Top SGX Dividend Stocks To Consider In September 2024
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The market has climbed by 1.7% over the past week, with every sector up, and is up 9.5% over the last 12 months. In this favorable environment, identifying strong dividend stocks can provide a steady income stream while capitalizing on forecasted earnings growth of 10.0% annually.
Top 10 Dividend Stocks In Singapore
| Name | Dividend Yield | Dividend Rating |
| BRC Asia (SGX:BEC) | 6.99% | ★★★★★☆ |
| Bumitama Agri (SGX:P8Z) | 6.76% | ★★★★★☆ |
| Singapore Airlines (SGX:C6L) | 7.27% | ★★★★★☆ |
| YHI International (SGX:BPF) | 6.36% | ★★★★★☆ |
| Singapore Exchange (SGX:S68) | 3.20% | ★★★★★☆ |
| QAF (SGX:Q01) | 6.10% | ★★★★★☆ |
| Genting Singapore (SGX:G13) | 4.71% | ★★★★☆☆ |
| UOB-Kay Hian Holdings (SGX:U10) | 6.17% | ★★★★☆☆ |
| Oversea-Chinese Banking (SGX:O39) | 5.69% | ★★★★☆☆ |
| Delfi (SGX:P34) | 6.64% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top SGX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Delfi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Delfi Limited is an investment holding company that manufactures, markets, distributes, and sells chocolate and consumer products primarily in Indonesia, the Philippines, Malaysia, Singapore, and internationally with a market cap of SGD513.37 million.
Operations: Delfi Limited generates revenue of $349.57 million from Indonesia and $183.30 million from its Regional Markets segment.
Dividend Yield: 6.6%
Delfi's dividend payments have been volatile over the past decade and are not well covered by free cash flows, with a high cash payout ratio of 750.7%. Despite having a reasonable earnings payout ratio of 57.2%, recent interim dividends decreased slightly to S$0.0272 per share for H1 2024 from S$0.0273 in H1 2023. Additionally, Delfi reported declining sales (US$260.81 million) and net income (US$19.57 million) for the same period, indicating potential challenges ahead for sustaining dividend payouts.
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Click here to discover the nuances of Delfi with our detailed analytical dividend report.
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Our valuation report unveils the possibility Delfi's shares may be trading at a discount.
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 SGD400.50 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: 5.8%
China Sunsine Chemical Holdings has a low payout ratio of 21.1%, indicating dividends are well-covered by earnings. Despite this, the company's dividend payments have been volatile over the past decade. Recent earnings for H1 2024 showed stable sales (CNY 1.75 billion) and a slight decline in net income (CNY 188.8 million). While trading at good value, its dividend yield (5.78%) is slightly below the top tier in Singapore's market.