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Singapore’s Five Highest-Yielding Mid-Caps

In a previous article we looked at some of Singapore’s highest-yielding blue chip shares. Today we drop down a level to examine Singapore’s mid-caps to see how they compare with the top flight income shares. Three of the five highest-yielding shares in the mid-caps are Real Estate Investment Trusts (REITs). In fact, around three quarters of the 20 best dividend-paying shares in the mid-tier are from the real estate sector.

Company Share price Yield
Hutchison Port Holdings   Trust (SGX:   NS8U)

$1.00

6.6%
Mapletree Industrial   Trust (SGX: ME8U)

$1.40

6.5%
Ascott Residence Trust (SGX: A68U)

$1.34

6.5%
Venture Corp Ltd. (SGX:  V03)

$8.54

5.9%
Keppel REIT Management   Ltd. (SGX: K71U)

$1.34

5.8%

* Trailing 12 month dividend yields by courtesy of S&P Capital IQ

Hutchison Port Holdings Trust, which is part of Hutchison Whampoa, is a notable exception. That said, some might say that a port operator could be a tangential play on a valuable property asset. After all, there are only a limited number of places in the world that are suitable for locating deep-water container ports. In the case of Hutchison Port Holdings Trust, it operates and manages ports in Guangdong, Hong Kong and Macau. Additionally, it is involved in three river ports in Jiangmen, Nanhai and Zhujai Jiuzhou.

Venture Corp, which was founded in 1984, designs and develops electronic and mechanical solutions for manufacturers and supply chains. Its expertise includes the design of printing and imaging equipment, handheld scanners and testing and measurement devices. Turnover at the global electronics service provider has been static at around $2.4b for the last couple of years, while income has fallen from $188m to $156m.

Mapletree Industrial Trust is one of Singapore’s 23 Real Estate Investment Trust. It is also one of a forest of Mapletree REITs that nestle under the canopy of Mapletree Investments – the most recent sapling being Mapletree Greater China Commercial Trust (SGX: RW0U). Mapletree Industrial Trust holds a portfolio of 70 properties that include business parks, flatted factories and warehouses. Over the last three years, revenues have increased from $197m to $271m, while the dividend payout has trebled from $0.03 to $0.09 per share.

Whether you are an income or a growth investor, The Motley Fool’s purpose is to help the world invest, better. Click here now for your FREE subscription to Take Stock — Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock – Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.