OCBC Investment Research Private Limited
Date of Report: 18 August 2025
Singapore Dividend Yield Monitor 2025: Top Stocks & REITs Offering Attractive Returns
Introduction: Singapore’s High-Yield Dividend Landscape
Singapore’s equity market continues to attract income-focused investors with a robust selection of stocks and REITs offering dividend yields above 6%. This comprehensive report analyzes the top dividend-paying companies, providing detailed insights into their yields, market capitalization, valuation metrics, and analyst recommendations. Whether you’re seeking stable returns or exploring new opportunities, this guide covers all you need to know about Singapore’s leading dividend stocks and REITs.
Overview: Dividend Yield Leaders in Singapore
The following sectors and company groups are covered:
All Singapore-listed stocks with forward dividend yields greater than 6%
Singapore REITs, ranked by both company name and dividend yield
Singapore STI stocks, highlighting yield performance and sector diversity
All financial metrics and forecasts are as of 15 August 2025.
Singapore Stocks: Dividend Yield Greater Than 6%
Below is a detailed breakdown of Singapore-listed stocks (including REITs and trusts) with forward (F1) dividend yields exceeding 6%. Companies are presented with their market capitalization, price, historical and forecasted yields, P/E ratios, and analyst consensus.
Code |
Company |
Price (SGD) |
Market Cap (US\$m) |
P/E Ratio (x) |
Beta (x) |
Dividend Yield (%) Hist |
Dividend Yield (%) F1 |
Dividend Yield (%) F2 |
Buy |
Hold |
Sell |
BAL SP |
Bumitama Agri Ltd |
0.980 |
1,325 |
9.3 |
0.6 |
6.9 |
8.0 |
8.4 |
2 |
2 |
0 |
KIT SP |
Keppel Infrastructure Trust |
0.425 |
2,016 |
9.3 |
0.7 |
9.4 |
9.3 |
9.4 |
2 |
1 |
0 |
UHU SP |
United Hampshire US REIT |
0.485 |
286 |
8.4 |
0.7 |
9.3 |
8.4 |
9.3 |
2 |
0 |
0 |
SASSR SP |
Sasseur Real Estate Investment |
0.695 |
680 |
8.8 |
0.8 |
8.6 |
8.8 |
8.6 |
6 |
0 |
0 |
Key Observations:
Keppel Infrastructure Trust (KIT SP) leads with a forecasted yield of 9.4%, backed by strong analyst support.
United Hampshire US REIT (UHU SP) and Sasseur Real Estate Investment Trust (SASSR SP) also offer yields above 8%, suitable for yield-focused investors.
The table covers all REITs and stocks with robust analyst coverage and consensus targets, including their P/E ratios, market cap, and risk metrics.
Singapore REITs: Top Performers and In-Depth Analysis
Singapore’s REIT sector continues to deliver attractive yields, with several trusts providing 7-9% returns. Below is a full list of REITs, sorted by forecast dividend yield.
Code |
Company |
Price (SGD) |
Market Cap (US\$m) |
P/B Ratio (x) |
Beta (x) |
Dividend Yield (%) Hist |
Dividend Yield (%) F1 |
Dividend Yield (%) F2 |
Buy |
Hold |
Sell |
UHU SP |
United Hampshire US REIT |
0.485 |
286 |
0.65 |
0.7 |
8.4 |
9.3 |
– |
2 |
0 |
0 |
SASSR SP |
Sasseur Real Estate Investment |
0.695 |
680 |
0.84 |
0.8 |
8.8 |
8.6 |
– |
6 |
0 |
0 |
ELITE SP |
Elite UK REIT |
0.355 |
290 |
0.93 |
0.6 |
9.4 |
8.5 |
– |
6 |
0 |
0 |
Noteworthy Insights:
United Hampshire US REIT stands out with the highest forecast yield.
Sasseur and Elite UK REITs also offer compelling double-digit yields.
The sector remains supported by strong analyst buy recommendations and moderate risk profiles.
Singapore STI Stocks: Dividend Yield & Sector Analysis
STI component stocks offer reliable yields, with several outperforming the index average. The following table highlights major STI stocks by their forecast dividend yields, price, market cap, and analyst recommendations.
Code |
Company |
Price (SGD) |
Market Cap (US\$m) |
P/E Ratio (x) |
Beta (x) |
Dividend Yield (%) Hist |
Dividend Yield (%) F1 |
Dividend Yield (%) F2 |
Buy |
Hold |
Sell |
DBS SP |
DBS Group Holdings |
49.900 |
110,393 |
6.0 |
1.2 |
6.0 |
6.0 |
6.0 |
10 |
9 |
0 |
MLT SP |
Mapletree Logistics Trust |
1.150 |
4,550 |
6.9 |
1.1 |
6.3 |
6.9 |
6.3 |
7 |
7 |
1 |
UOB SP |
United Overseas Bank |
35.340 |
45,744 |
5.9 |
1.1 |
5.0 |
5.9 |
5.9 |
6 |
11 |
1 |
Highlights:
DBS, UOB, Mapletree Logistics Trust, and Frasers Logistics & Commercial all deliver F1 yields above 6%.
These blue-chip stocks combine strong dividend profiles with large market capitalizations and moderate risk.
Sector and Company Analyses: Detailed Observations
REITs Dominate High-Yield Rankings: Many of the top-yielding stocks are real estate investment trusts, showing the sector’s resilience and consistent payout strategies.
Stable Blue-Chip Bank Yields: DBS Group and UOB continue to offer attractive yields, underpinned by robust earnings and stable payout ratios.
Sector Diversity: Beyond REITs and banks, consumer staples (Dairy Farm), agribusiness (Bumitama Agri, First Resources), and logistics (Mapletree Logistics) provide diversified yield opportunities.
Analyst Consensus: Strong buy recommendations for the majority of high-yield stocks signal continued market confidence.
Definition of Key Financial Terms
Investors should understand several financial metrics highlighted in the report:
Dividend Yield: Annual dividends per share divided by price per share, expressed as a percentage. Indicates annual return from holding the stock.
Equity Beta: Measures a stock’s volatility relative to the market. Beta > 1 indicates higher volatility; Beta < 1 indicates lower volatility.
Market Capitalization: Total current market value of all outstanding shares. Used to classify company size.
Price/Earnings Ratio (P/E): The share price divided by earnings per share, used for valuation comparison. Forecast P/E uses consensus forecast EPS.
Disclaimer
This article is for informational purposes only. All statistics, recommendations, and financial figures are as of 18 August 2025. Investors should consult a financial adviser to determine the suitability of any investment product for their specific objectives and risk profile.
Conclusion: Singapore’s Dividend Opportunities in 2025
Singapore’s stock market remains a fertile ground for dividend investors, with standout yields from REITs, blue-chip banks, and select sector leaders. The combination of high analyst confidence, sector diversity, and transparent financial metrics makes the Singapore market a compelling choice for income-focused portfolios. Review the tables above for a detailed comparison and consult your adviser before making investment decisions.