Singapore High Yield Dividend Stocks for Income

What a lot of people would like is to have high yielding dividend stocks (4%-10%) to compliment their growth stocks or to provide passive income.

Reasonable Yield yet Strong Currency

Dividend Stocks in Singapore does provide a good yield. Yet the Singapore Dollar is a strong currency as to be a great financial hub, Singapore’s currency need to be strong

Tracking good dividend yield stocks

Singapore High Yield Dividend Stocks for Income singapore high yield stocks

Singapore Dividend Stock Tracker lists Singapore best known high yield stocks and follows their yield payout, price to book, free cashflow yield changes daily.

This tracker is actively refine to include blue chips in Singapore and Mid cap suitable for international investors

Singapore Telecom Stocks

There are 3 telecom stocks in Singapore and they do provide good yields ranging from 4.5% to 8%.

Here is a guide to investing in these 3 telco stocks >>

They do not pale in comparison with other countries telecom stocks

Singapore High Yield Dividend Stocks for Income yields

Infrastructure and Utilities Stocks

Electric utilities, high ways, toll roads, air port, marine ports and oil & gas storage are high capital expenditure business that creates great barriers to entry. This make their cash flows very predictable and defensive.

Since they are high capex, they tend to be funded by large amount of debts, so investors would have to take note of their debt financing plans.

Singapore High Yield Dividend Stocks for Income 3E3yT

2012 Dividend Yield Comparison of Different Infrastructure Assets

Here is a comparison of what kind of yields you can look for based on US infrastructure stocks listed. Note that in Singapore they would tend to be 2% higher.

Some listed infrastructure stocks in Singapore includes:

Criterias of good dividend stocks

Many have asked me what are the hallmarks of a good dividend stock. Essentially they are no different from selecting good companies

  1. Wide Economic Moats – monopolistic business, things people cannot live without, outstanding network effect
  2. Good Growth – must grow instead of becoming stagnant. For dividend payouts to grow.
  3. Low Dividend Payout – this enables the retained cash to be channel to grow more cashflow
  4. Positive Free Cashflow – the blood of a dividend stock. A good company will have increasing or consistenly positive free cashflow
  5. Good Yield – 4%-7% yield. High yielding stocks tend to be because of high payouts which might not be good long term.

Build a long term income stream today!

What are the pros and cons of investing in dividend stocks? What are the selection criteria? How do you know if it works? What are the pitfalls to watch out for?

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I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. It  contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly  here.

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  • Gary

    Hi,
    Just the type of table I was looking for – a comprehensive High Yield Stocks in SGX.
    I have one simple request (I hope) to make the table easier for retirement income planning. Add a new column that tells the month(s) when the dividend payout is due. Great if this can be done, or if already available, then please direct me to the appropriate link.
    Many thanks in advance.
    Gary

  • Drizzt

    hi gary, that would be great. but lets see what my brain can come up with to help investors like you.

    Cheers

  • asimov

    I thought Rickmers paying 0.6US cents per quarter Wouldn’t that mean approximately 0.7 Sing cents per quarter which add up to ~2.8 Sing cents. Is there an error in the currency conversion in your dividend chart?
    It’s a good chart.

  • Drizzt

    hi asimov,

    thanks for the feed back i will check the data again today.

  • Vincent Ong

    Hello Drizzt,

    I just discovered your website today. The Stock Tracker is really great! Thanks for sharing it freely. Just a few questions:

    1. What do the coloured shadings mean?

    2. For Payout Ratio, I understand that the numerator is the OCF, but what is the denominator?

    3. I hope that Ascendas India Trust can be included. Any comment on this stock?

    With warm regards,
    Vincent.

  • Drizzt

    Hi vincent, you can find out more from my About Dividend Stock Tracker section.

    basically, red normally indicates unfavorable readings. blue indicates favorable readings. for example blue in long term debts and dividend yields indicate that debts are lower than my threshold and yield is high enough compare to average.

    Free cash flow is red when a company pays out more dividend than cash flow.

    the payout ratio is computed by dividend payout dividend by operating cash flow

    I may choose to include ascendas india trust. it is not a normal reit in the sense that it expand via development as well. i would classify it will treasury china trust. i may put it up in the future.

    thanks for visiting my blog!

  • Vince

    Hi Drizzt,

    Thanks very much for your reply.

    Vince.

  • Vince

    Hi Drizzt,

    I notice that Starhub’s PTB is way above all the others. Any reason for that?

    Also, the Free CF Yld of First and Starhill are really poor. And yet the Payout Ratio of Starhill seems ok. Any comments?

    Vince

  • Drizzt

    First REIT’s FCF yield is bad because it hasn’t seen contribution from 50% of its assets that was just bought.

    As for Starhub’s PTB you might want to refer to this article >> http://www.investmentmoats.com/money-management/dividend-investing/of-starhubs-enormous-debt-explained/

  • jim

    Does anyone notice a picture of a women (or maybe man) for a split second when clicking on the individual stocks in the dividend tracker?

  • FAZAL

    do you hava a monthly income portfolio from stocks in SINGAPORE/

  • Vince

    Hi Drizzt,

    Thanks for your reply. So, what is your opinion on First? Is it buy, hold, or sell? How about Starhill?

    I am just wondering, why is it that you are using operating cash flow to compute the payout ratio instead of free cash flow?

    Vince

  • Drizzt

    hi Vince, First REIT is a buy for me. Starhill i have not thoroughly look at it. i followed it since its MMP days. Starhill is more of a office retail REIT. My brother used to favor this sector as it is suppose to pick up but I did not look much into it then.

    As for why i use operating cash flow, people will tend to use net income to compute and i use operating cashflow because it essentially does not deduct depreciation and amortization, thus showing a company’s real capability to pay out dividends.

    of course free cash flow is a better measure. but my experience tells me most of the counters here will end up with negative payout ratio! taking a look at fcf yield, you can see how many of them are negative.

  • Vince

    Thanks Drizzt for your reply.

  • Drizzt

    hi Vince no probs

  • Drizzt

    hi Fazal, i don’t really understand your question. best regards.

  • Vince

    Hi Drizzt,

    Do you know what’s happening at AIMS? Their Cashflow Yld looks seriously bad.

  • Drizzt

    hi vince,

    i wish all readers can understand that i use a generic formula for FCF and one reason why AIMs look so bad is due to the devaluation of their assets value. This is recorded in the income statement hence the overall negative result in net income.

  • Vince

    Thanks Drizzt, so what is your opinion on AIMS, buy, hold or sell?

    On a separate matter, I notice that the 4th column of the Stock Tracker shows the daily %-age change of the stock price. I wonder whether it would make more sense to track the annual %-age change instead of the daily one.

  • Vince

    Hi Drizzt,

    Another question on AIMS. If their asset value drops, then how come their PTB decrease from 0.6 to 0.3? Shouldn’t it increase?

  • LIM

    Thanks for your effort, I do enjoy reading your articles. A few things to share with you:
    - SP Ausnet is giving out 8 cents AUD, which is about 10 cents SGD.
    - For Cityspring, the yield computation did not take into consideration the new right issue. According to the Right Issue document, the theoretical yield should be 8.4%.
    - You may want to include K-Green into your list of high dividend stocks.

  • Drizzt

    hi LIM, thanks for the contribution. I will wait for the rights issue to be completed for the new share size and dividend.

    K-Green is still on evaluation. although it is 7.4% yielding its ROIC is only around 3% FYI

  • Drizzt

    hi vince, wat there such a big change?

  • Drizzt

    my opinion of AIMS is that like Sabana and Cambridge, you get margin of safety buying them at a big discount to NAV. They are more risky due to shorter lease and industrial being impacted during recession. More likely a hold now.

    I will not change the dailiy % change as i want the users to see the price change daily. anyway, targeting price YTD is problematic for me.

  • Vince

    Thanks Drizzt for your reply. Btw, by “Mapletree Indo” you meant “Lippo Malls”?

  • Drizzt

    yes thats right

  • andrew tan

    hi there,
    i am new to all these dividends stuffs , jus to check how am i able to buy the stocks of any company , do i need the service of a broker , thanks
    andrew

  • Vince

    Hi Drizzt,

    Hooi Ling wrote an interesting article on Reits in today’s BT p.33. Hope that you can comment on it.

  • Drizzt

    already did Vince. but my take is that if u stayed with capitamall or capitacommercial and factoring the cash calls you still get a decent return. http://www.investmentmoats.com/money-management/reit/the-reit-myth-busted/

    don’t u agree?

  • Vince

    Hi Drizzt,

    The ball is now squarely in MAS’ court to act quickly to come up with a policy to correct this problem.

    There seems to be two issues here. One is Distribution vs Cash Calls, and the other is the stock price. Take for example Cambridge (CIT). There were two cash calls. One in Oct 2010, and the other in Mar 2011. The total Distribution up to the 2nd cash call for 1000 units is $249.51. The total cash call is $74.87. So there is a net gain of $174.65.

    The main loss comes from the stock price. CIT went to as high as $0.975 in Jun 2007 before falling to $0.20 in Dec 2008. It then recovered and hoovered at around $0.50. The two cash calls did not seem to affect the price as much as the Euro crisis in Aug & Oct of this year did. So the main loss does not seem to come from the cash calls, but rather the fact that it did not recover to its IPO price of $0.68.

    What are your thoughts on this?

  • Drizzt

    hi Vince, ultimately, part of the reason investors didn’t get a good deal with cambridge was that their assets actually is not cheap and thus not very accretive to shareholders. the financing issues during the crisis did play a part.

    now dun get me wrong i am not against cash calls. i would rather they finance everything by equity to be safe, but alot of the cash calls were done in desperate situations, which is one of the main problems.

  • Vince

    Hi Drizzt,

    You mentioned that you “would rather they finance everything by equity to be safe”. You mean like Lippo Malls recent rights? Would you say that that was a good one?

  • Drizzt

    financing everything using equity is considered safer because u can choose not to pay ur shareholders dividends. but that essentially is not an efficient use of capital and much so in our low interest rate environment. of course i do tend to value safety first so thats why i made taht comment.

    LMIR have always maintain a low debt level. its sister First REIT as well. The main reason i believe is due to the traditionally highly inflationary environment for indonesian based assets. As such interest may be on the high side and thus it is minimized.

  • SnOOpy168

    Drizzt – would you consider adding Saizen to the Dividends Trackers. Many thanks for the very useful charts.

  • Drizzt

    hi Sn00py168 i will consider it.

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  • leeleongsoo

    very informative

  • hafenz

    Hi there….I’m the new guy, new here that is, 71 years to the world. I am seeking something that MUST already exist albeit I can’t find it, it’s very simple, yet, very helpful to all dividend traders.

    I want a spreadsheet that is update on demand listing the stocks I currently hold and the # of shares, BUT WHICH COMES INTO THE SPREADSHEET ON DEMAND the most recent dividend or even an annualized dividend. The point is that I don’t want to MANUALLY add in my dividends, stock-by stock, for each of my various accounts at multiple online brokers.

    What I’m seeking is the development of a spreadsheet that allows me to keep track of my anualized dividend income, so I can confgure the spreadsheet, I’m just lookoing to be able to have the dividend values sucked into the spreadsheet from each of my accounts.

    I can come up with a bunch of reasons why this is difficult to accomplish, but I’m looking for the works of one genious who has made it happen.

    Bill
    St. Louis, MO USA

  • Drizzt

    hi hafenz!

    Unfortunately, that request is a bit hard for me to implement in my spreadsheet.

  • beat

    Hi Drizzt, great analysis provided in this website. Good job. i have 2 questions:
    1) Since dividends are paid out only at certain dates, how do you calculate dividend yield in your Dividend Stock Tracker? Do you base on the data(stock price & qty) at june? or at the time the dividend is issued?
    2) What are your views on the 3 telcos in 2012? I am too leaning towards Starhub, but do you feel that starhub is overpriced? e.g. Aug ’12, price starhub>singtel.

  • Drizzt

    hi beat,

    the dividends are based on the last few quarters or if the company is doing a rights issue, it will be based on the upcoming forecasted DPU. I think all telcos are not going to move much in terms of earnings. its difficult to find a growth engine. Singtel will face headwinds internationally. They might be vulnerable to larger than expected capex. it doesn’t matter starhub > singtel, their number of shares are different, singtel is a bigger monster than starhub and m1 ever is. i got a feeling there may be ramp up capex for 4G.

  • matthew

    Hi, Is there a record some where that I can see the history of dividend payout of a company? It would be great something like stock price in a chart form.

    Great blog site, I will follow from now on. :)

  • Drizzt

    hi mathew, you would have to go to the SGX site. unfortunately my website are not able to do that. would be great if it can

  • Lammy

    Why is it that there isn’t any Banking/Finance sectors of dividend stocks in your chart? i.e. DBS/ UOB/ Great Eastern etc?

  • Drizzt

    Hi Lammy, interesting because I wanted to put more but they aren’t usually consider your staple dividend stocks. I will make sure to consider adding it.

  • Ray

    currently im only invest on unit trust and new to all these dividends stuffs . two Q to ask – 1) how can I begin and where to start investing cash dividend? 2) do i need the service of a broker ? if yes any recommendation…?

  • allan

    HI Drizzt:

    Welcome
    ! I want to thank you for your sharing and your comments. Wow, it is
    a very good blog—investmentmoats.com. You have done such a great and
    amazing job. I learned a lot of investment concepts from your blog,
    Thanks again.

    Christmas is coming,

    Wish you have a merry christmas and happy new year!

    BR

    allan

    http://allanlin998.blogspot.tw/2013/12/drizzt-graham-and-dodd-pe-buy-and-hold.html

  • http://www.productiveorganizer.com/ Kyith

    Hi Allen, Thanks for visiting and sharing your blog here.

  • YS

    Hi Drizzit, Saizen in the Dividend Stock Tracker is not showing the prices. Is it because of the recent share consolidation and the counter ID is changed.

  • http://www.productiveorganizer.com/ Kyith

    Sorry about it. i amend the stock code. it was causing issue.