Last updated December 12th, 2018.


People often prefer stocks yielding high payouts because of their stability. Being one of the most stable countries in Asia, Singapore’s top dividend stocks may be a wise purchase for the conservative investor.

Singapore provides a type of safety which is difficult to find elsewhere in the region. Investors benefit from a strong rule of law, but perhaps more importantly, the Singapore Dollar is one of Asia’s most stable currencies.

Buying assets that are denominated in Vietnamese Dong or Indonesian Rupiah is certainly far riskier.

The below companies are among Singapore’s best dividend stocks with the highest yields on the entire nation’s stock market. Two of them are large cap while two more are quasi-public corporations. Yet they all have strong dividend yields in the mid-single digit range.


Starhub (8.89% Yield)

Three of Singapore's Best Dividend Stocks

Singapore’s highest dividend yielding stock is also one of the country’s largest conglomerates.

Starhub Limited (SGX: CC3) is a telecom company that offers a full range of services including television, internet and mobile service.

Worth noting is that Starhub is the sole operator of cable TV in Singapore. Along with Temasek Holdings, Singapore’s only terrestrial television operator, they hold a duopoly on Singaporean television service.

I suppose zero competition is one way to ensure your business is a safe long-term bet.


Singapore Telecom (5.74% Yield)

Singapore Telecom (SGX: Z74), more commonly known as Singtel, is the second telecom firm on this list. The company operates in many places including Thailand, India, The Philippines, and Indonesia.

With over 477 million mobile network subscribers worldwide, Singtel is not only the largest mobile phone operator in Singapore but one of the largest in the world.

Furthermore, Singtel’s expansion into high-growth frontier markets means they can benefit from nearby countries in Southeast Asia that are growing faster than Singapore.


Jardine Cycle and Carriage (3.30% Yield)

Boasting a long history going all the way back to 1899, Jardine Cycle and Carriage (SGX: C07) was renamed from Cycle and Carriage following its merger with the Jardine Matheson Group.

They mostly sell and distribute foreign brands such as Kia, Mercedes-Benz, and Mitsubishi in Singapore. Jardine Cycle and Carriage pays a strong yield of 3.30% ranking it third on our list of best dividend stocks.

Local investors have lately been bearish on Singapore stocks. However, attractive valuations and high payouts should help equities in the Lion City perform well in the future.

Are you more interested in property than dividend stocks? You might be interested in reading our complete guide to buying Singapore real estate.


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About Reid Kirchenbauer

Reid Kirchenbauer is the Founder of InvestAsian. He's an international stock trader and property investor based in Southeast Asia. Reid manages the world's first frontier market real estate fund and has been featured in publications such as Forbes, Property Report, South China Morning Post, and Seeking Alpha. You can learn more about him here.

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