Singapore SGX stock exchange provides many good high yield dividend stocks and good real estate investment trusts (REITs) with 4% to 12% dividend yields.
With these kinds of dividend yields, you can potentially create a portfolio of dividend stocks that provides an income to
- provide cash flow to supplement your current take home income from your job
- distribute cash flow for your retirement
- accumulate wealth assets to build towards your financial goals
This is why I created my Dividend Stock Tracker to track dividend stocks.
The objective is to have a way of broadcasting and informing you what are the prevailing yields for some of the high dividend yielding stocks in Singapore.
You can bookmark or have my Dividend Stock Tracker as an open tab in your Mobile Web Browser
If you bookmark the Dividend Stock Tracker or have it on frequently, you will be able to know what is the estimated dividend yield of the stock based on the latest prices of the dividend stock.
This is so that you can
- Spot the opportunity to buy a dividend stock which has a good business profile, that was previously expensive but now more attractive
- Compare a dividend stock or a REIT’s debt leverage, dividend yields, price to book against its peers so that you can instantly find out which is more expensive which is more cheap
The Base Currency is Singapore Dollars but….
The currency is predominantly priced in Singapore dollars.
However, stocks that are reported in other currency for example Fortune REIT in Hong Kong dollars the ratios and revenues are recorded in Hong Kong dollars.
How frequent is the Dividend Stock Tracker updated?
The prices are not real time.
The prices are updated at the end of each trading day at 7.00 – 8.00 pm.
When you invest for dividend yield, you don’t really have to track in real time.
Unless the stock price changes in 20% in one day, the yields and the underlying fundamentals don’t change that much
Update of dividend declared
The dividends declared will be updated every quarterly.
This is because in Singapore, company release their results quarterly. If there is a dividend declared, we will only know it on a quarterly basis. Once we see it we update it.
Update of profits, balance sheets and cash flows
Profits, balance sheets and cash flow data will be updated annually.
This is to correspond to annual full year earnings announcements.
Thus, viewers may see sometimes that earnings and free cash flow yield to be much smaller or bigger than dividend yield. This may be due to a record good year last year which is likely not to be repeated this year.
What are the criteria of the stocks that will get on the Dividend Stock Tracker?
The criteria are not very fix. They are based on my analysis of the industry group and stocks operating environment:
- In an industry that are defensive
- Business model or economic model generates operating cash flow consistently
- Consumer staples and services used even when times are bad
- In an industry that are currently or in the future would enjoy a monopoly or oligopoly that have pricing or market advantage over competitors
- Due to government regulation they enjoy prolong advantages
How to make use of Dividend Stock Tracker
Daily change in Dividend Yield
Wouldn’t it be good to have a consolidated view of all Singapore dividend stocks, their daily price change, and how their historical dividend yields change due to the price changes?
The main page will show the dividend stocks and their price changes. The dividend and dividend yield columns will display the historical dividend declared and the yield based on current price.
Identify Dividend Paying Periods (Ex Dividend) and Estimated Amount
A dividend stock’s ex dividend date is important because if you buy it before this date, you are eligible to get the dividend declared recently. Post this date, you are not eligible.
Investors can go to SGX.com > Company Disclosure > Corporate Actions and find the stocks’ dividend history.
At my dividend stock tracker. I will try to do the hardwork by showing the past year’s ex dividend dates. You can then forecast whether you should take notice of the stocks in anticipation of getting in for the dividends.
Alert: The dates and amount is based on historical declaration. Dividends are discretionary and a company can change their dividend policy readily. Use it as a guide not that you will definitely get it.
Simply click on the dividend stock and hold your mouse cursor still. You will see a detail description of the dividend stock.
At the bottom there will be two information, computed dividend and ex dividend dates and its corresponding amount. Some stocks may not distribute uniformly (some quarters are larger than other quarters) so that is why i have a computed dividend to tell users how i come up with my dividend figures.
Good Resources for Learning about the Financial Metrics behind finding Good Dividend Income Stocks
The dividend yield is not the only metric to focus upon.
If you want to create a portfolio of dividend stocks, you have to learn to do it the right way.
The first step is to get educated. Here are some resources that may be helpful.
Viewers will see typically 3 kinds of yields on the stocks i screen. Earnings yield, Dividend payout Yield and Free Cashflow Yield. What is the difference between the 3 of them? Which one is better for dividend yield stock analysis?
How do you value a stock with predictable cash flow against another? Here we show you.
Free Cash Flow for dividend stocks are as important as earnings in telling you if the dividends are sustainable or whether the stock can actually payout more
High dividend yield is not always ideal. What matters more is the sustainability of dividends in the long run.
Do not get blindsided by high dividend yield or capital gains. Total return matters.
In this article, we assess the sustainability of dividends using free cash flow, free cash flow margin and dividend payout of free cash flow.