Singaporeans love dividend stocks.

Myself included.

There’s nothing we love more than a stock that pays you a steady dividend every year, and slowly appreciates in price over time.

It’s the holy grail in Singaporean investing.

COVID-19 has decimated this industry as many companies have slashed their dividends, but I think there are still gems to be found.

In this article, let’s look at the Top 5 Singapore dividend stocks that will yield more than your CPF.

Rules for picking Singapore Dividend Stocks

Couple of rules to frame the discussion:

  • Yield more than 2.5% – The yield has to be higher than CPF-OA at 2.5%.
  • Stable yield – The focus is the dividend, so we want stocks where the dividend is stable and well supported by cash flows, and where there is little risk of a dividend cut.
  • Capital gains ideally (or at least price stability) – The icing on the cake, will