Singapore’s Top Dividend Stocks for 2025: If you’re looking to earn consistent passive income while investing in one of Asia’s most stable economies, Singapore’s top dividend stocks in 2025 deserve your attention. Companies like DBS Group Holdings, OCBC Bank, and Singapore Airlines (SIA) are leading the pack with solid financials and shareholder-friendly policies.
In this article, we’ll break down the best dividend-paying stocks in Singapore this year, explain why they’re worth considering, and show you how to evaluate dividend stocks using practical metrics. Whether you’re new to investing or a seasoned professional, this guide offers value for all.
Singapore’s Top Dividend Stocks for 2025
| Company | Ticker | Sector | Dividend Yield (2024) | Notable Insights |
|---|---|---|---|---|
| DBS Group Holdings | D05.SI | Financial Services | 5.4% | Record S$11.4B net profit, share buyback of S$3B, S$2.22 dividend payout Source |
| OCBC Bank | O39.SI | Financial Services | 6.3% (incl. special) | S$2.5B capital return plan, 10% dividend increase, strong earnings Source |
| Singapore Airlines | C6L.SI | Aviation | 6.93% | Post-COVID recovery, strong load factors, special dividend payout Source |
Singapore continues to shine as a haven for dividend investors, and 2025 is no different. DBS, OCBC, and Singapore Airlines stand out with robust yields, healthy balance sheets, and management teams focused on shareholder value.
When choosing dividend stocks, always look beyond the yield. Focus on sustainability, cash flow, and a company’s overall financial health. Done right, dividend investing in Singapore can provide reliable income and long-term growth.
Why Focus on Dividend Stocks in Singapore?
Singapore is a regional financial hub known for its strong governance, economic stability, and business-friendly tax environment. Many of its leading corporations pay out a significant portion of earnings as dividends, making them attractive to income-seeking investors.
Key advantages of Singapore dividend stocks:
- No dividend tax for individual investors.
- Stable blue-chip companies with a track record of performance.
- Exposure to fast-growing ASEAN economies through Singapore-based firms.
Dividend stocks are particularly valuable in times of economic uncertainty, as they provide regular income regardless of market volatility. Let’s explore the most promising companies.
Top Dividend Stocks in Singapore for 2025
DBS Group Holdings Ltd (SGX: D05)
- Dividend Yield: 5.4%
- 2024 Dividend: S$2.22 per share
- Share Buyback: S$3 billion
- Net Profit: S$11.4 billion in 2024
DBS, Southeast Asia’s largest bank by assets, continues to impress investors. With a net profit of S$11.4 billion in FY2024, DBS announced a 27% increase in its dividend payout and initiated a S$3 billion share buyback program.
Their dividend strategy is sustainable, thanks to healthy loan growth, strong net interest margins, and tight cost controls.
OCBC Bank (SGX: O39)
- Dividend Yield: 6.3% (includes special dividend)
- Capital Return Plan: S$2.5 billion
- Q4 2024 Net Profit: S$1.69 billion
OCBC posted solid Q4 results with a 10% increase in full-year dividend and a substantial capital return plan. They’ve focused on growing non-interest income streams such as wealth management and insurance (through Great Eastern Holdings).
This diversification helps stabilize profits, making their dividend strategy both generous and dependable.
Singapore Airlines (SGX: C6L)
- Dividend Yield: 6.93%
- Highlights: Strong post-COVID demand, increased flight capacity, record load factors
Singapore Airlines (SIA) has rebounded sharply after the pandemic. Increased travel demand, strategic partnerships, and cost discipline have restored profitability.
In 2024, SIA rewarded investors with an attractive dividend and may continue doing so as international passenger volume returns to pre-pandemic levels.
Choose the Best Dividend Stocks
Not all high-yield stocks are good investments. Here are key factors to evaluate when picking dividend stocks:
1. Dividend Yield
Yield = (Annual Dividend / Share Price) x 100%
A high yield can indicate value, but it must be sustainable. Stocks with unusually high yields might reflect underlying risk.
2. Payout Ratio
Payout Ratio = (Dividends Paid / Net Earnings)
A payout ratio under 70% is generally considered sustainable. A company paying out too much might struggle to maintain it during downturns.
3. Free Cash Flow (FCF)
Look for companies with strong free cash flow. This is a better indicator than net profit for gauging dividend sustainability.
4. Track Record
Companies that have consistently paid or increased dividends over 5–10 years show strong governance and financial resilience.
5. Business Model & Sector
Banks and utilities often offer reliable dividends. Cyclical sectors like airlines may fluctuate.
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Bonus Mentions: Other Dividend Stocks to Watch
- SATS Ltd (SGX: S58) – Dividend yield of 4.1%; rebound in airport catering and ground handling.
- Keppel Corporation (SGX: BN4) – 4.6% yield; diversified across real estate, energy, and infrastructure.
- Mapletree Industrial Trust (SGX: ME8U) – Yield of 5.8%; strong asset base in data centres and logistics parks.
These companies may not offer the highest yield, but they provide diversification and long-term value.
FAQs On Singapore’s Top Dividend Stocks for 2025
Q1: Are dividends from Singapore stocks taxed?
A: No. For individual investors, dividends from Singapore-listed companies are tax-exempt.
Q2: How often are dividends paid?
A: Most Singapore companies pay semi-annually or quarterly. Always check the payout schedule on SGX.
Q3: Can foreign investors buy Singapore dividend stocks?
A: Yes. Singapore’s stock exchange (SGX) is open to international investors with few restrictions.
Q4: Should I reinvest or take cash dividends?
A: Reinvestment can enhance compounding returns. However, cash dividends provide immediate income. Choose based on your financial goals.
Q5: Where can I track dividend announcements?
A: Visit SGX.com or use platforms like Yahoo Finance or InvestingNote.
