Blue chip stocks are key to a strong investment portfolio, offering stability and reliable dividends. In Singapore, top blue chips include DBS Group, Singtel, OCBC Bank, CapitaLand, and Keppel Corporation, known for their strong market positions and consistent dividend yields across various sectors.
With Singapore’s Budget 2024 expected to boost 13 STI constituents across six sectors, many blue chips are well-positioned for growth. DBS Group Holdings LTD is often considered one of the most stable companies and the safest blue chip stock due to its solid financials, robust earnings, and steady dividends.
This article highlights the 10 best blue chip stocks with high dividend yields in Singapore, offering both long-term stability and attractive returns for investors.
Why Do People Invest in Singapore Blue Chip Stocks?
In Singapore, traders are attracted to blue-chip stocks for several key reasons. Blue-chip stocks are ideal for generating passive income due to their stability and lower volatility compared to other stocks, allowing investors to rely on consistent dividends over time.
Additionally, blue-chip companies possess vast resources, offering significant growth potential. Investing in these companies can help stabilize a portfolio, providing long-term financial security.
These stocks are considered low-risk investments, as they belong to well-established companies with strong reputations, capable of weathering economic downturns.
Furthermore, blue-chip stocks offer investors an opportunity to diversify their portfolios, providing exposure to new markets with minimal risk.
10 Best Blue Chip Stocks Singapore To Invest in With High Dividends
Stock Name | Trading Code | Dividend Yield
(09-11-2024) |
Share Price
(as of writing) |
Notable Features |
CapitaLand Investment | CLI | 4.26% | S$2.82 | Presence in 200 countries; major developer in Singapore and China |
Singapore Airlines | C6L | 7.57% | S$6.35 | National airline with high dividend payout and KrisFlyer program |
Hong Kong Land Holdings | H78 | 5.85% | S$3.76 | Focus on commercial and residential properties globally |
Thai Beverage Public Company Limited | Y92 | 4.22% | S$0.53 | Well-known for Chang Beer, strong balance sheet |
DBS Group | D05 | 5.65% | S$37.20 | One of Singapore’s largest banks with diversified financial services |
Keppel DC REIT | AJBU | 4.13% | S$2.16 | Investment in high-quality, lower-risk assets |
SingTel | Z74 | 4.56% | S$3.29 | Leader in telecommunications, investing in AI, 5G |
ComfortDelGro | C52 | 4.92% | S$1.48 | Leader in transport sector with vast fleet |
Sheng Siong | OV8 | 4.27% | S$1.50 | Largest supermarket chain in Singapore |
OCBC | 39 | 5.67% | S$15.15 | One of the largest banks in Southeast Asia, known for financial strength |
Singapore Airlines (C6L) currently offers the highest dividend yield at 7.57%, followed by Hong Kong Land Holdings (H78) with 5.85%, and OCBC (039) at 5.67%. These blue chip stocks provide strong dividends, making them attractive options for income-focused investors.
1. CapitaLand Investment (CLI)
CapitaLand is one of Singapore’s biggest companies with holdings in industrial and logistical properties, urban development, commercial, retail, and more. They have a presence in more than 200 countries, and their major operations are in Singapore and China while expanding their holdings beyond the Asia Pacific and into Australia, Europe, and the USA.
CapitaLand Investment is one of Singapore’s primary developers with numerous contracts alongside the Singapore government. They’ve also developed most shopping malls in Singapore. Whenever you see Funan Mall, Bedok Mall, or CapitaLand’s logo, it’s part of CLI.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 4.24% | S$0.12 |
2023 | 4.24% | S$0.12 |
2022 | 5.32% | S$0.15 |
Trading Code: CLI
Latest Dividend Yield: 4.26% on 09-11-2024
Share Price: S$2.820 as of writing
Products/Service Portfolio:
- Capitaland Commercial Trust (such as Ascott Residence Trust, etc.)
- Capitaland Mall Trust (such as Funan Mall and Bedok Mall)
- Business parks
- Integrated development
- Urban development
- Lodging
- Residential
2. Singapore Airlines/SIA (C6L)
Singapore’s national airline is one of the most recognizable brands inside and outside the country because of its excellent service and nearly-perfect track record in the aviation industry. Thus, many investors always look forward to its high-yield dividend portfolio and issuance of steady dividends per year.
Aside from flights, SIA is well-known for its KrisFlyer Miles program and KrisPay system, which are great conveniences to passengers.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 5.98% | S$0.38 |
2023 | 5.98% | S$0.38 |
2022 | 1.57% | S$0.1 |
Trading Code: C6L
Latest Dividend Yield: 7.57% on 09-11-2024
Share Price: S$6.35 as of writing
Products/Service Portfolio:
- KrisFlyer
- KrisPay
- Singapore airport operations
3. Hong Kong Land Holdings (H78)
Hong Kong Land Holdings manages and develops properties in its home country, Macau, Mainland China, Beijing, Jakarta, and other parts of the world. Its primary focus is commercial, investment, and development properties. Alternatively, it has holdings in residential properties around the globe.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (USD) |
2024 | 5.85% | US$0.22 |
2023 | 5.85% | US$0.22 |
2022 | 5.85% | US$0.22 |
2021 | 5.85% | US$0.22 |
Trading Code: H78
Latest Dividend Yield: 5.85% on 09-11-2024
Price Per Share: S$3.760 as of writing
Products/Service Portfolio:
- Office and commercial properties
- Luxury retail and commercial properties in various countries such as Raffles City and Marina Bay Financial Centre (MBFC)
- Residential properties
4. Thai Beverage Public Company Limited (Y92)
ThaiBev is one of the biggest blue-chip companies well-known for Chang Beer. The company has a stable payout for its penny stocks, making it popular in its home stock market and as part of a portfolio of Singapore stocks. ThaiBev has expanded from its primary beverage business into food manufacturing and processing, distribution, and beyond. Their activities guarantee a strong balance sheet and excellent dividend yield, making it a favorite among investors.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (THB) |
2024 | 4.39% | THB0.6 |
2023 | 4.39% | THB0.6 |
2022 | 3.66% | THB0.5 |
2021 | 3.73% | THB0.51 |
Trading Code: Y92
Latest Dividend Yield: 4.22% on 09-11-2024
Price Per Share: S$0.530 as of writing
Products/Service Portfolio:
- Food manufacturing and processing industry
- Drink manufacturing, processing, and distribution
5. DBS Group (D05)
DBS Group is one of Singapore’s biggest industries because of its expansive banking categories. It currently covers retail, corporate, investment, mortgage, and investment banking, making it a huge aspect of any business’s foray into commercial and integrated developments year on year.
These facts make DBS Group one of Singapore’s most important blue-chip stocks. While its share price is fairly high with almost zero price action, it’s one worth getting whether you’re into penny stocks or not.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 4.35% | S$1.62 |
2023 | 6.18% | S$2.3 |
2022 | 3.87% | S$1.44 |
2021 | 2.74% | S$1.02 |
Trading Code: D05
Latest Dividend Yield: 5.65% on 09-11-2024
Price Per Share: S$37.20 as of writing
Products/Service Portfolio:
- Retail banking
- Corporate banking
- Investment banking
- Mortgage loans
- Private banking
- Wealth management
- Credit cards, finance, and insurance
6. Keppel DC REIT (AJBU)
Keppel DC REIT is a Singapore-based property investment company with a portfolio of office, retail and residential properties in Singapore and Australia. The company invests in various real estate-related assets, including office buildings, residential buildings, and shopping malls.
As of 2021, Keppel DC Reit’s strategy is to invest in high quality, lower risk assets with attractive cash flow and capital growth prospects and target annual returns of 4-6% with a capital preservation focus. Plus, the objective of the Keppel DC Reit 2021 strategy is to provide investors with stable, regular dividend income.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 4.11% | S$0.089 |
2023 | 4.73% | S$0.102 |
2022 | 3.96% | S$0.086 |
2021 | 5.16% | S$0.111 |
Trading Code: AJBU
Latest Dividend Yield: 4.13% on 09-11-2024
Price Per Share: S$2.16 as of writing
Products/Service Portfolio:
- Data centres for rent in South East Asia and beyond
- Residential properties
- Offices and other corporate properties
- Shopping malls
7. SingTel (Z74)
Singapore Telecommunications Limited, or SingTel, is a leading telecommunications and digital services company in Asia, employing over 14,000 people across Singapore, Malaysia, Australia, and several other countries. With an extensive fiber optic network and international roaming agreements, SingTel has a strong global presence.
Although Singtel’s net profit dropped by 64% to SGD 795 million due to non-cash impairment charges, its underlying net profit increased by 10%, reaching SGD 2.26 billion as reported in May 2024. SingTel plans to invest in areas like cybersecurity, healthcare, AI, and 5G to stay competitive in the evolving digital economy.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 2.39% | S$0.079 |
2023 | 3.94% | S$0.13 |
2022 | 3.61% | S$0.119 |
2021 | 2.09% | S$0.069 |
Trading Code: Z74
Latest Dividend Yield: 4.56% on 09-11-2024
Price Per Share: S$3.29 as of writing
Products/Service Portfolio:
- Mobile. Phones & More. SIM Only Plus Plans
- Residential and industrial internet
- TV Packages
- Devices & Gadgets including accessories and wearables
- Lifestyle & Services, insurance
- Singtel Cafe
8. ComfortDelGro (C52)
ComfortDelGro is a strong player in the transport industry. In 2021 they have a great fleet of vehicles and an enormous workforce dedicated to the company. Their network of vehicles spans Singapore, New Zealand, Australia, Malaysia, and Indonesia. It has a fleet of over 12,500 vehicles with a network of 3,700 vehicles worldwide.
In 2022, ComfortDelGro has a mix of physical assets and intangible assets. The company owns about 1,000 buses and coaches in Singapore that serve different routes, which is a tangible asset. The company also has a website that advertises services and a customer call center that serves customers, which are intangible assets.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 4.92% | S$0.073 |
2023 | 4.81% | S$0.071 |
2022 | 4.30% | S$0.064 |
2021 | 2.39% | S$0.035 |
Trading Code: C52
Latest Dividend Yield: 4.92% on 09-11-2024
Price Per Share: S$1.480 as of writing
Products/Service Portfolio:
- Singapore public transport including taxis, auto engineering, inspections, and testing
- Car rental and leasing and driving centers
- Bus, rail, commuter, taxi, and coach rental
- Vehicular advertising services
9. Sheng Siong (OV8)
Sheng Siong started as a humble provision shop in 1963 and has grown to be the largest multi-format supermarket in Singapore. The company has a market capitalization of S $4.6 billion and operates the Sheng Siong supermarket chain and the Sheng Siong Express convenience store chain.
In 2022, Sheng Siong will have a total of three more new supermarkets. They will have a total of 45 supermarkets in Singapore by 2021. The company also plans to build a new warehouse on a vacant site on the city’s outskirts, which they will use to centralize their distribution centers.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 4.27% | S$0.064 |
2023 | 4.08% | S$0.061 |
2022 | 4.17% | S$0.063 |
2021 | 4.07% | S$0.061 |
Trading Code: OV8
Latest Dividend Yield: 4.27% on 09-11-2024
Price Per Share: S$1.500 as of writing
Products/Service Portfolio:
- Live and fresh produce
- Groceries and perishable goods
- General trading and wholesale import and export
10. Overseas-Chinese Banking Corporation Limited (OCBC)(039)
Overseas-Chinese Banking Corporation Limited (OCBC) is one of the largest and most established banks in Southeast Asia, offering comprehensive financial services. The bank is known for its strong financial performance, robust risk management, and a commitment to customer service. In 2024, OCBC reported a net profit of SGD 1.98 billion, showing resilience in a competitive market.
Dividend Yield to Date:
Year | Dividend Yield | Dividend (S$) |
2024 | 5.68% | S$0.86 |
2023 | 5.28% | S$0.8 |
2022 | 3.70% | S$0.56 |
2021 | 2.7% | S$0.409 |
Trading Code: 039
Latest Dividend Yield: 5.67% on 09-11-2024
Price Per Share: S$15.15 as of writing
Products/Service Portfolio:
- Retail Banking
- Wealth Management
- Corporate Banking
- Investment Banking
- Treasury and Brokerage Services
- Insurance (through subsidiary Great Eastern)
- Global Markets Services
How Can I Invest in Blue Chip Stocks?
If you’re ready to start investing, just follow these five simple steps
Step 1: Set Up Your CDP Account
Investors need to set up their Central Depository accounts (CDP), which store their stocks. If you already have a bank account, you’ll need to head straight to SGX, submit all their required documents, and you’ve got your CDP account ready to go.
Step 2: Open Your Brokerage Account
Brokerage accounts make it much easier to apply today than in the previous years. Singapore has a wide variety of local and international brokerage accounts. Each of them will require you to download their app and submit supporting documents during your application.
Step 3: Purchase Your Singapore Blue Chips in the Singapore Exchange
Your brokerage account allows you to purchase stocks and other assets you can find on Singapore Exchange. Ensure that you deposit enough cash to purchase the BCs you want to include in your portfolio.
Remember that investments carry risks, so be mindful of stock market volatility, whether you’re buying Singapore blue chips or other stocks. It’s important to find an optimal buying price and hold your investments for a substantial period to benefit from dividends and capital gains.
Step 4: Monitor and Evaluate Your Blue Chip Stock Portfolio Performance
Always observe your portfolio’s performance. While BC price action always heads upwards due to their resilience and the market’s confidence in them, you might see drops that can affect your current long or short positions. Avoid losses by always evaluating your portfolio regularly.
Our Final Thoughts
Singapore’s economy plays host to its best and finest companies. Investing in its blue-chip companies guarantees that you’ll always have an excellent payout in both dividends and trades.
- Blue-chip companies guarantee stability thanks to their low price action and consistent growth.
- Most of Singapore’s excellent BCs invest in residential, commercial, and industrial properties to simultaneously generate growth and stability.
- Each of our chosen BCs has relatively high share prices, so make sure you have enough cash to invest in them once you open your CDP and brokerage accounts.
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