3 high dividend yield stocks on SGX with yields up to 6.7%

How the financial situation is changing worldwide, recent news that Visa and Mastercard have decided to maintain limited fees for transactions with travel cards highlights a broader trend towards stability in regulation and predictability of costs in international trade. In such conditions, dividend stocks, especially those offering high yields on the Singapore Exchange (SGX), may attract the attention of investors looking for reliable sources of income amid unstable market conditions.

Top 10 dividend stocks in Singapore:

• BRC Asia (SGX:BEC) – yield 6.99%, rating ★★★★★☆
• Multi-Chem (SGX:AWZ) – yield 8.50%, rating ★★★★★☆
• UOL Group (SGX:U14) – yield 3.80%, rating ★★★★★☆
• UOB-Kay Hian Holdings (SGX:U10) – yield 6.81%, rating ★★★★★☆
• Bumitama Agri (SGX:P8Z) – yield 6.71%, rating ★★★★★☆
• Civmec (SGX:P9D) – yield 5.66%, rating ★★★★★☆
• Singapore Exchange (SGX:S68) – yield 3.55%, rating ★★★★★☆
• Singapore Airlines (SGX:C6L) – yield 6.88%, rating ★★★★★☆
• YHI International (SGX:BPF) – yield 6.77%, rating ★★★★★☆
• Sing Investments & Finance (SGX:S35) – yield 6.00%, rating ★★★★☆☆

To view the complete list of 21 stocks featured in our SGX dividend stock screener, please follow the link.

YHI International

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

Overview: YHI International Limited is an investment holding company that distributes automotive and industrial products across regions such as Singapore, Malaysia, China, Hong Kong, Taiwan, Australia, and New Zealand, with a market capitalization of 135.65 million SGD.

Operations: YHI International Limited generates revenue from various segments, including:

• 120.10 million SGD from distribution to ASEAN country;
• 47.72 million SGD from production in ASEAN;
• 136.97 million SGD from distribution in Oceania;
• 18.29 million SGD from distribution in East Asia;
• 57.87 million SGD from production in East Asia (excluding rent).

Dividend yield:6.8%. The recent announcement by YHI International of a dividend of 3.15 Singapore cents per share indicates a cautious approach given the unstable dividend history over the past ten years, marked by volatility and unpredictability in payments. Despite this, the company maintains a healthy payout structure with a coverage ratio of 70.1% and an even stronger cash flow of 26.6%, which suggests a reasonable support for consistent dividends based on operational performance. These financial measures highlight a cautious management approach, even though the shares are trading at a significant discount compared to the estimated fair value, which may indicate potential undervaluation.

Explore more detailed information about our analysis of YHI International's stock in this dividend report. Our estimates suggest that the current stock price of YHI International may be quite moderate.

APAC Realty

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

Overview: APAC Realty Limited is an investment holding company that offers real estate services in Singapore, Indonesia, Vietnam, and other international markets, with a market capitalization of 142.08 million SGD.

Operations: The main income of APAC Realty Limited is generated from real estate and brokerage services, amounting to 548.88 million SGD, while a smaller portion comes from rental income of 2.15 million SGD.

Dividend yield:6.2%. The recent expansion of the company into the Philippines through franchising may strengthen its position in the region and impact long-term earnings. However, its dividend history has been marked by instability, and the recent drop to 1.4 Singapore cents per share reflects this trend. Despite the projected earnings growth of 10.1% annually, dividends have been inconsistent over the past six years and are only moderately covered by cash flows (55.6%) and profits (75.4%), indicating potential difficulties in maintaining future dividend payments amid volatile profit margins, which have decreased from 3.8% last year to the current 2.1%.

You can learn more about APAC Realty in our comprehensive dividend report. According to our latest estimates, the stock price of APAC Realty may be overly pessimistic.

Civmec

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

Overview: Civmec Limited, an Australian investment holding company, provides construction and engineering services for sectors such as energy, resources, infrastructure, marine, and defense. The company's market capitalization is approximately 449.22 million SGD.

Operations: Civmec Limited generates revenue from its construction and engineering services, amounting to:

• 46.02 million AUD from the energy sector;
• 752.82 million AUD from resources;
• 105.52 million AUD in total from infrastructure, maritime, and defense projects.

Dividend yield:5.7%.

Read our dividend report on Civmec's performance to gain a more comprehensive understanding of its results. Our assessments indicate that Civmec may be an undervalued stock.

Conclusion

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This article from Simply Wall St is of a general nature. We provide commentary based on historical data and analyst forecasts using an impartial methodology. Our articles are not intended to provide financial advice, do not constitute recommendations to buy or sell any stocks, and do not take into account your goals or financial situation. We strive to provide you with long-term analysis based on fundamental data. Please note that our analysis may not consider the latest important company announcements or qualitative materials. Simply Wall St does not hold positions in any of the stocks mentioned in this text.