The Singapore stock market has shown resilience amid global economic uncertainties, with the Straits Times Index (STI) reflecting steady performance. In such a climate, dividend stocks can be an attractive option for investors seeking stable returns and income generation.

Top 10 Dividend Stocks In Singapore

Click here to see the full list of 21 stocks from our Top SGX Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Genting Singapore

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

Overview: Genting Singapore Limited, an investment holding company with a market cap of SGD10.56 billion, primarily engages in the construction, development, and operation of integrated resort destinations in Asia.

Operations: Genting Singapore Limited generates revenue from its integrated resort destinations in Asia.

Dividend Yield: 4.6%

Genting Singapore's dividend payments have been volatile over the past decade, with a reasonable payout ratio of 69.8% and cash payout ratio of 72.3%, indicating coverage by earnings and cash flows. Despite a recent increase in interim dividends to S$0.02 per share, its dividend yield of 4.57% remains below the top quartile in Singapore's market (5.85%). Recent financial results show improved performance, with net income rising to S$356.91 million for H1 2024 from S$276.68 million a year ago.

• Dive into the specifics of Genting Singapore here with our thorough dividend report.

• Our comprehensive valuation report raises the possibility that Genting Singapore is priced lower than what may be justified by its financials.

Bumitama Agri

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

Overview: Bumitama Agri Ltd., an investment holding company with a market cap of SGD1.31 billion, engages in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia.

Operations: The company's revenue primarily comes from its Plantations and Palm Oil Mills segment, which generated IDR15.55 billion.

Dividend Yield: 6.4%

Bumitama Agri's dividend payments have been volatile over the past decade, but its current payout ratio of 47.2% and cash payout ratio of 54.8% indicate dividends are covered by earnings and cash flows. Despite a slight decrease in interim dividends to S$0.012 per share, its yield remains competitive at 6.36%. Recent financials show a decline in net income for H1 2024 to IDR 856.79 million from IDR 1,188.89 million a year ago.

• Unlock comprehensive insights into our analysis of Bumitama Agri stock in this dividend report.

• In light of our recent valuation report, it seems possible that Bumitama Agri is trading behind its estimated value.

China Sunsine Chemical Holdings

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

Overview: China Sunsine Chemical Holdings Ltd. is an investment holding company that manufactures and sells specialty chemicals globally, with a market cap of SGD448.18 million.

Operations: China Sunsine Chemical Holdings Ltd. generates revenue primarily from Rubber Chemicals (CN¥4.39 billion), Heating Power (CN¥202.99 million), and Waste Treatment (CN¥25.06 million).

Dividend Yield: 5.2%

China Sunsine Chemical Holdings reported stable earnings for H1 2024, with sales of CNY 1.75 billion and net income of CNY 188.8 million. Despite a low payout ratio of 21.1% and a cash payout ratio of 34%, its dividend yield is lower than top-tier payers in Singapore at 5.17%. The company’s dividends have been volatile over the past decade, making them less reliable despite being well-covered by earnings and cash flows.

• Navigate through the intricacies of China Sunsine Chemical Holdings with our comprehensive dividend report here.

• Our expertly prepared valuation report China Sunsine Chemical Holdings implies its share price may be lower than expected.

Key Takeaways

• Investigate our full lineup of 21 Top SGX Dividend Stocks right here.

• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.

• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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:G13 SGX:P8Z and SGX:QES.

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