As the Singapore market navigates a landscape of economic shifts and global uncertainties, dividend stocks have become a focal point for investors seeking stability and income. In this environment, identifying strong dividend-paying companies like Hour Glass and others can be appealing due to their potential to provide consistent returns amidst fluctuating 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.

Hour Glass

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

Overview: The Hour Glass Limited is an investment holding company involved in the retailing and distribution of watches, jewelry, and other luxury products across several countries including Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD1.10 billion.

Operations: The Hour Glass Limited generates SGD1.13 billion in revenue from its activities in the retailing and distribution of watches, jewelry, and other luxury products.

Dividend Yield: 4.7%

Hour Glass's dividend payments are covered by earnings and cash flows, with payout ratios of 33.5% and 46.2%, respectively, indicating financial prudence. However, its dividends have been volatile over the past decade, impacting reliability despite recent growth. The dividend yield of 4.71% is below Singapore's top quartile payers at 5.92%. A recent AGM approved a final dividend of S$0.06 per share for FY2024, amidst ongoing share repurchase activities enhancing shareholder value perception.

• Dive into the specifics of Hour Glass here with our thorough dividend report.

• The valuation report we've compiled suggests that Hour Glass' current price could be inflated.

Sheng Siong Group

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

Overview: Sheng Siong Group Ltd is an investment holding company that operates a chain of supermarket retail stores in Singapore, with a market cap of SGD2.39 billion.

Operations: The primary revenue segment for Sheng Siong Group Ltd is its Supermarket Operations Selling Consumer Goods, which generated SGD1.39 billion.

Dividend Yield: 3.9%

Sheng Siong Group's dividends are supported by earnings and cash flows, with payout ratios of 69.6% and 51.8%. Despite increasing over the past decade, dividend reliability is affected by volatility. The yield of 3.93% falls short compared to Singapore's top dividend payers at 5.92%. Recent earnings for H1 2024 showed growth, with net income rising to S$69.91 million from S$65.36 million year-on-year, reflecting a stable financial position amidst executive changes in September 2024.

• Take a closer look at Sheng Siong Group's potential here in our dividend report.

• The valuation report we've compiled suggests that Sheng Siong Group's current price could be quite moderate.

Singapore Exchange

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

Overview: Singapore Exchange Limited operates as an investment holding company, managing an integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore, with a market capitalization of SGD12.61 billion.

Operations: Singapore Exchange Limited generates revenue through its segments in 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: 3.1%

Singapore Exchange's dividends are well-covered by earnings and cash flows, with payout ratios of 61.7% and 69.9%, respectively. Although the dividend yield of 3.06% is lower than top-tier payers in Singapore, it has shown stability and growth over the past decade. Recent financial results indicate a rise in net income to S$597.91 million for FY2024, supporting its dividend sustainability amidst recent executive changes including a new CFO appointment effective December 2024.

• Get an in-depth perspective on Singapore Exchange's performance by reading our dividend report here.

• Upon reviewing our latest valuation report, Singapore Exchange's share price might be too optimistic.

Next Steps

• Delve into our full catalog of 19 Top SGX Dividend Stocks here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

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Searching for a Fresh Perspective?

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• 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:AGS SGX:OV8 and SGX:S68.

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