Exploring Best Dividend Stocks in Singapore [2025 Guide]

In the heart of Singapore's vibrant financial scene, dividend stocks remain a reliable cornerstone for investors seeking both passive income and financial growth. The year 2025 presents fresh opportunities, especially as companies continue to prioritize stable dividend payouts despite economic headwinds and elevated interest rates.

Notably, the Singaporean government has introduced a 20% corporate income tax rebate for new primary listings and established a S$5 billion ($3.7 billion) investment program to invigorate the stock market. These initiatives aim to counter the lack of major listings and decreased trading liquidity, potentially enhancing the attractiveness of dividend stocks.

Understanding the intricacies of dividend investing is crucial, from selecting the highest-yielding stocks to navigating the market's fluctuations. Here, we'll dissect the key players across various sectors, providing a streamlined analysis that equips you with the knowledge to enhance your portfolio's resilience and profitability. With economic growth stabilizing—evidenced by Singapore's 4.4% GDP expansion in 2024—and interest rates expected to remain elevated, dividend-paying companies with strong fundamentals stand out as resilient investment options.

The Ministry of Trade and Industry (MTI) has maintained the GDP growth forecast for 2025 at 1.0% to 3.0%, reflecting cautious optimism amid global uncertainties. Embark on this journey to financial wisdom, where dividends are not just a strategy but a pathway to achieving fiscal stability and success.

Below is a snapshot of companies that have gone beyond their regular dividends by issuing bonus dividends or special capital returns:

Source: dividends.sg and Yahoo Finance

*Data from Yahoo Finance as of 7 Nov 2025

These Singapore listed companies continue to deliver strong shareholder returns in 2025, with several market leaders announcing bonus or special dividends alongside their regular payouts. These additional distributions often signal robust earnings, healthy balance sheets, and management confidence in long-term growth prospects.

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While some dividend stocks may offer higher yields, they often come with greater price volatility or concentration risk. StashAway Income Investing is built to deliver consistent, risk-adjusted returns through professional management and diversification so your income potential stays steady even when markets fluctuate.

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* The historical payout is as of 31 Jul 2025. 

How to pick the best dividend stocks

Selecting the best dividend stocks is a nuanced process that involves more than just eyeing the highest yields. It's about understanding and evaluating a set of key financial indicators and market trends that point towards a company's ability to maintain and potentially increase its dividend payouts over time.

Here's a streamlined guide to help you navigate through the process of picking the most promising dividend stocks in Singapore.

Understanding key metrics

• Dividend Yield: This is the dividend per share divided by the stock's price per share, expressed as a percentage. While a high yield is attractive, it's essential to balance this with the company's ability to sustain such payouts in the long term. Look for stocks with a solid history of dividend growth, which often indicates stable profitability and a commitment to returning value to shareholders.
• Payout Ratio: This metric shows the proportion of earnings paid out as dividends to shareholders. A lower payout ratio may suggest that a company has ample room to grow its dividends. However, it's also crucial to consider the company's debt-to-equity ratio; a lower figure here indicates financial health and a sustainable dividend policy.
• Share Price Performance: Over the past 12 months, the stock's price performance can give insights into the company's current market standing and growth potential. Alongside, analyzing long-term profitability and debt levels helps assess the firm's viability and stability.

Dividend investing challenges

It's crucial to remember that dividends are not guaranteed; a company's financial health can change, impacting its ability to distribute dividends. High yields can be enticing, but they require a deeper dive into the company's fundamentals to ensure consistency. The pandemic has shown that even strong companies can face unprecedented challenges that affect dividend payouts.

Strategic selection tips

• Historical Dividend Performance: Prioritise companies with a history of maintaining or increasing dividends. This consistency is a positive sign of financial health and shareholder value.
• Financial Health: Utilise financial data platforms to review essential metrics like long-term profitability and the debt-to-equity ratio. A strong financial foundation is key to sustainable dividend payments.
• Dividend Dates and Yield: Familiarise yourself with the ex-dividend date to ensure eligibility for dividends and consider the dividend yield for its current attractiveness.
• Economic and Industry Trends: Economic resilience and growth potential in a company's industry are vital. Consider broader economic conditions, government policies, and sector-specific trends to make informed choices.

By weaving together these insights, investors can better position themselves to select dividend stocks that not only offer attractive yields but also stand on a solid foundation of financial health and industry strength. Diving deep into these aspects will equip you with the tools to build a resilient and profitable dividend investment portfolio in Singapore.

Best dividend stocks in Singapore in 2025

When exploring the best dividend stocks in Singapore for 2025, it's essential to consider a variety of factors such as dividend yield, company performance, and industry trends.

Source: dividends.sg and Yahoo Finance

*Data from Yahoo Finance as of 10 Nov 2025

DBS Group Holdings Ltd. (D05)

DBS Group Holdings Ltd. is a premier multinational banking and financial services corporation based in Singapore, serving as a cornerstone in the financial landscape of Southeast Asia. Known for its forward-thinking approach and emphasis on innovation, DBS continues to lead digital transformation efforts, enhancing banking services across the region.

DBS Bank posted steady profit growth in Q2 2025, with net profit increasing by about 1% year-on-year to $2.82 billion SGD. For the first half of 2025, the bank’s net profit held steady at $5.72 billion SGD, reflecting resilient performance amid market volatility. DBS also declared an ordinary dividend of $0.60 SGD per share and a capital return of $0.15 SGD per share for Q2 2025, bringing the total payout to $0.75 SGD, which is a 39% increase compared to the $0.54 distributed a year earlier. This reflects DBS's commitment to delivering higher dividend yields and consistent returns to its investors

United Overseas Bank Ltd (U11.SI)

United Overseas Bank Ltd (UOB) stands as a testament to enduring strength and stability in Singapore's banking sector. With an extensive network spanning across Asia, UOB has played a pivotal role in supporting regional businesses and economies. In 2024, UOB reported a record net profit of S$6 billion, a 6% increase from the previous year, driven by strong growth in fee, trading, and investment income.

The bank declared a final dividend of 92 cents per share for 2024, up from 85 cents in 2023, bringing the total annual dividend to S$1.80 per share. Additionally, UOB announced a S$3 billion capital return package, including a special dividend of 50 cents per share and a S$2 billion share buyback program, reflecting its robust financial position and commitment to enhancing shareholder value.

OCBC (O39.SI)

Oversea-Chinese Banking Corporation (OCBC) stands as a pillar in Singapore's banking sector, with a robust presence extending into key Asian markets like China, Indonesia, and Malaysia. The bank's strategy, deeply rooted in sustainability and innovation, has propelled its expansion and solidified its market position. 

With a notable financial performance, including achieving S$7.02 billion in profits in 2023, OCBC has demonstrated its financial resilience and commitment to growth. The bank's focus on digital transformation is set to enhance customer experience and operational efficiency further. This approach, backed by strong financial fundamentals, makes OCBC a compelling prospect for investors looking for growth and reliability in their investment portfolio.

Singapore Telecommunications Limited (Singtel) (Z74.SI)

Singapore Telecommunications Limited (Singtel) remains a leader in the Asia-Pacific telecommunications sector, leveraging its diversified portfolio across mobile, internet, and digital services. For FY2025, Singtel reported an underlying net profit of $2.5 billion SGD, a 9% increase, driven by robust performance from Optus, NCS, and its regional associates, Airtel and AIS. Reflecting its improved financial performance, the company declared a total dividend of S$0.10 per share, which includes an ordinary dividend of S$0.067 and a value realisation dividend of S$0.033. 

Singtel’s Singtel28 strategy, launched in 2024, focuses on advancing digital infrastructure and services, including 5G expansion, AI-driven solutions, and cloud platforms. The company also secured a S$643 million green loan for a sustainable data center in Tuas, set for completion by 2026, underscoring its commitment to innovation and sustainability.

Singapore Exchange Limited (SGX) (S68.SI)

The Singapore Exchange Limited (SGX) continues to play a pivotal role in Asia’s financial markets, providing a comprehensive platform for multi-asset trading, clearing, and settlement services.

For FY2025, SGX reported earnings of S$648 million, marking an increase from S$598 million in FY2024, driven by higher trading volumes and diversified revenue streams. The exchange also proposed a final quarterly dividend of 10.5 cents per share, up 1.5 cents from last year’s payout and 16.7% higher year-on-year. This brings SGX’s total FY2025 dividend to 37.5 cents per share, reinforcing its track record of stable and growing shareholder returns

Despite a decline in listed companies, SGX saw its highest-ever half-year profit in early 2025, driven by strong cash equity and derivatives performance. It remains optimistic about a stronger IPO pipeline and market revitalization efforts led by the Monetary Authority of Singapore.

CapitaLand Investment Limited (9CI.SI)

CapitaLand Investment Limited stands out as one of Asia's leading real estate conglomerates, with its headquarters in Singapore. The company boasts an impressive and diverse global portfolio, encompassing a variety of sectors including residential, commercial, business parks, industrial, and logistics properties. Central to CapitaLand's growth strategy is its focus on asset recycling and management, aimed at creating value across its vast portfolio. 

CapitaLand Investment (CLI) posted a 7% year-on-year rise in total revenue, reaching S$1.57 billion for the nine months ended 30 September 2025, as highlighted in its 3QFY2025 business update. CapitaLand’s dedication to innovation and sustainability, paired with its expansive footprint in burgeoning markets, positions it as an attractive investment option for those seeking exposure to the real estate sector, promising both reliability and growth.

Keppel Corporation Limited (BN4.SI)

Keppel Corporation Limited, a diversified global asset manager and operator, has demonstrated resilience through its operations in infrastructure, real estate, and connectivity. Keppel delivered a steady performance in 1H2025, supported by stronger profitability and growth in recurring income. While revenue dipped 5% year-on-year (YoY) to S$3.06 billion, net profit rose 24% YoY to S$378 million, reflecting improved margins and operational efficiency. A key highlight was the 7.2% YoY increase in recurring income (excluding non-core assets held for divestment) to S$444 million, underscoring Keppel’s resilient business model and focus on stable earnings.

On 7 August 2025, Keppel Corporation announced that it had secured an additional S$2.3 billion from institutional investors to fund new investments in data centres, education assets, and sustainable urban renewal projects. The company’s urban development portfolio spans key markets including China, South Korea, Vietnam, and Singapore, and features a diverse mix of residential and commercial properties. This broad footprint provides a strong, long-term development pipeline and supports Keppel’s strategy of building recurring income through sustainable infrastructure and real asset investments.

ST Engineering (S63.SI)

ST Engineering, a global leader in technology, defense, and engineering, continues to demonstrate robust growth and innovation. For 1H 2025, the company reported revenue of $5.92 billion SGD, up 7% year-on-year, supported by robust demand across its Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom segments. Net profit rose 20% year-on-year to $403 million SGD, reflecting improved operational efficiency and resilient margins. ST Engineering also maintained its commitment to shareholder returns with an interim dividend of 4 cents per share.

In Q3 2025, the group secured S$4.9 billion in new contracts, including S$1.4 billion in Commercial Aerospace, S$2.4 billion in Defence & Public Security, and S$1.1 billion in Urban Solutions & Satcom. These new deals bring total contract wins for the first nine months of 2025 to approximately S$14 billion, further strengthening its order book and recurring income base.

Great Eastern (G07.SI)

Great Eastern Holdings Ltd., Singapore's leading life insurer and a subsidiary of OCBC Bank, has been a trusted provider of insurance and financial solutions for over a century. In the third quarter ended September 2025, the group posted a net profit of $372 million SGD, an increase of 36% from $273.4 million SGD a year earlier, driven by robust investment returns from its shareholders’-fund segment and steady growth in its insurance operations.

Separately, its New Business Embedded Value (NBEV) for the quarter rose by 17% year-on-year to $182.2 million SGD from $156.1 million SGD, with Singapore market NBEV expanding to S$102 million from S$61.6 million on an improved product mix. 

On the strategic front, GEH continues to invest in digital capabilities, data-driven advisory platforms and tailored protection and wealth-accumulation propositions, all designed to reinforce its position amid evolving market and demographic trends.

Haw Par (H02.SI)

Haw Par Corporation Ltd., the esteemed company behind the iconic Tiger Balm, reported an 18.2% year-on-year increase in net profit to $144.1 million SGD for the first half of 2025, up from $122 million SGD a year earlier. The growth was driven by a 7% rise in revenue to $126.3 SGD million, supported by steady global demand for its healthcare products, and a 20.3% increase in other income from its strategic investment portfolio.

Haw Par operates across diverse sectors, including healthcare, where it produces and markets the globally recognised Tiger Balm and Kwan Loong analgesic products. Additionally, the company has interests in leisure, offering family and tourist-oriented leisure options such as oceanariums. 

It also owns and manages a portfolio of investment properties across Asia, further diversifying its income sources. Beyond real estate and consumer healthcare products, Haw Par engages in strategic investment activities, holding both quoted and unquoted securities across the Asia region. This multifaceted operational approach underscores Haw Par's dynamic business strategy and its ability to generate stable revenue streams across various sectors, positioning it for continued growth and success.

Deciding best dividend stocks based on past performance (Trailing annual dividend yield)

Source: SGX, dividends.sg, and Yahoo Finance

*Data from Yahoo Finance as of 10 November 2025

How to invest in dividend stocks in Singapore

Here's a comprehensive guide on how to embark on this investment journey:

• Select a Broker: Your first step is to choose a reputable brokerage firm. Look for brokers that offer competitive fees, user-friendly trading platforms, and access to a broad array of dividend stocks listed on the Singapore Exchange (SGX). Read our best online brokerage comprehensive guide to find out more.
• Open and Fund your Account: Two key components in this process are setting up a brokerage account and a Central Depository (CDP) account. But of course, you can also opt for a custodian account in which you don’t need to apply for a CDP account.
• Research Companies: Before diving into stock purchases, take the time to research potential companies. Look into their financial health, market position, and prospects for growth. Utilizing both technical and fundamental analysis from Morningstar and Yahoo Finance can provide a comprehensive view of a stock's potential. Assessing factors like market cap, price movements, revenue, profit, dividend yield, and the company's track record of dividend payments can also offer insights into the sustainability of its dividends.
• Select and Buy Stocks: With your research in hand, select the stocks that meet your investment criteria. Consider the financial stability of the companies, their dividend history, and how they fit into current industry trends. When you're ready to buy, place your orders through your brokerage platform, specifying the stock symbol, the number of shares you wish to purchase, and the type of order you're placing (e.g., market or limit order).
• Timing and Averaging: Effective timing can enhance your investment returns. Stay informed about market trends to identify opportune moments to buy. Additionally, consider employing a dollar-cost averaging strategy by investing a fixed amount regularly. This approach helps mitigate the impact of volatility, potentially smoothing out your investment returns over time.

Investing in dividend stocks requires a mix of strategic planning, ongoing research, and continuous monitoring of your investments and the broader market. By following these steps and staying committed to your investment goals, you can build a robust dividend stock portfolio that provides both income and growth potential.

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* The historical payout is as of 31 Jul 2025.