An Overview Of The Dividend Yields Of The Top 30 Companies In Singapore

“Given the low interest rate environment and the low dividend yields in most blue chip companies in Singapore’s market, can I still find good, stable companies that offer a high dividend yield?”

The question above was asked by an income investor in his early fifties whom I had met recently.

His question made me curious about the dividend yields of the blue chips in Singapore’s stock market as I was under the impression that there were more than a handful of blue chips with yields of 4% or more. In Singapore’s context, blue chips refer to the 30 companies that make up the Straits Times Index (SGX: ^STI).

So, I decided to dig in and find out the yields for each of the 30 companies in the Straits Times Index. Here’re my results (data from SGX Stock Facts and as of 15 December 2016):

  • Hutchison Port Holdings Trust (SGX: NS8U) – 9.26%
  • StarHub Ltd (SGX: CC3) – 6.73%
  • Ascendas Real Estate Investment Trust (SGX: A17U) – 6.39%
  • CapitaLand Mall Trust (SGX: C38U) – 5.72%
  • CapitaLand Commercial Trust (SGX: C61U) – 5.65%
  • Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) – 4.93%
  • Keppel Corporation Limited (SGX: BN4) – 4.81%
  • Singapore Telecommunications Limited (SGX: Z74) – 4.64%
  • Singapore Airlines Ltd (SGX: C6L) – 4.49%
  • Singapore Press Holdings Limited (SGX: T39) – 4.09%
  • Oversea-Chinese Banking Corp Limited (SGX: O39) – 3.92%
  • Singapore Exchange Limited (SGX: S68) – 3.78%
  • Thai Beverage Public Company Limited (SGX: Y92) – 3.75%
  • ComfortDelGro Corporation Ltd (SGX: C52) – 3.57%
  • SIA Engineering Company Ltd (SGX: S59) – 3.49%
  • DBS Group Holdings Ltd (SGX: D05) – 3.37%
  • Sembcorp Industries Limited (SGX: U96) – 3.36%
  • United Overseas Bank Ltd (SGX: U11) – 3.31%
  • SATS Ltd (SGX: S58) – 3.29%
  • Genting Singapore PLC (SGX: G13) – 3.08%
  • Singapore Technologies Engineering Ltd (SGX: S63) – 2.93%
  • CapitaLand Limited (SGX: C31) – 2.90%
  • Hongkong Land Holdings Limited (SGX: H78) – 2.87%
  • Global Logistic Properties Ltd (SGX: MCO) – 2.73%
  • Jardine Matheson Holdings Limited (SGX: J36) – 2.49%
  • UOL Group Limited (SGX: U14) – 2.42%
  • Jardine Cycle & Carriage Ltd (SGX: C07) – 2.25%
  • Wilmar International Limited (SGX: F34) – 2.11%
  • Golden Agri-Resources Ltd (SGX: E5H) – 1.12%
  • City Developments Limited (SGX: C09) – 0.95%

So there you go, the dividend yields of 30 of some of the Singapore stock market’s largest companies. (And I was right, there are indeed some blue chips with yields of over 4% – 10, in fact.)

From here, investors may then carry on deeper research on the blue chips that meet their basic yield requirements. Have fun!

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of CapitaLand Mall Trust, United Overseas Bank, and SATS. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.