Top Singapore Dividend Stocks 2025: Planning your 2025 investments? Dividend stocks in Singapore are expected to deliver solid returns this year—with top companies like DBS, SIA, OCBC, and UOB offering yields up to 5.84%. This guide breaks down which dividends are tax-free, what to expect from each company, and how to maximize your passive income in the months ahead.
Taxable vs. Non-Taxable Dividends: What’s the Difference?
Before diving into which companies are paying what in 2025, it’s important to understand the two main types of dividends: taxable and non-taxable.
Non-Taxable Dividends
Good news for most investors—many dividends in Singapore are not taxed. Here’s when you don’t have to worry about the taxman:
Local Companies: If the company is based in Singapore, dividends are usually tax-free under the one-tier corporate tax system.
REITs (for individual investors): Real Estate Investment Trusts often offer tax-exempt payouts to individuals, although businesses may still need to pay tax on these.
Foreign Dividends (for companies): Singapore-resident companies that receive overseas dividends may also enjoy tax exemptions if they meet certain criteria.
 Taxable Dividends
Not all dividends are tax-free. Here are situations where tax might apply:
Foreign Companies: Dividends from companies outside Singapore, especially those not covered by a tax treaty, might be taxed.
Non-Resident Firms: If you receive payouts from a foreign company that doesn’t have local presence, withholding taxes might come into play.
Depending on Where You Live: If you’re not a tax resident in Singapore, local rules in your home country could also affect how your dividends are taxed.
Top Dividend Stocks to Watch in Singapore (2025)
Now let’s look at which companies are expected to deliver solid dividend payouts this year. Here’s a quick overview:
| Company | Dividend Yield | Price Target (SGD) | Payment Frequency |
|---|---|---|---|
| DBS Bank | 5.3% | 43.00 – 46.91 | Quarterly |
| Singapore Airlines (SIA) | 5.84% | Based on revenue | Annually |
| OCBC Bank | 4.97% | 16.10 – 20.80 | Semi-Annual |
| UOB | 5.69% | 37.50 – 40.20 | Semi-Annual |
| Singapore Exchange (SGX) | 3.71% | Based on EPS | Quarterly |
Company Highlights for 2025
DBS Bank
DBS remains one of Singapore’s most reliable dividend stocks. Here’s what to expect this year:
Dividend Yield: 5.3%
Stock Forecast: Between SGD 43.00 and 46.91
Extra Perks: A 53% increase in share issuance and bonus shares for loyal, long-term shareholders
Singapore Airlines (SIA)
Despite industry challenges, SIA is flying high with dividends in 2025:
Dividend Yield: 5.84% (highest among listed companies)
Q2 Revenue: SGD 4.75 billion
Full-Year Estimate: SGD 19.11 billion in revenue, EPS of $0.73
Special Dividend: An increase of SGD 0.50 per share for eligible investors
OCBC Bank
Known for stability, OCBC is a go-to for steady returns:
Dividend Yield: 4.97%
Stock Range: SGD 16.10 to 20.80
Assets: Over SGD 151 billion across various sectors
UOB
United Overseas Bank continues rewarding shareholders with strong returns:
Dividend Yield: 5.69%
Expected Price: SGD 37.50 to 40.20
Recent Payout: SGD 1.19 per share (April 2025)
Singapore Exchange (SGX)
Though SGX’s yield is lower than the banks, it still offers consistent income:
Dividend Yield: 3.71%
Earnings per Share: SGD 0.53
What’s Next: Investors are watching for the 1HFY2025 financial results, due February 6
$1570 CPP Increase for Retirees in April 2025
Frequently Asked Questions
1. Are dividends from Singapore companies taxed?
No, most are not taxed, thanks to the one-tier corporate tax system. But if you’re getting foreign dividends or investing as a company in REITs, check the rules.
2. Who’s giving the best dividend yield in 2025?
Singapore Airlines leads the pack with a 5.84% yield, offering great potential for income-focused investors.
3. How often do these companies pay dividends?
Quarterly: DBS, SGX
Semi-Annually: OCBC, UOB
Annually: SIA
4. What affects dividend yields?
Several things—company profits, the broader economy, market trends, and government policies can all impact how much a firm pays out.
5. Is it smart to invest in dividend-paying stocks?
Absolutely. Dividend stocks can bring in regular income and offer capital growth over time, especially if you’re looking to build long-term financial security.
