SGX Market Updates

10 Biggest Singapore Stocks Paying Quarterly Dividends


PUBLISHED ON |

29 April 2019

  • DBS has reported a 9% YoY rise in 1QFY19 net profit to S$1.65 billion and dividend of 30 cents per share. Its Board has decided that, from FY19, dividends will be paid quarterly, rather than semi-annually providing shareholders with more regular income streams.

  • Singapore’s 10 largest capitalised stocks that are distributing dividends on a quarterly basis now have a combined market capitalisation of S$118 billion and span the Financial and Real Estate Sectors with average indicative dividend yields of 5%. 

  • These 10 stocks, now distributing dividends every quarter, have beat the local benchmark every year since 2015. The 10 stocks have averaged annualised returns of 11% over the past five years, ranging from 6% for Keppel REIT to 18% for MNACT.




This morning DBS Group Holdings reported a 9% rise in its 1QFY19 net profit to S$1.65 billion and dividends of 30 cents per share. This brings the indicative dividend yield of DBS to 4.4% (S$27.41/[S$0.30x4]) or 4.3% based on the share price at the time of writing.

The Board of DBS Group Holdings has also decided that, from FY19, dividends will be paid quarterly, rather than semi-annually, providing shareholders with more regular income streams.

With the inclusion of DBS as one of Singapore’s 10 largest capitalised stocks that are distributing dividends on a quarterly basis, the 10 stocks total a combined market capitalisation of S$118 billion. The 10 stocks span the Financial Sector and Real Estate Sectors with average indicative dividend yields of 5%. The 10 stocks have averaged annualised returns of 11% over the past 5 years, ranging from 5.9% for Keppel REIT to 17.5% for Mapletree North Asia Commercial Trust.

As detailed in the chart and table below:

  • On average, the 10 stocks, now distributing dividends every quarter, have beat the FTSE ST All-Share Index benchmark every year since 2015. 
  • Over the four time periods in the table, there were only five instances when the 10 stocks generated a decline in total return, with four of those occasions in 2018. Note that total returns assume dividends are reinvested into the stock. 
  • All the five stocks of the STI Reserve List are included among the 10 stocks. For more on the STI Reserve List click here.

Total Returns (%) Of 10 Largest Dividend Stocks



10 largest capitalised stocks that are distributing dividends on a quarterly basis

Name SGX
Code
Market Cap
S$Bn
Index Total
Return
2016
%
Total
Return
2017
%
Total
Return
2018
%
Total
Return
2019 YTD
%
DBS GROUP HOLDINGS D05 70.1 STI 8.1 47.7 1.2 15.7
CAPITALAND MALL TRUST C38U 8.8 STI 3.0 19.5 12.7 6.0
SINGAPORE EXCHANGE S68 7.9 STI -3.4 7.9 0.4 4.5
MAPLETREE COMMERCIAL TRUST N2IU 5.5 STI Reserve List 14.9 23.0 7.6 17.3
MAPLETREE LOGISTICS TRUST M44U 5.4 STI Reserve List 10.8 38.7 1.5 19.2
SUNTEC REIT T82U 4.9 STI Reserve List 13.2 37.6 -12.8 4.8
MAPLETREE NORTH ASIA COMMERCIAL TRUST RW0U 4.3 STI Reserve List 11.7 38.3 -1.1 21.2
MAPLETREE INDUSTRIAL TRUST ME8U 4.2 FTSE ST Mid Cap Index 15.8 32.2 -0.7 12.0
KEPPEL REIT K71U 4.2 STI Reserve List 17.0 30.1 -5.2 10.4
SPH REIT SK6U 2.7 FTSE ST Mid Cap Index 5.4 16.8 0.6 6.8
Average       9.7 29.2 0.4 11.8
FTSE ST All-Share Index       5.5 21.8 -6.9 10.1

Source: SGX StockFacts, Thomson Reuters, Bloomberg (Data as of 26 April 2019).



The 10 stocks tabled above include 2 companies (DBS & SGX) and 8 REITs.

The median Return on Equity (“RoE”) of the above 10 stocks is currently 10.4% which is comparative to the five year median RoE of 10.8%. Nine of the 10 stocks base assets or report revenues to Singapore, with a number of these stocks also reporting revenue from, or basing assets, in international markets. One of the 10 stocks, Mapletree North Asia Commercial Trust exclusively invests in international markets. 







This article is provided by SGX My Gateway.



SGX My Gateway

SGX's investor education portal with market, product and investment information and events. Sign up now at sgx.com/mygateway to receive our investment updates and economic calendar.

This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from www.sgx.com. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the SGX Group Companies) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.












Stock / REIT Search

Advertisement

Advertisement