Using the TipRanks Top Singapore Dividend Stocks tool, we have shortlisted the top three companies with dividend yields of more than 5%.
SGX-listed companies Golden Agri-Resources (SG:E5H), Keppel Corporation Limited (SG:BN4), and Singapore Technologies Engineering (SG:S63) not only have higher dividend yields but also have upside potential in their share prices.
![](https://blog.tipranks.com/wp-content/uploads/2023/02/Picture-1-32.png)
This tool helps investors compare these companies on various parameters such as analysts’ consensus, target price, smart score, etc. It gives a quick and precise summary while comparing the stocks, making it easy to choose the better stock or stocks for further research.
Let’s have a look at some details.
Golden Agri-Resources (GAR)
GAR is a leading palm oil plantation company with products available in around 100 countries.
The company tops the chart in the Singapore market with a dividend yield of 7.6%. With a huge demand for palm oil globally, the company’s revenue and profitability are growing, ensuring a stable dividend payment for its shareholders. The company distributes 30% of its underlying profits as dividends.
For 2022, the company declared an interim dividend of S$0.008 per share and a final dividend of S$.0099 per share.
Golden Agri-Resources Target Price
According to TipRanks’ rating consensus, E5H stock has a Hold rating.
The average target price is S$0.31, implying an upside potential of 19.3% from the current price level.
![](https://blog.tipranks.com/wp-content/uploads/2023/02/2-39.png)
Keppel Corporation Limited
Keppel is a group company that operates in the marine, infrastructure, energy, asset management, and urban development sectors through its subsidiaries.
Keppel has a dividend yield of 5.97% as compared to its sector’s average of 1.63%. Despite having a tough time in 2022, the company declared a total dividend of S$0.33 per share, similar to the amount paid in 2021. On a year-over-year basis, the company saw a decline of 9% in its net profits of S$926.7 million in 2022.
![Application, table
Description automatically generated with medium confidence](https://blog.tipranks.com/wp-content/uploads/2023/02/3-41.png)
What is the Target Price for Keppel Corp?
BN4 stock has a Moderate Buy rating on TipRanks, based on four Buy and one Sell recommendations.
The average target price of S$9.39 suggests a huge upside of almost 70% from the current price level.
![](https://blog.tipranks.com/wp-content/uploads/2023/02/4-27.png)
Singapore Technologies Engineering (ST Engineering)
ST Engineering is a Singapore-based company that provides technology and engineering solutions to a wide range of businesses in aerospace, smart cities, defense, public security, and more.
The company is way ahead of its peers with a dividend yield of 5.04%. In 2022, the company announced a total dividend of S$0.16 per share, higher than S$0.15 paid in 2021.
![](https://blog.tipranks.com/wp-content/uploads/2023/02/5-12.png)
ST Engineering Share Price Target
According to TipRanks consensus forecast, S63 stock has a Strong Buy rating. It is based on seven Buy and one Sell recommendations.
The target price of S$4.03 is 13.3% higher than the current price level.
![](https://blog.tipranks.com/wp-content/uploads/2023/02/6-2.png)
Final Thoughts
As a value investor, if you want to boost your dividend income, these three stocks provide a good opportunity in the Singapore market. Along with higher payouts, these stocks also offer capital appreciation in their share prices.