Blue-chip stocks provide a stable foundation for your investment portfolio as these companies offer stability and peace of mind.
However, it’s important not to neglect the mid-cap sector as there are many companies there which may offer decent growth prospects along with consistent dividends.
Income investors can scour through this space to find well-run companies with good dividend yields that can supplement the blue-chip stocks that they own.
Here are four mid-cap stocks that sport attractive dividend yields that an income investor may wish to add to his/her watchlist.
PropNex (SGX: OYY)
PropNex is Singapore’s largest real estate agency with 13,057 salespeople as of 19 February 2025.
The group offers services such as real estate brokerage, training, and consultancy, and also has a presence in Indonesia, Malaysia, Vietnam, Cambodia, and Australia.
For 2024, the property agency reported a downbeat set of earnings as the property market remained subdued.
Revenue dipped 6.6% year on year to S$783 million with gross profit falling 12.4% year on year to S$71 million.
Net profit stood at S$40.9 million, down 14.4% year on year.
PropNex generated a positive free cash flow of S$37.7 million.
The group declared a final dividend of S$0.03 for 2024 along with a special dividend of S$0.025 to commemorate its 25th anniversary in 2025.
Taken together, PropNex’s total dividend for 2024 amounted to S$0.0775, the highest since its listing.
Shares of PropNex provide a trailing dividend yield of 6.7%.
Management has a positive outlook for this year as developers are expected to launch around 13,000 new units (including executive condominiums), almost double the supply compared to 2024.
With more launches, PropNex can expect its business to pick up as more people purchase properties for staying and as investments.
HRNetGroup (SGX: CHZ)
HRNetGroup is a leading staffing and recruitment firm with over 900 consultants across 17 Asian cities.
Some of their brands include HRNetOne, PeopleSearch, and RecruitFirst.
HRNetGroup saw revenue dip 2% year on year to S$567 million for 2024.
Gross profit fell by 12.1% year on year to S$122.2 million on higher sub-contractor expenses.
Net profit tumbled nearly 30% year on year to S$46.3 million, principally because of lower other income arising from lower reversals of trade accruals and a net fair value loss on revaluation of equity investments.
The human resource specialist continued to churn out positive free cash flow of S$49.4 million, though this was 10.8% lower than the prior year’s S$55.4 million.
A full-year dividend of S$0.04 was declared, unchanged from a year ago.
Shares of HRNetGroup offer a trailing dividend yield of 5.7%.
Management intends to save up to S$1 million per year through de-layering and will also cut down on S$1.6 million in annual rental expenses.
The group is expanding its Vietnam executive search business and is on the lookout for more acquisitions to broaden its business.
LHN Limited (SGX: 41O)
LHN is a space optimisation specialist that helps to generate value for both landlords and tenants.
The group has four key divisions – space optimisation, property development, facilities management, and energy.
For fiscal 2024 (FY2024) ending 30 September 2024, revenue jumped 29.2% year on year to S$121 million.
Net profit (from continuing operations) more than doubled year on year from S$18.5 million to S$47.3 million.
The better performance was due to broad-based year-on-year revenue increases across all its four divisions.
The group also generated a positive free cash flow of S$23.5 million for FY2024.
LHN declared a final and special dividend of S$0.01 each, taking its FY2024 total dividend to S$0.03.
Shares of the space optimisation company provide a 6.5% trailing dividend yield.
Overseas Education Limited (SGX: RQ1)
Overseas Education Limited, or OEL, operates the overseas family school (OFS) which offers a fully-integrated programme for children of expatriate families aged two to 18 years old.
For 2024, the education provider saw total revenue creep up 0.8% year on year to S$88.5 million.
Net profit, however, fell by 6.8% year on year to S$6.3 million.
OEL generated a positive free cash flow of S$18.9 million for 2024.
Management declared a final dividend of S$0.012, slightly below the prior year’s S$0.013.
Shares of OEL provide a trailing dividend yield of 6%.
The group is optimistic that the influx of expatriate families and student enrolment will improve with Singapore’s policies to attract foreign investments and talent.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
