2024 Half-Year Recap | Industrial Sector Surges, FRASERS L & C Tr Records Highest Dividend Yield

$Frasers L&C Tr (BUOU.SG)$ ranks first in the list above, with a dividend yield of 7.29% TTM. However, recent financial reports show a decline in net income from SGD 118.07 million to SGD 93.59 million for the half-year ended March 31, 2024. The stock has fallen by 13.92% this year.

As Singapore's second-largest bank, $OCBC Bank (O39.SG)$ posted a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private. The group maintained its 2024 targets of low single-digit loan growth, credit costs between 20 to 25 basis points, and a 50% dividend payout ratio target. "While some recent economic indicators are looking more favourable, near-term risks remain, such as heightening geopolitical volatility arising from ongoing wars and the outcome of a number of key elections this year," said CEO Helen Wong.

$SIA (C6L.SG)$ posted a record full-year net profit and proposed a higher dividend payout in May 2024. The firm has recommended a final dividend of 38 cents a share, bringing the total payout to 48 cents a share following an interim dividend of 10 cents a share on Dec 22, 2023. The company paid out 38 cents a share in the year ending March 31, 2023. The final dividend will be paid on Aug 21, 2024, subject to shareholder approval.