Looking to build a steady stream of passive income? Here are the top monthly dividend stocks in Singapore for 2025 that could help make that happen.

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?

Before jumping in, it’s important to understand the benefits and trade-offs of dividend investing.

CapitaLand Ascendas REIT (A17U.SI)

Singapore’s largest business space and industrial REIT, with a diversified portfolio across business parks, logistics and data centres. Revenue has remained resilient, supported by strong occupancy rates. Its forward dividend yield is reported as 5.15%-9.56%, with recent dividend payments showing some fluctuation. Market outlook is favourable, especially with demand for logistics and data space continuing to rise.

Parkway Life REIT (C2PU.SI)

This REIT owns healthcare-related assets including hospitals and nursing homes. Revenue has been stable with long master lease agreements in place, and it is forecast to grow earnings and revenue by 9.2% and 4.9% per annum, respectively. As one of the most stable REITs in the region, it benefits from Singapore’s ageing population and long-term healthcare trends.

Frasers Centrepoint Trust (J69U.SI)

Focused on suburban retail malls in Singapore, FCT enjoys high footfall and recurring rental income. Operating profits have recovered post-COVID. With an approximate 5.5%-5.6% yield, it’s a steady monthly income play, especially as consumer spending normalises.

Prime US REIT (OXMU)

Prime US REIT owns a portfolio of US office and industrial properties leased on long-term triple-net leases to investment-grade tenants. The trust offers a compelling annualised yield, paid monthly, thanks to discounted unit prices and a focus on sustainable distribution. Prime is well-positioned to benefit. With a portfolio of high-quality leases and monthly income payments, it offers an attractive option for income-focused investors.

Keppel DC REIT (AJBU.SI)

A specialist REIT with investments in data centres globally. Revenue has grown steadily with digital transformation trends, with FY 2024 results showing a 10% increase in revenue year-on-year. The yield is supported by strong margins and long-term leases. A tech-forward REIT with long-term growth potential.

Not sure whether to go with individual stocks or dividend-focused funds? Here's a side-by-side comparison.

Individual dividend stocks

To buy individual dividend stocks, you’ll need a brokerage account with access to the Singapore Exchange (SGX) or international markets.

• 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.

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.

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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.

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• Step 2: Fund your account

Transfer SGD or foreign currency to your brokerage account via FAST, PayNow or bank transfer.

• 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.

• Step 4: Place your order

Search the stock symbol, select quantity, and choose your order type (market or limit order). Confirm the trade.

• 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?

• 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:

• • Dividend yield and payout frequency (monthly or quarterly)

  • Geographic and sector diversification

  • Expense ratio, which affects your returns over time

  • Track record of dividend growth or consistency

• Step 2: Open a brokerage account

Opt for MAS-regulated platforms such as Tiger Brokers, Moomoo, or DBS Vickers. Confirm that your chosen broker offers access to SGX and/or US/Canada exchanges.

Tiger Brokers is a solid choice for investors seeking affordable access to multiple markets, including SGX, US, Hong Kong, and even Australia. It's well-suited to those building a diversified dividend portfolio, allowing investment in top monthly dividend picks like CapitaLand Ascendas REIT (A17U.SI), Frasers Centrepoint Trust (J69U.SI), Realty Income (O.US), and Pembina Pipeline (PBA.CA), all under one roof. The platform blends straightforward pricing, smart tools, and global reach.

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• Step 3: Execute your trade

Search the ETF symbol, enter quantity, place the order and review confirmation.

• Step 4: Track and reinvest

Monitor distributions and choose whether to receive cash or reinvest them automatically.

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:

• 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.

• 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.

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.

• 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.

• 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.