As the Year of the Snake slithers in, it is also time for the very first earnings season of 2025.
Income investors are watching corporate earnings closely and looking out for stocks that have declared dividends.
We made things easier for you by compiling a list of companies that will dish out dividends in February.
Here are four Singapore stocks that you can consider for your dividends buy watchlist.
Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT with a portfolio of 25 data centres in 10 countries.
The REIT’s assets under management (AUM) stood at around S$5 billion as of 31 December 2024.
Last year, Keppel DC REIT announced the acquisition of two hyperscale data centres in Singapore, KDC SGP7 and KDC SGP 8, from its sponsor Keppel Ltd (SGX: BN4).
As part of the fundraising for this acquisition, the REIT held an equity fundraising exercise comprising a private placement and preferential offer.
An advance distribution per unit (DPU) of S$0.04083 was declared for the period from 1 July 2024 to 27 November 2024.
This DPU will be paid on 10 February 2025.
Keppel DC REIT released a strong set of earnings for 2024 that saw its gross revenue rise 10.3% year on year to S$310.3 million.
Net property income increased by 6.3% year on year to S$260.3 million.
DPU for 2024 inched up 0.7% year on year to S$0.09451.
The remaining DPU of S$0.00819 will be paid on 17 March 2025.
The data centre REIT reported a high portfolio occupancy of 97.2% and boasted a strong positive rental reversion of around 39% for last year.
Fraser & Neave (SGX: F99)
Fraser & Neave, or F&N, is a food and beverage industry leader in Singapore with popular beverage and dairy brands such as 100 Plus, Seasons, Magnolia, and Fruit Tree.
The group reported a respectable set of earnings for its fiscal 2024 (FY2024) ending 30 September 2024.
Revenue edged up 3% year on year to S$2.2 billion, driven by strength in the group’s core beverage segments.
Net profit increased by 12.7% year on year to S$150.2 million.
A final dividend of S$0.04 was declared, unchanged from a year ago.
This dividend will be paid on 14 February.
F&N strengthened its presence in Cambodia with the securing of a land lease to construct a new dairy facility in the country.
Operations should commence in the first quarter of 2026.
The group continues to launch new packaging options for its existing products such as a 1.89 litre PET bottle for Magnolia fresh milk.
This family pack should make it easier and cheaper for families who consume milk often.
Jumbo Group (SGX: 42R)
Jumbo Group is a food and beverage company that operates a diverse portfolio of brands and concepts including Jumbo Seafood, Ng Ah Sio Bak Kut Teh, Kok Kee Wanton Noodles, and more.
The group has expanded into international markets such as China, Thailand, and Vietnam.
Jumbo reported a mixed set of earnings for FY2024.
Revenue rose 6.5% year on year to S$190.4 million while gross profit improved by 6.8% year on year to S$125 million.
Net profit, however, dipped by 6.5% year on year to S$13.7 million due to higher depreciation and staff costs.
The seafood specialist continued to generate a positive free cash flow of S$32 million for FY2024.
A final dividend of S$0.005 was declared, half of what was paid out a year ago.
This dividend will be paid out on 12 February 2025.
Jumbo plans to deepen its market penetration and continue to offer exceptional dining experiences.
Management also intends to expand into new markets across Southeast Asia to broaden the group’s geographic reach.
CapitaLand Ascott Trust (SGX: HMN)
CapitaLand Ascott Trust, or CLAS, is a hospitality trust with a portfolio of 100 properties in 45 cities within 16 countries.
CLAS’s AUM stood at around S$8.8 billion as of 31 December 2024.
The trust also reported a mixed set of earnings for the second half of 2024 (2H 2024).
Revenue increased by 6% year on year to S$423.2 million, aided by stronger operating performance along with higher contributions from CLAS’ new acquisitions and properties that have completed their asset enhancement initiatives (AEIs).
Gross profit climbed 8% year on year to S$198 million.
Distribution per stapled security (DPSS) came in at S$0.0355, down 7% year on year.
However, when adjusted for non-recurring, one-off items, core DPSS inched up 3% year on year to S$0.0308.
The DPSS of S$0.0355 will be paid on 28 February.
The trust saw its revenue per available unit (RevPAU) continue its climb in the fourth quarter of 2024, up 9% year on year to S$176.
For 2024, CLAS completed over S$500 million in divestments at premiums to book value, helping to unlock S$74 million in net gains.
The trust conducted three acquisitions last year in Singapore, Japan, and the US, and also carried out eight AEIs for a total of S$250 million.
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Disclosure: Royston Yang owns shares of Keppel DC REIT.
