Stocks yielding high dividends are preferred for their stability over many others, and with Singapore being one of the most stable countries in Asia, high dividend stocks listed in country may be a wise purchase for the conservative investor. These three are among the best Singaporean stocks and have the country’s highest yields.
1. Jardine Cycle and Carriage (5.73% Yield)
Singapore’s highest dividend yielding stock is one of the country’s largest conglomerates. Jardine Cycle and Carriage (SGX: C07) was renamed from Cycle and Carriage, following its merger with the Jardine Matheson Group. The company is mostly involved in auto sales and distribution in Singapore of brands such as Kia, Mercedes-Benz and Mitsubishi.
2. Starhub (4.88% Yield)
Starhub Limited (SGX: CC3) is a telecommunications company offering a full range of services to consumers including television, internet and mobile service. The company is the sole operator of cable television in Singapore and along with Temasek Holdings, Singapore’s only terrestrial television channel operator, holds a monopoly on Singaporean TV service.
3. Singapore Telecom (4.73% Yield)
The second telecommunications company on this list is Singapore Telecom (SGX: T48), commonly known as Singtel. The company has operations in many countries including Thailand, India, The Philippines and Indonesia and with over 477 million mobile network subscribers worldwide is not only the largest mobile phone operator in Singapore, but one of the largest in the world.
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