Income investors are always on the prowl for stocks that pay out dividends.
While most companies pay out dividends either yearly or half-yearly, there are a select few that pay out dividends every quarter.
More frequent dividends means that you can receive cash more quickly to either spend it, or compound it for even more dividends.
Here’s a list of five Singapore stocks that dish out dividends every three months.
DBS Group (SGX: D05)
DBS Group is Singapore’s largest bank by market capitalisation.
The lender offers a comprehensive range of banking, insurance, and investment services to individuals and corporations.
DBS announced a strong set of earnings for 2024 as high interest rates helped to boost its net interest income.
Total income rose 10% year on year to S$22.3 billion on the back of a 5% year-on-year increase in commercial book net interest income.
The bank’s net profit stood at S$11.3 billion, up 12% year on year and at a record high.
DBS declared and paid a final dividend of S$0.60 for the fourth quarter of 2024 (4Q 2024), up nearly 23% year on year from the S$0.49 paid a year ago.
Income investors can expect more from the lender as it announced a capital return dividend of S$0.15 per share per quarter to manage down its excess capital.
Coupled with the ordinary dividend of S$0.60 per quarter, investors can expect DBS to pay a total of S$0.75 per share per quarter for 2025.
Singapore Exchange Limited (SGX: S68)
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The blue-chip group has morphed into a multi-asset exchange as it increases the number of securities on its platform, offering derivatives, futures and options for investors to hedge their portfolios.
For the first half of fiscal 2025 (1H FY2025) ending 31 December 2024, net revenue rose 15.6% year on year to S$646.4 million.
Net profit (excluding one-off items) climbed 27.3% year on year to S$320.1 million.
The bourse operator upped its interim quarterly dividend from S$0.085 to S$0.09, bringing the total 1H FY2025 dividend to S$0.18.
Management is optimistic about growing its revenue by 6% to 8% per annum in the medium term.
Should net profit rise in tandem, SGX should also see its quarterly dividend increasing over time.
iFAST Corporation (SGX: AIY)
iFAST Corporation is a financial technology (fintech) company that operates a platform (fundsupermart and FSMOne) that allows users to buy and sell shares, unit trusts, and bonds.
The fintech reported a robust set of earnings for the first quarter of 2025 (1Q 2025).
Net revenue increased by 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.
iFAST declared a quarterly dividend of S$0.016, up 23.1% from the S$0.013 paid out in 1Q 2024.
For 2024, the fintech paid out a total of S$0.059 per share in dividends, up from S$0.048 in the previous year.
iFAST’s assets under administration (AUA) hit a new record high of S$25.68 billion at the end of 1Q 2025, up 22% year on year.
The group’s digital bank division also achieved a second consecutive quarter of profitability as it grew its customer deposits to S$1.15 billion, up 123% year on year.
First REIT (SGX: AW9U)
First REIT is a healthcare REIT with a portfolio of 32 properties across Japan (14), Singapore (3), and Indonesia (15).
The portfolio has an asset size of S$1.12 billion as of 31 December 2024 with all properties being fully occupied.
For 1Q 2025, First REIT reported a slightly downbeat set of earnings with rental income falling 2.8% year on year to S$25.4 million.
Net property income (NPI) also dipped by 2.8% year on year to S$24.6 million.
The REIT’s distribution per unit for 1Q 2025 declined by 3.3% year on year to S$0.0058.
First REIT’s gearing ratio stood at 40.7% with an all-in cost of debt of 4.7%.
The REIT has 56.7% of its loans pegged to fixed rates.
The healthcare REIT received a non-binding letter of intent from Siloam to acquire First REIT’s portfolio of hospitals in Indonesia, and the manager has appointed Citigroup Global Markets Singapore to assist in conducting a strategic review of this potential transaction.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 180 properties across eight countries.
As of 31 March 2025, MLT had assets under management (AUM) of S$13.3 billion.
For fiscal 2025 (FY2025) ending 31 March 2025, MLT saw gross revenue slip 0.9% year on year to S$727 million.
NPI slipped 1.5% year on year to S$625.3 million.
DPU tumbled 10.6% year on year to S$0.08053.
For the fourth quarter of fiscal 2025, the industrial REIT’s DPU fell by 11.6% year on year to S$0.01955.
The weaker performance was attributed to lower revenue from China, absence of contributions from divested properties, and the depreciation of regional currencies against the Singapore Dollar.
Despite the weak performance, MLT boasted a high portfolio occupancy of 96.2% and also registered a positive rental reversion of 5.1%.
The REIT manager was also active in capital recycling, divesting 14 properties in FY2025 that were older and had limited redevelopment potential.
In the same fiscal year, MLT acquired three properties in Malaysia and Vietnam.
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Disclosure: Royston Yang owns shares of DBS Group, Singapore Exchange Limited and iFAST Corporation.
