Broker: OCBC Investment Research
Date of Report: 25 August 2025

Top Singapore Dividend Stocks 2025: High-Yield REITs & Blue Chips for Income Investors

Singapore’s equity market offers a rich landscape for income-seeking investors, with a diverse roster of high-yield stocks, REITs, and blue-chip names. This detailed analysis, compiled by OCBC Investment Research, provides a comprehensive guide to Singapore-listed companies offering attractive dividend yields, focusing on those with projected yields above 6%. Investors, analysts, and market watchers will find actionable insights, company-by-company breakdowns, and all the key financial metrics needed to make informed decisions.

Singapore Dividend Yield Leaders: Overview and Key Metrics

The following table highlights Singapore-listed stocks with forecast (F1) dividend yields greater than 6%, including market capitalization, price, P/E ratio, beta, consensus recommendations, and yield forecasts. All figures are as of 22 August 2025.

This table includes only a selection of the top dividend-paying stocks; for a full detailed breakdown, see following sections covering all companies and REITs.

Singapore’s Top Dividend Stocks: Full Company-by-Company Analysis

Bumitama Agri Ltd (BAL SP)

• Price: SGD 1.060
• Market Cap: USD 1,447 million
• P/E Ratio: 0.6x
• Beta: 0.6
• Historical Dividend Yield: 8.5%
• Forecast (F1) Dividend Yield: 6.3%

Bumitama Agri Ltd stands out in the agri-business sector with a robust historical yield and a healthy forecast, making it a solid pick for yield-focused investors.

CapitaLand Ascott Trust (CLAS SP)

• Price: SGD 0.865
• Market Cap: USD 2,594 million
• P/E Ratio: 0.7x
• Beta: 0.7
• Historical Dividend Yield: 5.8%
• Forecast (F1) Dividend Yield: 7.0%

CapitaLand Ascott Trust, specializing in hospitality assets, shows an improving forward yield, appealing for those seeking stability and growth in hospitality REITs.

CapitaLand China Trust (CLCT SP)

• Price: SGD 0.730
• Market Cap: USD 997 million
• P/E Ratio: 1.0x
• Beta: 1.0
• Historical Dividend Yield: 6.8%
• Forecast (F1) Dividend Yield: 6.9%

CapitaLand China Trust provides exposure to China retail and commercial real estate, maintaining strong yields near 7%.

Capitaland India Trust (CLINT SP)

• Price: SGD 1.170
• Market Cap: USD 1,235 million
• P/E Ratio: 0.8x
• Beta: 0.8
• Historical Dividend Yield: 6.8%
• Forecast (F1) Dividend Yield: 6.4%

Capitaland India Trust is attractive for those seeking yield from the fast-growing Indian commercial and IT parks sector.

Dairy Farm Int’l Holdings (DFI SP)

• Price: USD 3.120
• Market Cap: USD 4,264 million
• P/E Ratio: 0.9x
• Beta: 0.9
• Historical Dividend Yield: 3.3%
• Forecast (F1) Dividend Yield: 17.7%

Dairy Farm International Holdings, a retail giant, shows an extraordinary jump in forecast yield, likely reflecting a special dividend or restructuring—investors should examine the sustainability of such high payouts.

Singapore REITs: High-Yield Opportunities

Real Estate Investment Trusts (REITs) remain a cornerstone of the Singapore dividend landscape. Below is a detailed table featuring the leading REITs, sorted by forecast (F1) dividend yield.

Key highlights among REITs include United Hampshire US REIT (9.3% F1 yield), Sasseur REIT (8.8%), Elite UK REIT (8.7%), Stoneweg Europe Stapled Trust (8.4%), and First REIT (8.4%). These REITs offer sector and geographical diversification, with substantial income potential.

Singapore STI Stocks: Dividend Performers in the Blue-Chip Space

The Straits Times Index (STI) features many blue-chip companies that combine stability with solid dividend payouts. Below are selected leaders among STI constituents with yields above 5%.

Notable blue-chip dividend payers include:

• DBS Group Holdings and United Overseas Bank (UOB), both offering 5.9% F1 yields
• Frasers Logistics & Commercial (FLT SP) and Mapletree Logistics Trust (MLT SP), both at or above 6.7%
• Mapletree Pan Asia Commercial Trust (MPACT) at 5.8%
• Mapletree Industrial Trust (MINT SP) at 6.4%

Understanding Key Financial Ratios and Terms

For investors evaluating dividend stocks, it’s crucial to understand the key metrics used:

• Dividend Yield: The ratio of annual dividends per share to the share price, expressed as a percentage. Indicates the return on investment from dividends alone.
• Equity Beta: Measures a stock’s volatility compared to the market (a beta of 1.0 matches the market; above 1.0 is more volatile; below 1.0 is less volatile).
• Market Capitalization: The market value of all outstanding shares, a measure of company size.
• P/E (Price/Earnings) Ratio: The share price divided by earnings per share, a common valuation metric for comparing stocks.

Detailed Company and REIT Coverage

The report contains full coverage of all companies and REITs with forecast yields above 6%, including their current market valuations, sector focus, and yield sustainability. Special attention is paid to REITs and property trusts, which continue to dominate the high-yield landscape in Singapore, as well as to blue-chip banking and industrial names favored by institutional and retail investors alike.

Conclusion: Building a High-Income Portfolio in Singapore

Singapore’s equity market remains a fertile ground for dividend investors, offering a spectrum of opportunities across sectors and asset types. From high-yield REITs like United Hampshire US REIT, Sasseur REIT, and Elite UK REIT, to consistent blue-chip performers such as DBS, UOB, and Mapletree entities, investors can construct robust income portfolios tailored to their risk tolerance and sector preferences.

As always, investors should carefully consider company fundamentals, dividend sustainability, and the overall market outlook. For a full list of all companies analyzed, including detailed metrics and sector notes, please refer to the comprehensive tables and company breakdowns provided throughout this article.

Disclaimer: This article is based solely on the research report by OCBC Investment Research, dated 25 August 2025, and is for informational purposes only. It is not financial advice or a solicitation to invest.