In the month of May, several of Singapore’s blue chips are scheduled to distribute dividends.
Here’s a list of ten STI heavyweights that are strong picks for investors seeking reliable passive income and long-term stability.
- OCBC Ltd (SGX: O39)
As a result of the shifting global interest rates, net interest income (NII) slipped 6% year-on-year (YoY) to S$9.2 billion.
Despite the dip, OCBC’s non-performing loan (NPL) ratio remained at 0.9% and a fully phased-in Common Equity Tier-1 (CET-1) of 15.1% in FY2025.
Its payout ratio of 60% signals the bank’s commitment to returning capital to shareholders.
The bank is set to distribute a total dividend of S$0.58 per share on 8 May 2026, comprising a S$0.42 final ordinary dividend and a S$0.16 special dividend.
- UOB Ltd (SGX: U11)
Similar to OCBC, UOB faced sector-specific headwinds, resulting in a NII drop of 3.4% YoY to S$9.4 billion for the full year of 2025 (FY2025).
Nevertheless, the bank maintained a steady NPL of 1.5%.
Coupled with a payout ratio of 50%, the bank declared a final dividend of S$0.71 per share, which is scheduled for payment on 8 May 2026.
- ST Engineering Ltd (SGX: S63)
With its status as Singapore’s defence provider, ST Engineering, or STE, has long been known to be an industrial blue chip.
Revenue grew 9.5% YoY to S$12.3 billion, with Base Operating Performance (BOP) net profit jumping 21.2% to S$851 million.
More importantly, as at 31 December 2025, STE’s order book expanded to S$33.2 billion, a 16% YoY increase.
STE will distribute a total dividend of S$0.11 per share (S$0.06 ordinary dividend and S$0.05 special dividend) during its upcoming payout in May, bringing the total dividend for 2025 to S$0.23 per share.
- Jardine Matheson Holdings (SGX: J36)
Jardine Matheson, or JMH, is a diversified investment group managing a massive portfolio of established Asian businesses.
While JMH’s full-year revenue fell 4.4% YoY to US$34.2 billion in 2025, earnings per share (EPS) grew to US$3.78, from a loss per share of US$1.61 recorded last year.
The group declared a final dividend of US$1.75 per share, which will be payable on 13 May 2026.
Total annual dividend for 2025 will be US$2.35 per share – a 4% YoY increase.
- Keppel Ltd (SGX: BN4)
After its successful switch towards steady income from infrastructure, real assets, and fund management, Keppel has seen significant improvements.
As the group continues to grow its recurring income base, Keppel’s funds under management (FUM) stood at approximately S$95 billion at end-2025, with S$0.4 billion in new funds added during the first quarter of fiscal 2026 (1Q2026).
Keppel has declared a final dividend of S$0.19 per share, payable on 8 May 2026, alongside a special dividend of approximately S$0.13 per share that includes both a cash portion and a distribution of Keppel REIT units.
Total dividend amounts to approximately S$0.47 per share, representing a 38% YoY increase.
- Hongkong Land Holdings Limited (SGX: H78)
As at end-2025, Hongkong Land holds US$47 billion in assets, anchored by a premium portfolio of commercial properties across Hong Kong, Singapore, and Shanghai.
However, as the company shifted away from its “build-to-sell” residential business, underlying EPS slipped from US$0.226 to US$0.2098.
Yet, the group will be paying its final dividend of US$0.19 per share on 13 May 2026, bringing the total dividend for 2025 to US$0.25 per share – an increase of 9% YoY.
- Capitaland Investment Limited (SGX: 9CI)
For the full year of 2025, Capitaland Investment, or CLI, reported a 16.1% YoY increase in revenue for fee income-related business (FRB) to S$1.1 billion.
This trend carried into 2026, where FRB revenue for the first quarter of 2026 (1Q2026) rose 10% YoY to S$310 million.
On capital activity, the property giant raised around S$2.5 billion in equity, deployed S$7.2 billion, and divested S$3.4 billion year-to-date.
Notable transactions include CICT’s proposed acquisition of Paragon and CLAR’s 50% stake in Ascent.
On 14 May 2026, CLI will distribute its final dividend of S$0.12 per share.
- Sembcorp Industries Ltd (SGX: U96)
As Sembcorp transitions its portfolio from “brown to green”, net profit dropped 3% YoY to S$984 million in 2025.
The group’s free cash flow turned positive to S$208 million, up from negative S$196 million in FY2024, as capital expenditure for major renewables projects started to stabilise.
Together with the S$0.16 per share final dividend which will be distributed on 15 May 2026, the total dividend adds up to S$0.25 per share.
- UOL Group Ltd (SGX: U14)
With a mix of development and investment properties, and hospitality, UOL saw revenue rise 16% YoY from S$2.8 billion in 2024 to S$3.2 billion in 2025.
During this period, free cash flow almost doubled to S$1.2 billion.
UOL will distribute a combined dividend of S$0.25, comprising S$0.18 in final dividends plus S$0.07 special dividends, on 18 May 2026.
- Genting Singapore (SGX: G13)
The Resorts World Sentosa (RWS) operator reported revenue of S$2.5 billion in 2025 – a decline of 3% from a year ago.
Due to its renovation works for RWS 2.0, net profit saw a similar trend, plunging 33% YoY to S$390.3 million.
However, the group still maintained its final dividend of S$0.02 per share, with its payout date scheduled for 26 May 2026.
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Disclosure: Charlyn T. owns shares in OCBC.
