%

★★★★☆☆

Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.

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Let's uncover some gems from our specialized screener.

Hour Glass

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: The Hour Glass Limited operates as an investment holding company that retails and distributes watches, jewelry, and other luxury products across Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market capitalization of SGD 1.01 billion.

Operations: The Hour Glass Limited generates SGD 1.13 billion primarily from the retail and distribution of watches, jewelry, and luxury products.

Dividend Yield: 5.2%

Hour Glass, with a P/E ratio of 6.4x, offers value below the Singapore market average. Despite its dividend yield of 5.19% not reaching the top quartile in Singapore, its dividends are sustainably covered by both earnings and cash flows, with payout ratios at 33.5% and 46.3%, respectively. However, dividend reliability may concern investors due to historical volatility over the past decade. Recently affirmed dividends and stable sales figures suggest a cautious optimism for maintaining payouts.

SGX:AGS Dividend History as at Jun 2024
SGX:AGS Dividend History as at Jun 2024

Singapore Airlines

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Singapore Airlines Limited operates passenger and cargo air transportation under the Singapore Airlines and Scoot brands across various regions including East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa, with a market capitalization of SGD 24.24 billion.

Operations: Singapore Airlines Limited generates revenue primarily through its Full Service Carrier (FSC) segment, which brought in SGD 16.18 billion, and its Low-Cost Carrier (LCC) operations, contributing SGD 2.45 billion, along with Engineering Services at SGD 1.09 billion.

Dividend Yield: 7.1%

Singapore Airlines reported a robust increase in annual sales to SGD 19.01 billion and net income to SGD 2.67 billion, reflecting solid operational performance with higher passenger volumes and load factors. Despite this, the dividend track record remains unstable, characterized by significant fluctuations over the past decade. The payout ratio stands at 75.9%, suggesting dividends are well-covered by earnings, yet cash flow coverage is lower at 45.9%, indicating potential pressure on sustaining dividends if operational cash flows vary.

SGX:C6L Dividend History as at Jun 2024
SGX:C6L Dividend History as at Jun 2024

Delfi

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Delfi Limited is an investment holding company that specializes in manufacturing, marketing, distributing, and selling chocolate and related consumer products across Indonesia, the Philippines, Malaysia, Singapore, and other international markets with a market cap of SGD 534.76 million.

Operations: Delfi Limited generates revenue primarily from its operations in Indonesia, contributing SGD 370.41 million, and its regional markets, adding another SGD 185.07 million.

Dividend Yield: 6.6%

Delfi Limited, with a dividend yield of 6.64%, ranks in the top 25% of Singaporean dividend stocks but faces challenges with sustainability. Its high cash payout ratio at 17.77 times suggests dividends are not well-supported by cash flows, and historical data reveal inconsistent dividend payments over the past decade. Despite a forecasted earnings growth of 3.07% per year and trading at a significant discount to fair value, analysts anticipate a potential stock price increase of 26.4%. Recent board changes could impact governance and strategic direction.

SGX:P34 Dividend History as at Jun 2024
SGX:P34 Dividend History as at Jun 2024

Summing It All Up

Want To Explore Some Alternatives?

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:AGS SGX:C6L and SGX:P34.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com