The Singapore market has shown resilience amid global economic uncertainties, offering investors steady opportunities in more traditional asset classes. With the volatility surrounding cryptocurrency investments, many are turning to dividend stocks for their potential to provide reliable income streams. In this article, we will explore three SGX dividend stocks yielding up to 7.5%, highlighting what makes them appealing choices in today's market conditions.

Top 10 Dividend Stocks In Singapore

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

Let's review some notable picks from our screened stocks.

Singapore Airlines

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

Overview: Singapore Airlines Limited, with a market cap of SGD22.60 billion, operates passenger and cargo air transportation services under the Singapore Airlines and Scoot brands across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa.

Operations: Singapore Airlines Limited's revenue segments include Full Service Carrier (SGD16.18 billion), Low-Cost Carrier (SGD2.45 billion), and Engineering Services (SGD1.09 billion).

Dividend Yield: 7.6%

Singapore Airlines recently approved a final dividend of S$0.38 per share for the fiscal year ending March 31, 2024. Despite a volatile dividend history, recent increases and share repurchase programs indicate efforts to enhance shareholder value. The company's dividends are covered by earnings (payout ratio: 75.9%) and cash flows (cash payout ratio: 45.9%). Trading at a P/E ratio of 8.5x, below the SG market average, it offers good relative value but faces forecasted earnings decline over the next three years.

• Take a closer look at Singapore Airlines' potential here in our dividend report.

• Our valuation report unveils the possibility Singapore Airlines' shares may be trading at a discount.

Bumitama Agri

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

Overview: Bumitama Agri Ltd., with a market cap of SGD1.22 billion, is an investment holding company involved in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia.

Operations: Revenue Segments (in millions of IDR): Bumitama Agri Ltd. generates revenue primarily from its Plantations and Palm Oil Mills segment, which amounted to IDR15,547.10 million.

Dividend Yield: 6.8%

Bumitama Agri Ltd. reported half-year 2024 earnings with sales of IDR 7.60 trillion and net income of IDR 856.79 billion, a decline from the previous year. Despite an unstable dividend history, its current yield is in the top 25% of SG market payers, supported by a low payout ratio (47.2%). Cash flows also cover dividends (54.8%). However, earnings are forecasted to decline slightly over the next three years, potentially impacting future payouts.

• Click to explore a detailed breakdown of our findings in Bumitama Agri's dividend report.

• The analysis detailed in our Bumitama Agri valuation report hints at an deflated share price compared to its estimated value.

Singapore Exchange

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

Overview: Singapore Exchange Limited operates an integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore with a market cap of SGD12.06 billion.

Operations: Singapore Exchange Limited generates revenue from four main segments: Equities - Cash (SGD334.94 million), Platform and Others (SGD240.20 million), Equities - Derivatives (SGD334.05 million), and Fixed Income, Currencies and Commodities (SGD322.50 million).

Dividend Yield: 3.2%

Singapore Exchange Limited's dividends have been stable and reliable over the past decade, with a current yield of 3.2%. The company reported fiscal year 2024 revenue of S$1.23 billion and net income of S$597.91 million, showing steady growth. Dividend payments are well-covered by both earnings (payout ratio: 61.7%) and cash flows (cash payout ratio: 70%). Despite trading below its estimated fair value, it offers consistent dividend growth with minimal volatility.

• Navigate through the intricacies of Singapore Exchange with our comprehensive dividend report here.

• The valuation report we've compiled suggests that Singapore Exchange's current price could be inflated.

Summing It All Up

• Click through to start exploring the rest of the 16 Top SGX Dividend Stocks now.

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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:C6L SGX:P8Z and SGX:S68.

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