Singapore’s 10 highest yielding mid-cap stocks

My Gateway (92 x 92) The Straits Times Index (SGX: ^STI) is made up of the 30 biggest capitalised securities on SGX Mainboard that pass investability screens. The next 50 biggest capitalised securities make up the FTSE ST Mid Cap Index.

In 2013 thus far, the FTSE ST Mid Cap Index has declined 2.4% on price alone, or gained 1.0% in terms of price and dividends combined.  This has followed on from its 31.7% price gain or combined price and dividend return of 39.3% in 2012.

The ten highest indicative dividend yields of the FTSE ST Mid Cap Index constituents are represented by seven Real Estate Investment Trusts (REITs), two stapled trusts and one corporation. The table below details these constituents.

Short Name SGX Code Mkt Cap S$M Last Dvd Type Distribution frequency Dvd 12M Yld – Gross Dvd Ind Yld Px Chg Pct YTD Total Return YTD
LIPPO MALLS D5IU   1,045 Distribution Quarterly 6.9 7.8 -3.1 1.8
ASCOTT RESIDENCE A68U   1,580 Pro Rata Semi-Annual 6.7 7.5 -8.1 -1.8
MAPLETREE INDUST ME8U   2,240 Distribution Quarterly 6.9 7.2 -0.4 4.7
CDL HOSP TRUST J85   1,537 Distribution Semi-Annual 7.0 6.8 -16.0 -10.8
VENTURE CORP LTD V03   2,034 Regular Cash Annual 6.8 6.8 -8.2 -2.1
CAPITARETAIL AU8U   1,061 Distribution Semi-Annual 4.4 6.6 -14.0 -10.5
MAPLETREE LOG TR M44U   2,655 Distribution Quarterly 6.4 6.6 -4.8 -0.5
FAR EAST H TRUST Q5T   1,531 Pro Rata Quarterly 6.2 6.6 -13.4 -8.8
ASCENDAS REIT A17U   5,474 Distribution Quarterly 4.5 6.2 -3.8 0.3
FRASERS CENTREPO J69U   1,542 Distribution Quarterly 5.7 6.1 -6.5 -2.8

Source: Bloomberg (Data as of 16 August 2013)

The three highest indicative dividend yields of the FTSE ST Mid Cap Index are maintained by three REITs that invest in different types of property assets in different parts of the world. Lippo Malls (SGX: D5IU) invests in retail related property in Indonesia, Ascott Residence (SGX: A68U) invests in residential related property across 12 countries and Mapletree Industrial Trust (SGX:ME8U) invests in industrial related property assets in Singapore. Both CDL Hospitality Trust and Far East Hospitality Trust are stapled trusts and invest in hotel and lodging related assets.

As exemplified in the above table, the Real Estate Sector is well represented within the FTSE ST Mid Cap Index.  The FTSE ST Mid Cap Index includes 15 REITs, two stapled securities that invest in property assets and seven companies that represent the Real Estate Investment & Services Sector. Together these 24 securities make up almost 60% of the capitalisation of the Index.

The 50 securities that make up the FTSE ST Mid Cap Index have a combined market capitalisation of S$107.9 billion. The aforementioned investability screens on constituents of the Index include size, free float and liquidity assessments.

The largest five securities by free float of the FTSE ST Mid Cap Index make up the Reserve List for the STI.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.