In a time of market uncertainty and rising living costs, income-generating investments are more valuable than ever.
For investors seeking stability and consistent returns, blue-chip stocks with strong dividend payouts offer a dependable source of passive income.
Here are five Singapore-listed blue-chip companies that not only boast solid fundamentals but also deliver dividend yields of 5% and higher.
DBS Group Holdings (SGX: D05)
DBS is one of the highest rated banks in Asia with its main operations being in Singapore.
The bank’s strong and consistent earnings track record can be credited to its ability to leverage on current global trends.
On 16 September 2024, CEO Piyush Gupta stated that the bank deploys over 800 Artificial Intelligence (AI) models across 350 use cases.
The use of AI was mainly used for customer engagement through hyper-personalised financial services which improve customer relations.
The impact of this use of AI in its operations was also said to exceed S$1 billion in 2025.
For the first quarter of 2025 (1Q 2025), DBS reported strong earnings with a 6% year-on-year increase in total income, reaching a record S$5.91 billion.
However, DBS saw a decrease of 2% YoY in net profits at S$2.9 billion due to the 15% global minimum tax.
On top of its operational strength, DBS also shows resilience to liquidity risks.
This resilience can be seen in its high transitional CET-1 ratio of 17.4% with a conservative value of 15.2%.
A high CET-1 ratio would mean that DBS has a high amount of buffer capital to weather economic shocks and maintain its dividends.
At S$44.45, DBS provides a trailing 12-month dividend per share (DPS) of S$2.43 and a trailing dividend yield of 5.5% .
Oversea-China Banking Corporation Ltd (SGX: O39)
Oversea-China Banking Corporation or OCBC, is another large player in the financial institution sector in Asia, predominantly in Singapore.
For 1Q 2025, OCBC demonstrated resilient earnings with a 1% YoY growth in total income to S$3.66 billion.
However, the bank saw a decrease of 5% YoY in group net profit at S$1.88 billion.
This decrease was caused by a 4% YoY decrease in net interest income as lower net interest margins outweighed gains from asset growth in a falling interest rate environment.
Nonetheless, the rise in net profits in 2024 translates to a greater increase in long-term dividend growth.
OCBC also saw an increase in its CET-1 ratio by 1.4% YoY to a robust 17.6% in 1Q 2025.
This high ratio value indicates a strong capital position to maintain its dividend payments during economic uncertainty.
The Bank has made numerous strategic developments in recent years to remain a strong foothold in the banking industry.
In May 2025, OCBC announced that it will integrate its securities businesses in Singapore, Hong Kong and Indonesia into the bank’s Global Markets Division.
This integration allows for streamlining of operations and a wider range of financial services for its existing clients.
In September 2024, OCBC also announced that it plans to invest S$500 million into the Punggol Digital District.
This investment comes with the development of OCBC’s innovation hub and partnership with Singapore Institute of Technology.
This addition to OCBC’s ecosystem is meant for talent development for fintech and innovation to bolster its digital banking efforts.
At S$16.06, OCBC pays a trailing 12-month DPS of S$1.01 and a trailing dividend yield of 6.3%.
Singapore Airlines Limited (SGX: C6L)
Singapore Airlines Limited or SIA, is Singapore’s premier airline group that is highly respected globally.
For its fiscal 2025 (FY2025) ending on 31 March 2025, SIA reported a 3.9% YoY increase in net profit.
This net profit increase was boosted by a S$1 billion gain from the completion of the Air-India Vistara merger.
Furthermore, cargo revenue showed strong growth of 4.4% YoY driven by strong demand for e-commerce and perishables and disruptions in sea freight.
SIA is also no stranger to the AI scene.
It has collaborations with OpenAI and Salesforce (NYSE: CRM) to develop and implement AI functions into customer service applications to deliver more consistent and personalised services.
At S$7.03, SIA provides a trailing 12-month DPS of S$0.40 and a trailing dividend yield of 5.7%.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust or MIT, is a commercial REIT with 141 properties from industrial real estate assets in Singapore to data centres in the US and Japan.
For FY2025 ending 31 March 2025, MIT reported high net property income (NPI) of $531.5 million with a 2% YoY growth.
MIT’s NPI was largely contributed by the Osaka Data Centre acquisition with a 100% occupancy rate.
The renewals across Singapore properties with a 92.9% occupancy rate were also a key factor in the NPI growth.
MIT also reported a 2% YoY increase of income distributable to unitholders to S$386 million for FY2025.
The trust has made strategic divestments such as that of Georgia Data Centre at a 18.6% premium over market valuation.
Moreover, MIT had a portfolio divestment of Singapore properties such as The Synergy 1 International Business Park at 22.1% over their original investment cost.
MIT’s portfolio has a healthy portfolio weighted average lease expiry value of 4.4 years which indicates predictable rental income and steady distributions.
At S$1.96, MIT provides a trailing 12-month DPU of S$0.1357 and a trailing distribution yield of 6.9%.
United Overseas Bank Ltd (SGX: U11)
United Overseas Bank or UOB is another leading bank in Asia with 500 offices and branches across 19 countries.
For 1Q 2025, UOB maintained a net profit of S$1.5 billion which signals consistent profitability.
UOB’s net fee income also reached a new high of S$694 million which represents a 20% YoY growth.
This performance was contributed by the bank’s diversified income streams with strong growth.
For instance, there was a 25% YoY increase in wealth management revenue and 22% YoY increase in trade loan volume.
In addition, UOB maintained a high CET-1 ratio of 15.5%, which means it has a healthy capital position to cushion economic downturns.
The bank also has a low non-performing loan ratio of 1.6% which indicates a low risk of loan defaults and future losses.
These ratios translate to UOB being able to support reliable dividend payments.
At S$34.95, UOB provides a trailing 12-month DPS of S$2.30 and a trailing dividend yield of 6.6%.
Get Smart: A dependable income stream
Capital preservation and a steady income matter more than ever.
These five Singapore blue-chip stocks stand out for their strong fundamentals and attractive dividend yields of 5% or more, each offering a compelling case for income-focused investors.
Consider adding these resilient names to your portfolio to secure consistent passive income.
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Disclosure: Gabriel Lim does not own shares in any of the companies mentioned.
