Children wait all year for Chinese New Year, eyes sparking at the sight of red packets from their elders.
Those ang baos are more than just cash; they represent blessings, fortune, and a protective head start for the lunar year.
As investors, we don’t have to outgrow that feeling.
In this season of renewal, a steady stream of dividend income is the ultimate adult ang bao – a reward for your patience and a shield for your portfolio.
As we gallop into the Year of the Fire Horse, here are eight “huat” Singapore stocks known for their resilience, grit, and commitment to sharing the wealth with shareholders.
DBS Group Holdings (SGX: D05)
DBS is the undisputed heavyweight of Singapore’s banking sector.
By leveraging its digital edge, DBS has managed to squeeze record profits even when interest rates play musical chairs.
This blue-chip anchor signaled massive confidence by hiking its 2025 total dividend to S$3.06 per share – a staggering 38% jump from the year before.
With a forward yield of roughly 5.4%, DBS is a dividend powerhouse.
Even better? Management plans to maintain the S$0.15 quarterly capital return through 2027, ensuring this particular ang bao stays heavy for years to come.
Singapore Exchange (SGX: S68), SGX
As Singapore’s sole stock market operator, SGX is the ultimate defensive cornerstone.
Don’t call it boring just yet!
SGX has evolved into a global derivatives hub, meaning it’s no longer just reliant on local stock trading.
The bourse operator distributed S$0.375 per share in fiscal 2025 (FY2025) and looks set to keep its streak of quarterly dividend increases alive through FY2028.
If you’re looking for a payout that grows as the world trades more currencies and commodities, SGX is your “toll booth” to prosperity.
CapitaLand Integrated Commercial Trust (SGX: C38U), CICT
If you’ve shopped at ION Orchard or grabbed a coffee at CapitaSpring, you’re already a “customer” of CICT.
This REIT is a direct proxy for Singapore’s heartbeat.
In 2025, CICT flexed its muscles with a 6.4% year-on-year (YoY) growth in distribution per unit (DPU) to S$0.1158.
With nearly 97% of its shops and offices filled and a comfortable leverage ratio, it offers a reliable yield of nearly 5%.
It’s essentially like owning a piece of Singapore’s skyline.
iFAST Corporation (SGX: AIY)
iFAST is the “growth” wild card in this list.
It has transformed from a simple wealth platform into a global fintech player, thanks to its UK banking license.
While its yield is lower than the big banks, the growth is explosive.
In 2025, iFAST hiked its dividend by 42.4% to S$0.08 per share.
With a bold target of S$100 billion in assets under administration (AUA) by 2030, this is for the investor who wants their dividends served with a side of high-octane growth.
Parkway Life REIT (SGX: C2PU)
Healthcare is the ultimate “sleep-well-at-night” sector.
People might skip a new phone, but they don’t skip the doctor.
Parkway Life owns a rock-solid portfolio of private hospitals and nursing homes with “inflation-proof” rental hikes built into their contracts.
With 19 consecutive years of dividend payments under its belt, this REIT is the definition of consistency.
At a yield of 4.5%, it’s the steady, calming hand your portfolio needs during volatile times.
ST Engineering (SGX: S63)
With a record-breaking order book of S$32.6 billion, ST Engineering has enough work lined up to stay busy for years.
Whether it’s fixing airplanes or building smart city tech, they are a global engineering titan.
ST Engineering will propose a total ordinary dividend of 18 cents per share for FY2025, maintaining a nearly two-decade-long streak.
In addition, the board will propose a special dividend of 5 cents per share from recent divestment proceeds, bringing the total to 23 cents.
Starting in 2026, the group is even pegging dividend increases to profit growth – meaning when they win, you win.
Frasers Centrepoint Trust (SGX: J69U), FCT
FCT is the king of the heartland.
By owning malls like Causeway Point and Waterway Point, they capture the everyday spending of Singaporean families.
Even when the economy is down, people still go to the suburban mall for dinner and groceries.
With a healthy 5.4% forward yield and occupancy rates near 100%, FCT is a retail-backed income stream you can set your watch by.
Sheng Siong Group (SGX: OV8)
Sheng Siong is the quintessential defensive play.
They’ve turned selling groceries into an art form, managing costs and expanding its store footprint in new HDB estates.
In 2025, the group maintained a total dividend of S$0.064 per share.
With a pristine balance sheet – zero debt and nearly S$400 million in cash – Sheng Siong is a fortress.
The supermarket operator is the perfect pick for those who value safety and pure, unadulterated cash flow.
Get Smart: Ride the Momentum to Lasting Wealth
The Year of the Fire Horse is all about energy and momentum, but it also rewards those who stay the course.
By aligning your portfolio with these eight “income engines,” you aren’t just chasing a quick buck; you’re building a foundation of enduring wealth.
Dividends are the tangible “ang baos” that reward your discipline and cushion you when the market gets bumpy.
Let these quality businesses do the heavy lifting for your bank account.
Stay disciplined, keep your eyes on the horizon, and let your wealth gallop toward a brighter future.
The world’s gotten unpredictable, but some Singapore companies have quietly kept thriving. You’ve probably seen them in your daily life. And yes, they’ve kept paying dividends through it all. Meet 5 resilient stocks built to navigate global storms. Get the free report here and see how they’ve done it.
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Disclosure: Calvina Lee owns shares of DBS and SGX.
