3 Singapore Dividend Stocks Still Offering Yields Close to 4.5% (or More)

The Smart Investor04-24 11:30

Yield is a siren song that often leads income investors onto the rocks. It is easy to get swept up in a high percentage, but a payout is only as sturdy as the business engine powering it. But a 5% ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Singapore Dividend Stocks Still Offering Yields Close to 4.5% (or More)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-24 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-still-offering-yields-close-to-4-5-or-more/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yield is a siren song that often leads income investors onto the rocks. \n\nIt is easy to get swept up in a high percentage, but a payout is only as sturdy as the business engine powering it.\n\nBut a 5% ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-still-offering-yields-close-to-4-5-or-more/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-still-offering-yields-close-to-4-5-or-more/","article_id":"2629896274","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2025/04/Great-Western-House-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/3-singapore-dividend-stocks-still-offering-yields-close-to-4-5-or-more/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629896274","pubTimestamp":1777001400,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"A 5% yield looks the same on a screener whether it’s funded by recurring free cash flow, a long-dated lease book, or a project windfall that is already ending.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6512":"房地产股","BK6054":"综合支持服务","BK6136":"旅客陆运","MXNU.SI":"EliteUKREIT GBP","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","WJP.SI":"维康","BK6519":"运输股","BK6520":"工商业服务概念","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6046":"人力资源与就业服务","C52.SI":"康福德高企业","CHZ.SI":"和乐集团有限公司","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK6132":"办公室房地产信托","BK6101":"陆运","BK6099":"办公房地产投资信托","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD"},"translate_title":"3只新加坡股息股票的收益率仍接近4.5%（或更高）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C52.SI":1,"MXNU.SI":1,"CHZ.SI":1,"WJP.SI":1},"content_text":"Yield is a siren song that often leads income investors onto the rocks. \n\nIt is easy to get swept up in a high percentage, but a payout is only as sturdy as the business engine powering it.\n\nBut a 5% yield looks identical on a screener whether it’s backed by recurring free cash flow, a freshly re-contracted rental book, or a project windfall that is already winding down.\n\nThe gap only reveals itself in the dividend statements that land a year or two later.\n\nWith that lens in mind, here are three SGX-listed names whose trailing yields have hovered near — or well above — 5%, and a look at what is actually paying for each payout.\n\nHRnetGroup Limited (SGX: CHZ)\nOne of Asia’s largest recruitment and staffing specialists, HRnetGroup operates across 18 cities under brands including HRnetOne, PeopleSearch and RecruitFirst. \n\nThe business runs on two engines: Flexible Staffing, which contributed 89.7% of FY2025 revenue through contract and temporary workers; and Professional Recruitment, which accounted for just 9.6% of revenue but 45.2% of gross profit through permanent placements and executive search.\n\nFor the full year ended 31 December 2025, revenue rose 3.0% year on year (YoY) to S$584.0 million, supported by a growing pool of contractors and permanent placements. \n\nNet profit climbed 15.0% to S$51.2 million, though that lift was flattered by a S$6.9 million jump in other income from fair value gains on financial assets and gold. \n\nThe cleaner read is free cash flow, which grew 5.3% to S$52.0 million and comfortably covered the payout.\n\nWith S$262.9 million in cash and zero debt, the balance sheet remains pristine. \n\nFY2025 total dividend rose to S$0.042, offering a trailing yield of 5.6% at a share price of S$0.75 – a robust “money snowball” for disciplined income seekers.\n\nElite UK REIT (SGX: MXNU)\nElite UK REIT owns 148 predominantly freehold commercial properties across the United Kingdom, anchored by the Department for Work and Pensions (DWP), which accounts for 92.3% of rental income. \n\nThe standout development in FY2025 was a landmark lease regear with the DWP, securing £24.3 million in annual rent and extending the portfolio weighted average lease expiry (WALE) to a much more stable 7.2 years.\n\nWhile revenue edged up 1.3% YoY to £38.0 million, net property income (NPI) dipped 3.7% to £36.0 million on lower dilapidation settlements and asset repositioning costs. \n\nDistribution per unit (DPU) rose 5.6% to £0.0303, though the uplift was bolstered by interest savings and tax benefits rather than direct rental growth. \n\nNonetheless, occupancy remains high at 98.6% with net gearing at 40.7% and borrowing costs down to 4.7%. \n\nAs the REIT trades and distributes in sterling, Singapore-based investors should also factor in GBP/SGD movements when assessing the effective yield.\n\nVICOM Ltd (SGX: WJP)\nAll vehicle owners will be familiar with VICOM, Singapore’s dominant vehicle inspection operator with close to 73% market share. \n\nThis subsidiary of ComfortDelGro Corporation (SGX: C52) appeared to have a blockbuster year.\n\n\nRevenue in FY2025 surged 40.1% YoY to S$167.4 million and dividends stepped up to S$0.084 – a 44.8% increase.\n\nHowever, investors must look more closely at the engine powering these results.\n\nThe headline growth was driven by the one-off On-Board Unit (OBU) installation project, which is now substantially complete. \n\nConsequently, free cash flow actually fell 16.8% YoY to S$19.2 million due to heavy capex of S$39.0 million. \n\nWhile the balance sheet is pristine with S$57.9 million in cash and zero debt, management expects testing demand to soften in FY2026 as that tailwind fades.\n\nWith the share price recently rallying, the focus shifts to whether the current yield is sustainable. \n\nThe upcoming integrated testing hub at Jalan Papan will be key to watch, as it should normalise capex, thereby supporting cash flow. \n\nGet Smart: Look past the headline yield\nThe calls of high yield can be tempting, but as we’ve seen, not all 5% payouts are created equal.\n\nHRnetGroup’s dividend is backed by consistent free cash flow and a fortress balance sheet, while Elite UK REIT relies on a freshly re-contracted government lease book. \n\nMeanwhile, VICOM’s recent bumper dividend serves as a reminder that project windfalls can eventually wind down.\n\nFree cash flow remains the lifeblood of any sustainable dividends. \n\nWhen sizing up your next investment, don’t just look at the headline figure. \n\nIt is not how high that number is, but what is paying for it.\n\nMarkets are volatile again. Oil prices are rising and tech stocks are swinging.\n\nWhat matters now is not predicting what comes next, but knowing how to act.In this webinar, our Co-Founders, Chin Hui Leong and Joanna Sng, share a clear, three-layer framework for navigating uncertainty. Register your spot here.\n\nWhat if you could collect a steady income from Singapore companies for decades to come? We found one in a near-duopoly with 70%+ market share that’s practically printing money. Our FREE small-cap report uncovers this “hidden monopoly” advantage (plus 4 other dividend powerhouses) that will keep paying no matter what the market does. Click here to grab your copy now.\n\nFollow us on Facebook, Instagram and Telegram for the latest investing news and analyses! \n\nDisclosure: Calvina L. does not own any of the stocks mentioned. Chin Hui Leong contributed to the article and owns shares of HRnetGroup and VICOM.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629896274","isCrawlerRequest":true}