A Quick Overview Of The Dividend Yield Of The Top 30 Companies In Singapore
“Given the low interest rate and low dividend yield in most blue chips company, can I still find good, stable companies that pays high dividend yield in the Singapore stock market?”
Above was a question an investor brought out in one of our discussion about the stock market and investment ideas. He is an income investor who is in his early fifties.
Personally, it was a good question, since I have no answer to that question on the spot.
Thus, I thought it might be a good idea to get an answer to his question. “Can we still find good quality companies that have high dividend yield? “
But what is good quality companies? Now, that is not an easy question to answer, since almost every investor will have a slightly different version of his understanding of good quality businesses.
As such, I will do something rather simple and straight forward – using the Straits Times Index (SGX: STI) companies as my proxy of good companies. Why so?
Because these companies are some of the best in their respective industries. So they should be quite stable when compared to those that are smaller.
With the parameters defined, our work here is to find out the dividend yield of all 30 companies in the STI.
The top 30 companies and their respective dividends:
|Companies||Dividend Yield (%)|
|Hutchison Port Hldg Trust (SGX: NS8U)||9.2%|
|StarHub Ltd (SGX: CC3)||6.9%|
|Ascendas Real Estate Investment Trust (SGX: A17U)||6.7%|
|Capitaland Mall Trust (SGX: C38U)||5.7%|
|CapitaLand Commercial Trust (SGX: C61U)||5.5%|
|Singapore Telecommunications Limited (SGX: ZY4)||4.5%|
|ComfortDelgro Corporation Limited (SGX: C52)||4.4%|
|Singapore Press Holdings Limited (SGX: T39)||4.3%|
|Singapore Technologies Engineering Ltd (SGX: S63)||4.0%|
|Singapore Exchange Limited (SGX: S68)||3.8%|
|Thai Beverage Public Company Limited (SGX: Y92)||3.6%|
|Sats (SGX: S58)||3.3%|
|Oversea-Chinese Banking Corp Limited (SGX: O39)||3.3%|
|Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6)||3.2%|
|SIA Engineering Company Ltd (SGX: S59)||3.2%|
|Keppel Corporation (SGX: BN4)||3.1%|
|United Overseas Bank Ltd (SGX: U11)||3.0%|
|DBS Group Holdings Ltd (SGX: D05)||2.9%|
|CapitaLand Limited (SGX: C31)||2.8%|
|Genting Singapore PLC (SGX: G13)||2.7%|
|Hongkong Land Holdings Limited (SGX: H78)||2.7%|
|Sembcorp Industries Limited (SGX: U96)||2.6%|
|Jardine Matheson Holdings Limited (SGX: J36)||2.5%|
|Jardine Cycle & Carriage Ltd (SGX: C07)||2.3%|
|Global Logistic Properties Ltd (SGX: MCO)||2.1%|
|Singapore Airlines Ltd (SGX: C6L)||2.0%|
|UOL Group Limited (SGX: U14)||1.9%|
|Wilmar International Limited (SGX: F34)||1.8%|
|Golden Agri-Resources Ltd (SGX: E5H)||1.6%|
|City Developments Limited (SGX: C09)||0.7%|
So those are the 30 leading companies in Singapore and their respective dividend yields.
From here, investors may perform more studies that might meet their yield requirements.