Top Highest-Yield Dividend Stocks in Singapore: 2026 October Edition
Updated: 28 Jul 2026
Written bySingSaver Team
Team
⚡ Quick Answer
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The information on this page is for educational and informational purposes only and should not be considered financial or investment advice. While we review and compare financial products to help you find the best options, we do not provide personalised recommendations or investment advisory services. Always do your own research or consult a licensed financial professional before making any financial decisions.
Building a stream of passive income remains the “holy grail” for many Singapore investors. But as we move through 2026, the income investing landscape has changed significantly.
After two years of elevated interest rates, falling yields on low-risk instruments are pushing investors back toward equities, particularly dividend stocks and Singapore REITs (S-REITs), where yields now offer a meaningful premium over cash alternatives.
With inflation moderating and interest rates stabilising, dividend investing is once again back in focus.
What Are Monthly Dividend Stocks?
Monthly dividend stocks are equities or funds that pay shareholders a dividend every month — 12 times a year — rather than the usual quarterly or semi-annual schedule. These stocks are particularly attractive for income-seeking investors who want consistent cash flow, whether for retirement, reinvestment, or everyday expenses.
While rare in Singapore’s market, several Singapore-listed REITs and trusts, as well as international stocks available through local brokerages, offer monthly dividend payouts.
» MORE: What is dividend investing, and how does dividend investing work?
Pros and cons of dividend stocks
Before jumping in, it’s important to understand the benefits and trade-offs of dividend investing.
Pros
Regular income, especially with monthly dividend stocks
Potential for compounding via dividend reinvestment
Often more stable companies with reliable cash flow
Lower volatility compared to growth stocks
Cons
Dividend income is taxable in some jurisdictions (though not in Singapore)
High dividend yields can sometimes signal financial distress
Dividend stocks may underperform growth stocks in bull markets
Payouts are not guaranteed and can be reduced or cut
Decision Guide
Why Dividend Stocks Now?
Below are widely followed Singapore dividend names based on consensus forecasts and recent analyst commentary.
*Dividend yields and stock data mentioned in this article are accurate as of the time of writing but are subject to change. Stock prices and dividend yields fluctuate minute-by-minute based on market conditions. Readers are strongly advised to verify the latest figures through reputable financial institutions or brokerage platforms before making any investment decisions.
| Company | Ticker | Expected Yield (FY2026)* | Focus Area |
|---|---|---|---|
| DBS Group | D05.SI | ~5.6%–6.0% | Banking & Wealth Management |
| OCBC Bank | O39.SI | ~4.5%–5.0% | Banking & Insurance |
| CapitaLand Ascendas REIT | A17U.SI | ~6.0%+ | Logistics & Tech Infrastructure |
| Frasers Centrepoint Trust | J69U.SI | ~5.5%–6.0% | Suburban Retail |
| Mapletree Industrial Trust | ME8U.SI | ~6.0%–6.6% | Data Centres & Industrial |
*Yields are forward estimates and vary with market price.
The “Big Three” Banks
Singapore’s banking sector remains a cornerstone of dividend investing thanks to strong capital buffers and diversified earnings.
DBS Group (D05)
DBS continues to lead among Singapore banks in dividend yield, with forward yields near ~5.6%–5.9% based on consensus estimates.
Even as net interest margins soften with lower rates, analysts expect wealth management and regional growth to help support payouts.
OCBC Bank (O39)
OCBC remains attractive for income investors seeking stability rather than maximum yield. The bank maintains a disciplined dividend policy and strong capital position, with payouts typically around a ~50% earnings payout framework.
Best Online Brokerages Singapore 2026
Compare fees, features, and platforms to choose the right brokerage for your investing style.
The Resilient S-REITs
Frasers Centrepoint Trust (J69U)
A pure-play suburban retail REIT, Frasers Centrepoint Trust benefits from resilient domestic consumption and stable footfall in heartland malls. Suburban retail assets historically demonstrate defensive rental income during economic cycles.
CapitaLand Ascendas REIT (A17U)
Singapore’s largest industrial REIT continues shifting toward logistics, high-specification industrial properties, and data-centre-linked assets — sectors benefiting from digitalisation and AI demand.
Mapletree Industrial Trust (ME8U)
Exposure to global data centres and advanced industrial facilities positions MIT within long-term structural growth themes. Several analysts highlight yields above 6% following recent market pullbacks.
Dividend stocks vs dividend ETFs
For investors who prefer diversification with less monitoring, dividend ETFs can provide broad exposure.
| Feature | Individual Stocks | Dividend ETFs (e.g., Lion-Phillip S-REIT ETF) |
|---|---|---|
| Effort | High (monitor earnings) | Low |
| Risk | Company-specific | Diversified |
| Yield | Potentially higher (5–6%+) | Moderate (~4.5%–5.5%) |
| Diversification | Limited | Broad sector exposure |
Dividend ETFs reduce the risk of “yield traps” caused by deteriorating fundamentals in a single company.
How to buy dividend stocks in Singapore
Individual dividend stocks
To buy individual dividend stocks, you’ll need a brokerage account with access to the Singapore Exchange (SGX) or international markets.
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Step 1: Open a brokerage account
Choose a MAS-regulated platform like Webull, Moomoo, or DBS Vickers. Ensure your selected broker supports access to SGX and/or US/Canada exchanges.
Before You Compare
Confirm MAS regulation
Choose a MAS-regulated platform to safely trade SGX and international stocks.
Check market access coverage
Confirm your broker supports SGX and/or US/Canada exchanges for your target stocks.
Watch for forex mark-ups
Funding foreign trades via SGD conversion often carries a forex mark-up fee.
Check minimum deposit requirements
Some brokers need no minimum deposit; others need S$2,000+ for promo rewards.
Webull Singapore
- One-stop investment hub for US, SG, HK, and China-A markets
- Diverse tradable products: Stocks, ETFs, Options, Mutual Funds, Bonds, REITs, Futures & more
- Transparent, competitive pricing: 0 platform fees on US/HK/China-A trades, true $0 fees for US stock trading, USD0.55/contract for US Options, and 0 commission* on SG Stocks & REITs.
- Clean and intuitive platform that lets you act on opportunities instantly
- Smart tools and clear signals with insights that count
- 24-hour US trading to seize opportunities anytime
- Fractional shares trading available from as low as USD1
- Earn up to 4.18%^ 7-Day USD yield (p.a.) on your idle cash with Moneybull
- Dynamic and Fixed Regular Savings Plan (RSP) for recurring US stock, ETF, and mutual fund investing
- 24/5 live customer service on trading days (Instant message, email, and hotline)
- Fast account opening, deposits and withdrawals.
- Tap into the Global Webull community with 50+ million downloads in 14 operating markets
- A leading Nasdaq-listed broker, Licensed and Regulated by MAS.
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
SingSaver’s Take
Webull is a popular choice among tech-savvy investors who want low-cost access to US markets. With commission-free trading on US stocks — including monthly dividend favourites like Realty Income (O), STAG Industrial (STAG), and Pembina Pipeline (PBA) — Webull makes it easy to build an income-generating portfolio from Singapore. The mobile-first platform also offers advanced charts and real-time data, making it appealing for both beginners and more experienced traders.
Pros and Cons
Pros
Commission-free trading on US stocks and ETFs
Easy access to high-yield monthly dividend stocks mentioned in the article
Intuitive app with customisable charts and tools
No minimum deposit required
Cons
Limited access to SGX-listed stocks (not ideal if you want Singapore dividend REITs)
No access to the Lion-Phillip S-REIT ETF or other local ETFs
Customer support and funding methods may feel less localised for Singapore users
SingSaver x Webull Exclusive Offer
Open a Webull account and fund a minimum of SGD3,000 to receive S$110 Cash. Fund SGD10,000 to get S$250 Cash, S$50 eCapitaVoucher + Samsung Galaxy Buds4 Pro (worth S$349) (total worth S$399), or 13k Max Miles by Heymax (worth S$234). Or, top up from as low as S$35 to get a Dyson Purifier Cool™ Gen 1. Valid till 11 October 2026. T&Cs apply.
moomoo SG
- 5-second Account Opening with Singpass
- $0^ commission — US stocks and ETFs for life, US options (6 months), SGX stocks (first year) and HK stocks (30 days)
- 6 global markets — SG, US, HK, CN, KR & JP in one account
- Free Level 2 data — Deeper market insights across US/SG/KR
- Your AI Trading Copilot: 24/7 AI assistant to analyze, screen, strategize and trade in one conversation; 14-dimension stock screener and curated Investment Themes.
- Pro-level Options Suite: 13 options strategies, full options chains, Strategy Builder, price calculator—backed by free online courses and offline workshops.Unlock up to 3× yield on Sell Put strategies.
- Your SG Market Edge: One account for SG Stocks, S-REITs, Structured Warrants and DLCs — with top dividend trackers, company financials and real-time market signals.
- Top-Performing Funds, $0^ Fees: moomoo-curated, 6P-screened from $0.01, set idle cash to work with SmartSave, and automate recurring investments with DDA RSP. Build wealth effortlessly, on autopilot.
- Institutional Tracking & Smart Execution：Real-time 13F holdings (Berkshire, Bridgewater, BlackRock) + SG institutional flows, with 13 order types to act automatically.
- Regulated by MAS
- Moomoo store available at 313@Somerset, Jem, Bugis and Parkway Parade.
- Platform fees apply for every trade
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
SingSaver’s Take
Moomoo is a versatile trading platform that offers broad market access, covering SGX, US, Hong Kong, and more, making it an excellent choice for investors seeking both Singapore monthly dividend stocks like Parkway Life REIT and international names such as Realty Income (O) or Manulife US REIT (BTOU). Its user-friendly app includes real-time quotes, advanced charting, research tools, and screener filters geared for dividend seekers.
Pros and Cons
Pros
Access to SGX, US, HK markets under one account—ideal for building a mixed dividend portfolio
Commission-free trades (US/HK markets) and competitive SGX fees
In-app screening tools to filter for monthly dividend yields, payout history, and more
Real-time Level 2 data and customisable charting are ideal for research
Cons
Forex mark-ups apply when funding for US/HK trades (via SGD conversion)
Limited access to some local ETFs like Lion-Phillip S‑REIT
Occasional delays in market data for SGX during peak hours
SingSaver x moomoo Exclusive Offer
Open a Moomoo account and fund a minimum of S$2,000 to get S$130 Cash via PayNow, S$140 Grab Vouchers or 8,000 Max Miles by HeyMax. Valid till 1 November 2026. T&Cs apply.
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Step 2: Fund your account
Transfer SGD or foreign currency to your brokerage account via FAST, PayNow or bank transfer.
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Step 3: Research and select your stock
Use tools like SGX Stock Screener or Yahoo Finance to compare dividend yield, earnings history, and payout frequency.
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Step 4: Place your order
Search the stock symbol, select quantity, and choose your order type (market or limit order). Confirm the trade.
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Step 5: Monitor your dividends
Track payout dates and reinvest if desired. Many brokerages offer dividend reinvestment programmes (DRIPs).
» MORE: How to buy, trade and invest in stocks in Singapore
Dividend ETFs
Dividend ETFs pool investor capital to invest in a diversified portfolio of dividend-paying stocks. A significant advantage of many dividend ETFs is their commitment to monthly payouts, providing investors with a predictable and consistent income stream.
Beyond the appeal of frequent distributions, dividend ETFs offer a crucial benefit: broader diversification. Instead of investing in individual dividend stocks, which inherently carry company-specific risks, an ETF provides exposure to a diversified portfolio of companies across various sectors and industries. This makes dividend ETFs a more robust and potentially less volatile option for investors.
» MORE: What are ETFs?
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Step 1: Choose your ETF
When selecting a dividend ETF, take time to understand what’s inside the fund. The right choice depends on your income goals, risk tolerance, and whether you want global exposure or a focus on specific markets.
As you evaluate your options, check the fund’s:
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Dividend yield and payout frequency (monthly or quarterly)
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Geographic and sector diversification
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Expense ratio, which affects your returns over time
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Track record of dividend growth or consistency
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Step 2: Open a brokerage account
Opt for MAS-regulated platforms such as uSMART, Longbridge, or Moomoo. Confirm that your chosen broker offers access to SGX and/or US/Canada exchanges.
uSMART
- Trade US Stocks and ETFs at only S$0.88 per order. T&Cs apply.
- Access stocks, but also options, CFDs (including stocks, forex, gold/silver, crypto), and Crypto ETFs.
- US Stocks: Lifetime $0 commission, with a fixed platform fee of $1 per transaction.
- Options: Lowest fees at $0.50 per contract. For premiums less than $0.10, the commission is only $0.10 per contract.
- CFDs: 0 commission, with spreads starting as low as 0.27 points for Gold CFDs.
- Free and interactive learning materials, videos and features to help new investors embark on their investment journey
- Platform fees apply for every trade
SingSaver’s Take
uSMART SG gives you access to SGX, US and HKEX stocks from a single mobile-first app, making it easy to hold both S-REITs and US monthly dividend payers like Realty Income (O) in one account. US stocks come with $0 commission (a platform fee applies per order), and SGX commissions start from 0.02% of trade value. With no minimum deposit and fractional US shares from about US$1, it suits investors who want to build dividend positions gradually.
Pros and Cons
Pros
$0 commission on US stocks and ETFs
No minimum deposit to open an account
Fractional US shares from about US$1, useful for dollar-cost averaging into dividend names
SG, US and HK markets in one account, with real-time US market data in-app
Cons
Custodian model, so SGX shares are not held in your own CDP account
Platform fees apply on every trade
SGX trades carry a tiered commission rather than zero commission
SingSaver x uSmart Exclusive Offer
Get an up to S$170 cash, $190 eCapitaVoucher, or 8,000 Max Miles by Heymax (worth S$162)when you apply and get approved for a uSMART account and fund a minimum of S$1,000. Valid till 11 October 2026. T&Cs apply.
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Step 3: Execute your trade
Search the ETF symbol, enter quantity, place the order and review confirmation.
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Step 4: Track and reinvest
Monitor distributions and choose whether to receive cash or reinvest them automatically.
Longbridge
- Lifetime commission-free trading for US, SG and HK stocks
- Supports stocks, REITs, ETFs, HK warrants, CBBCs, US options, and mutual funds across the SG, US, and HK markets
- Enjoy free access to HKEX and SGX real-time Level 1 quotes
- Offers 24-hour trading in the U.S. markets
- Open a trading account in just 3 minutes via MyInfo with Singpass
- Licensed by the Monetary Authority of Singapore (MAS)
- Mobile, web, and desktop trading platforms available
- LongbridgeAI – built-in AI assistant for stock research, screening and portfolio analysis
- World's first pre-market US options trading (4:00am – 9:30am ET)
- Read our full review of Longbridge
- Platform fees apply for every trade
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
SingSaver's Take
Longbridge offers lifetime commission-free trading on US, SG and HK stocks (platform fees apply), covering stocks, REITs, ETFs and mutual funds. You can hold SGX dividend picks like Frasers Centrepoint Trust (J69U) and CapitaLand Ascendas REIT (A17U) alongside US names like Realty Income (O) under one roof. Free real-time Level 1 SGX quotes make it easy to keep an eye on S-REIT prices and yields, and you can open an account in minutes via Singpass MyInfo.
Pros & Cons
Pros
Lifetime commission-free trading on US, SG and HK stocks
Supports stocks, REITs, ETFs and mutual funds across three markets
Free real-time SGX and HKEX Level 1 quotes
Quick account opening via Singpass MyInfo, plus 24-hour US trading
Cons
Custodian model, so SGX shares are not held in your own CDP account
Platform fees apply on every trade
No access to Australian, Japanese or European markets
SingSaver x Longbridge Exclusive Offer
Get S$388 Cash, S$420 Grab Vouchers, or an Apple Watch SE Gen 3 40mm (GPS) (worth S$349) + S$50 eCapitaVoucher Bundle (total worth S$399) when you apply and get approved for a Longbridge SG account, fund a min. of S$2,000, make at least 1 trade and maintain the assets for 30 days from the day after meeting the deposit criteria. Valid till 11 October 2026. T&Cs apply.
Recommended dividend stocks
If you're confident picking individual stocks, monthly dividend-paying REITs in Singapore offer a more hands-on approach to building a recurring income stream.
Here are two monthly dividend stocks that stand out in 2025:
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Frasers Centrepoint Trust (J69U.SI): Frasers Centrepoint Trust owns a portfolio of well-known suburban malls in Singapore, such as Causeway Point and Northpoint City. These properties enjoy high foot traffic and resilient rental income, even during economic downturns.
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Keppel DC REIT (AJBU.SI): Keppel DC REIT focuses on data centre properties across Asia-Pacific and Europe. It benefits from structural growth in digital infrastructure, with long lease agreements and strong tenant profiles.
Recommended dividend ETFs
Dividend exchange-traded funds (ETFs) offer a straightforward, diversified way to access monthly income without the need for in-depth stock selection. These funds often focus on REITs or dividend-focused equities, offering a more balanced risk profile.
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SPDR S&P Global Dividend ETF (WDIV): A homegrown ETF providing targeted exposure to high-yielding Singapore REITs. It tracks the Morningstar® Singapore REIT Yield Focus Index, selecting REITs based on liquidity and yield stability.
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iShares Select Dividend ETF (DVY): This globally diversified ETF includes companies with a history of consistent dividend growth, offering exposure across developed and emerging markets.
Discover the Best CFD Brokers in Singapore
Check through fees, leverage, platforms and exclusive offers to find the CFD broker that fits your trading style and risk appetite.
Frequently asked questions about top monthly dividend stocks in Singapore
Very few. Most Singapore-listed stocks pay quarterly or semi-annually. However, certain REITs like Manulife US REIT provide monthly payouts.
It depends. Monthly dividends offer smoother cash flow but don’t necessarily indicate higher overall returns.
Singapore does not tax dividends from locally-listed stocks. Foreign-sourced dividends may be taxed depending on the jurisdiction.
The S-REIT sector is trading around ~0.9x price-to-book, suggesting valuations are close to fair value after the 2022–2024 rate shock.
Analysts expect gradual dividend growth as refinancing costs stabilise over the next two years.
Yes, many brokerages offer dividend reinvestment plans (DRIPs), especially for SGX-listed stocks.
About the author
SingSaver Team
At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.