Receiving dividends is always a happy affair.
Dividends are not only tax-free, but they also represent a useful source of passive income that helps to supplement your earned income.
Over time, as you accumulate more stocks that pay out dividends, you can generate a large enough passive income flow to ease you through your retirement.
While most stocks pay dividends either annually or half-yearly, there is a batch of stocks that dish out dividends every quarter.
We present five attractive Singapore stocks that cut you a cheque every three months.
UMS Integration (SGX: 558)
UMS Integration provides equipment manufacturing and engineering services to original equipment manufacturers of semiconductors and related products.
The group reported a downbeat set of earnings for the first nine months of 2024 (9M 2024) because of the semiconductor downturn.
Revenue fell by 23% year on year to S$174.9 million.
Net profit was cut by a third year on year to S$29.5 million.
Despite the weak results, UMS Integration managed to generate a positive free cash flow of S$7.4 million for 9M 2024.
An interim dividend of S$0.01 was declared and paid for the third quarter of 2024 (3Q 2024).
Management reported that the semiconductor industry outlook is promising with US fab capacity projected to triple by 2032.
In a signal that chip demand is improving, UMS Integration’s new key customer has requested that the group ramp up production in the coming months.
iFAST Corporation (SGX: AIY)
iFAST is a financial technology company that operates a platform for the buying and selling of unit trusts, shares, and bonds.
The fintech reported a sparkling set of earnings for 9M 2024 with net revenue soaring 75.5% year on year to S$183.5 million.
Operating profit catapulted 196% year on year to S$60.1 million while net profit more than tripled year on year to S$47.4 million.
The group’s assets under administration also grew by 23.6% year on year to a new all-time high of S$23.62 billion, aided by net inflows of S$2.3 billion in 9M 2024.
A third interim dividend of S$0.015 was declared and paid, a 15% year-on-year increase from the S$0.013 paid out last year.
Looking ahead, iFAST expects its Hong Kong ePension division to be an important growth driver of profits this year.
It also expects its digital bank to be an important contributor to its growth for 2025.
DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation.
The blue-chip group has done well for 9M 2024 as higher interest rates boosted its net interest income.
The lender’s revenue rose 11% year on year to S$16.8 billion on the back of a 5% year-on-year increase in commercial book net interest income.
DBS’s fee and commission income also saw a sharp 27% year-on-year jump to S$3.2 billion.
Net profit came in at S$8.8 billion, a record and was up 12% year on year.
In line with the good results, DBS upped its quarterly dividend by 22.7% year on year to S$0.54.
For 2025, CEO Piyush Gupta is confident that net interest income will hover around 2024 levels while non-interest income can grow by high-single-digits.
Net profit, however, is forecast to be lower than 2024 due to a global minimum tax rate of 15%.
Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering, or STE, is an engineering and technology group servicing clients in the aerospace, smart city, and defence sectors.
The group reported a commendable performance for its 9M 2024 business update.
Revenue climbed 14% year on year to S$8.3 billion with year-on-year revenue rises across all three of STE’s business divisions.
A quarterly dividend of S$0.04 was declared and paid, bringing the annualised dividend to S$0.16.
The engineering group snagged an impressive S$8.3 billion in contracts for 9M 2024, taking its order book to S$26.9 billion as of 30 September 2024.
Of this order book, S$2.6 billion will be delivered for the remainder of 2024.
Singapore Exchange Limited (SGX: S68)
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The blue-chip bourse operator reported a respectable set of earnings for its fiscal 2024 (FY2024) ending 30 June 2024.
Revenue inched up 3.1% year on year to S$1.2 billion.
Net profit (excluding exceptionals and one-off items) crept up 4.5% year on year to S$525.9 million.
The group proposed a final dividend of S$0.09 for the quarter, up from S$0.085 previously.
SGX’s annualised dividend per share stood at S$0.36.
Management intends to grow the group’s revenue by between 6% to 8% per annum in the medium term.
One method is to enhance growth opportunities for its foreign exchange franchise by scaling up its client acquisition efforts across Europe and Asia-Pacific.
Our FREE report, ‘7 Singapore Blue-Chip Stocks That Can Pay You for Life,’ reveals stable, dividend-paying stocks with a history of strong returns—even in uncertain markets. Get insights on Singapore’s most dependable blue-chips and see how they can offer you steady income. Download it today to start building your portfolio with confidence.
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Disclosure: Royston Yang owns shares of iFAST Corporation, DBS Group and Singapore Exchange Limited.