With the latest earnings season almost behind us, it’s time to review how businesses are performing.
Many companies are pressured by higher costs as inflation continued to bite, but others managed to report better financial numbers despite these challenges.
The good news is that despite these headwinds, companies are still dishing out dividends.
These dividends function as a useful stream of passive income that helps to supplement your earned income.
Here are five Singapore stocks that are paying out dividends next month.
AIMS APAC REIT (SGX: O5RU)
The REIT sector continues to be a reliable payer of consistent dividends.
AIMS APAC REIT, or AAREIT, is an industrial REIT with a portfolio of 28 properties located in Singapore (25) and Australia (3).
The portfolio has total assets under management (AUM) of S$2.1 billion as of 31 March 2025.
AAREIT reported a commendable set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025.
Gross revenue rose 5.3% year on year to S$186.6 million while net property income (NPI) inched up 2.1% year on year to S$133.7 million.
Distribution per unit (DPU) rose 2.6% year on year to S$0.096. This DPU will be paid out on 25 June.
The industrial REIT boasted a high portfolio occupancy of 93.6% with a long weighted average lease expiry (WALE) of 4.4 years.
The portfolio also enjoyed a very high positive rental reversion of 20% for FY2025.
AAREIT also had a very low gearing level of just 28.9%, allowing the REIT to tap into debt financing for more yield-accretive acquisitions.
The industrial REIT has two ongoing asset enhancement initiatives (AEIs) at 7 Clementi Loop and 15 Tai Seng Drive. These AEIs should be completed by the first half of 2026 at a cost of S$32 million.
iFAST Corporation (SGX: AIY)
iFAST Corporation is financial technology company operating a platform for the buying and selling of unit trusts, equities, and bonds.
The group also has a digital bank division that offers remittance and deposit services.
iFAST reported an impressive set of earnings for the first quarter of 2025 (1Q 2025).
Net revenue rose 16.5% year on year to S$67.7 million while operating profit jumped 29% year on year to S$23.8 million.
Net profit climbed 31.2% year on year to S$19 million.
The group’s assets under administration also shot up 22% year on year to a new high of S$25.68 billion.
An interim dividend of S$0.016 was declared, higher than the previous year’s S$0.013.
This dividend will be paid on 9 June.
There could be more to come for iFAST as management believes that 2025 should see healthy progress across its business segments.
Further growth is expected as the fintech continues to onboard trustees for its Hong Kong ePension division.
Jumbo Group (SGX: 42R)
Jumbo is a food and beverage (F&B) group famous for its chilli crab.
The F&B group operates a diverse portfolio of brands such as JUMBO Seafood, Kok Kee Wanton Noodles, and Chui Huay Lim Teochew Cuisine.
For the first six months of fiscal 2025 (1H FY2025) ending 31 March 2025, Jumbo’s revenue crept up 0.3% year on year to S$97.3 million.
Gross profit, however, dipped by 1% year on year to S$63.7 million as cost of sales increased by 2.8% year on year.
Net profit fell by 10.6% year on year to S$7.9 million.
Despite this fall, Jumbo managed to eke out a positive free cash flow of S$3.2 million for 1H FY2025.
An interim dividend of S$0.005 was declared, unchanged from a year ago.
This dividend will be on 4 June.
Jumbo will continue to pursue growth opportunities in markets that support strong demand for quality dining.
However, management also warned of geopolitical tensions and trade uncertainties that may dampen consumer sentiment.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 56 properties in the US, 83 in Singapore, and two in Japan.
The REIT’s AUM stood at S$9.1 billion as of 31 March 2025.
For FY2025, gross revenue rose 2.1% year on year to S$711.8 million.
NPI improved by 2% year on year to S$531.5 million and DPU inched up 1% year on year to S$0.1357.
For the fourth quarter of fiscal 2025, the REIT is paying out a DPU of S$0.0336, unchanged from a year ago.
This distribution will be made on 13 June.
MIT’s portfolio occupancy rate stood at 91.6% for FY2025, and its Singapore portfolio enjoyed a positive rental reversion of 8.1% for renewal leases.
The industrial REIT recently divested its Georgia Data Centre at US$11.8 million, a premium over its valuation of US$9.95 million as of 31 March 2025.
Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering, or STE, is an engineering and technology group serving customers in the aerospace, smart city, and defence sectors.
The blue-chip group provided an encouraging business update for 1Q 2025, where revenue rose 8% year on year to S$2.9 billion.
The engineering group snagged around S$4.4 billion in contract wins for the quarter, taking its order book to S$29.8 billion as of 31 March 2025.
An interim dividend of S$0.04 was declared, similar to a year ago.
This dividend will be paid out on 3 June.
Management sees limited direct impact from Trump’s tariffs but is mitigating any fallout by re-negotiating customer agreements and diversifying its supplier network.
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Disclosure: Royston Yang owns shares of iFAST Corporation and Mapletree Industrial Trust.
