It’s great being an income investor in the Singapore stock market.
A wide range of companies dish out delectable dividends to investors that you can choose from.
Dividends are attractive because they represent a stream of passive income that can help to supplement your earned income.
These dividends can also sustain your lifestyle once you reach retirement.
Here are five attractive Singapore stocks with dividend yields of 4.8% or more.
Overseas Education Limited (SGX: RQ1)
Overseas Education Limited, or OEL, operates the Overseas Family School (OFS) in Singapore.
OFS offers a fully integrated, multi-faceted programme for children of expatriate families aged two to 18 years old.
For 2024, total revenue inched up 0.8% year on year to S$88.5 million.
The school reported a 6.8% year-on-year decline in net profit to S$6.3 million.
OEL generated a positive free cash flow of S$18.9 million for 2024, 23.8% lower than a year ago.
A final dividend of S$0.012 was declared, dipping slightly below last year’s final dividend of S$0.013.
At a share price of S$0.20, shares of OEL offer a trailing dividend yield of 6%.
The group expects the operating environment to remain challenging but is hopeful that Singapore’s policy to attract foreign investments will enable more expatriates to enrol their children in OFS.
ComfortDelGro Corporation (SGX: C52)
ComfortDelGro, or CDG, is a land transport operator that offers a comprehensive suite of transportation solutions.
The group’s network spans public transport (buses and rail) and point-to-point transportation such as taxis and private hire cars.
For 2024, revenue increased 15.4% year on year to S$4.5 billion, aided by acquisitions that helped to boost revenue contribution for the group.
Operating profit jumped 18.7% year on year to S$322.9 million while net profit improved by 16.6% year on year to S$210.5 million.
CDG also generated a free cash flow of S$78.5 million last year, higher than the S$70.6 million churned out for 2023.
A final dividend of S$0.0425 was declared, 13% higher than the S$0.0376 paid out a year ago.
For 2024, the total dividend stood at S$0.0777, a 16.7% year-on-year increase from the S$0.0666 paid out for 2023.
CDG anticipates better rail operations revenue in Singapore because of higher ridership and fare increases.
Its London public bus contract renewals are also expected to be conducted at improved margins.
APAC Realty (SGX: CLN)
APAC Realty is a real estate services provider holding the ERA regional master franchise rights for 17 countries in the Asia Pacific region.
The group is one of Singapore’s largest real estate agencies with 8,823 salespeople as of 26 February 2025.
APAC Realty reported a downbeat set of earnings for 2024, bogged down by higher expenses.
Revenue edged up 0.7% year on year to S$561 million but operating profit tumbled 18.2% year on year to S$11 million.
Net profit plunged 38.8% year on year to S$7.2 million.
The real estate agency generated positive free cash flow of S$8.4 million for 2024, down from S$16 million in the previous year.
A final dividend of S$0.012 was declared, and coupled with the group’s interim dividend of S$0.009, the total dividend for 2024 came up to S$0.021.
APAC Realty’s shares offer a trailing dividend yield of 4.8%.
HRNetGroup (SGX: CHZ)
HRNetGroup is a recruitment and staffing firm with over 900 consultants spread across 17 Asian cities.
The human resource group saw revenue dip 2% year on year to S$567 million for 2024.
Net profit fell 30% year on year to S$46.3 million.
The group maintained a clean balance sheet with S$258.4 million of cash and no debt.
Free cash flow for 2024 stood at S$49.4 million, and HRNetGroup declared a full-year dividend of S$0.04, unchanged from a year ago.
Shares of the human resource firm offer a 5.7% trailing dividend yield.
For 2025, the group is looking at mega contracts from governments for its flexible staffing division.
Simplifying its management structure will also result in annualised cost savings in salaries and profit-sharing incentives.
Kingmen Creatives (SGX: 5MZ)
Kingmen Creatives is a creator of experiences and provides vertically and horizontally integrated service offerings to its wide variety of clients.
Armed with a design-led culture, the group has designed interior fit-outs for major brands and worked on theme park attractions.
For 2024, revenue increased by 7.5% year on year to S$388.4 million while gross profit improved by 15.6% year on year to S$90.4 million.
Net profit more than quadrupled year on year from S$2.9 million to S$13.1 million.
The group also churned out a positive free cash flow of S$5.5 million.
A final dividend of S$0.02 was declared, double the S$0.01 that was paid out in the previous year.
Shares of the group offer a 5.6% trailing dividend yield.
Kingsmen’s order book stood at S$192 million as of 31 December 2024 with a strong pipeline of projects.
We’ve discovered 5 SGX stocks that not only offer better returns than fixed deposits but also have the potential to beat inflation. Plus, these stocks provide capital growth and can significantly compound your wealth in the long term. If you’re looking to make your money work harder for you, download our FREE report for details on these five stocks.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
