{"id":8798,"date":"2022-10-27T11:07:15","date_gmt":"2022-10-27T03:07:15","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=8798"},"modified":"2024-04-24T18:02:56","modified_gmt":"2024-04-24T10:02:56","slug":"100-per-day-in-passive-income-18-high-dividend-stocks-in-singapore","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/100-per-day-in-passive-income-18-high-dividend-stocks-in-singapore\/","title":{"rendered":"$100 Per Day in Passive Income: 18 High Dividend Stocks in Singapore to Consider"},"content":{"rendered":"\n

Dividend investing<\/a> is one of the easiest ways to earn passive income without doing anything. Over time, your dividends could even give you an extra $100 a day! <\/p>\n\n\n\n

How to earn $100 per day with dividends<\/strong><\/h2>\n\n\n\n

As the saying goes, \u201cA goal without a plan is just a wish.\u201d To make $100 each day in passive income<\/a>, your portfolio will need to produce $36,500 in dividend income each year. <\/p>\n\n\n\n

Let\u2019s assume you invest 20% of your salary according to the 50\/30\/20 rule. Given that the median monthly salary in Singapore was $5070 in 2023, that works out to be $1014 set aside each month for savings and investments.<\/p>\n\n\n\n

Here\u2019s how you can build your portfolio to generate at least $36,500 in annual dividend income.<\/p>\n\n\n\n

Dividend Yield<\/strong><\/th>Years Needed (assuming monthly investments of $1014)<\/strong><\/th>Portfolio Size After X Years<\/strong><\/th>Annual Dividend Income<\/strong><\/th><\/tr><\/thead>
5%<\/strong><\/td>29<\/td>$779,742<\/td>$36,814<\/td><\/tr>
6%<\/strong><\/td>25<\/td>$690,108<\/td>$38,686<\/td><\/tr>
7%<\/strong><\/td>21<\/td>$567,419<\/td>$36,685<\/td><\/tr>
8%<\/strong><\/td>19<\/td>$526,929<\/td>$38,538<\/td><\/tr>
9%<\/strong><\/td>17<\/td>$472,554<\/td>$38,467<\/td><\/tr><\/tbody><\/table>
The calculation assumes a constant annual yield, no capital appreciation, and full dividend reinvestment during the stated time period. Figures derived from an online investment calculator <\/em>here<\/em><\/a>.<\/em><\/sub><\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

Suppose you buy a stock with a 7% dividend yield. If you were to invest $1014 every month in that stock, your portfolio will grow to around $567,419 in 21 years, assuming all dividends were reinvested and the dividend yield remains constant. <\/p>\n\n\n\n

Thereafter, that portfolio at a 7% yield will provide you with $36,685 in annual dividends \u2013 giving you slightly more than $100 a day in passive income!<\/p>\n\n\n\n

Where to find dividend stocks in Singapore<\/strong><\/h2>\n\n\n\n

You don\u2019t have to look far for dividend stocks. The Singapore stock market is known for its relatively high dividend yields<\/a>. For instance, the FTSE ST All-Share index, which tracks the top 98% (by market capitalisation) of stocks listed on the Singapore Exchange (SGX), pays a dividend yield of 5.06%<\/a> as of 31 August 2023. That\u2019s more than triple the dividend yield of 1.54%<\/a> paid by the S&P 500 index.<\/p>\n\n\n\n

A good starting point is Syfe Trade\u2019s handy compilation of 18 Singapore stocks with high dividend yields. This list, along with other stock ideas like \u201cSingapore Stalwarts<\/em>\u201d, can be found on the Syfe Trade app<\/a>. <\/p>\n\n\n\n

\"\"
Screenshot from Syfe Trade, as of 24 Sep 2023<\/em>.<\/figcaption><\/figure>\n\n\n\n

Here\u2019s a closer look at some of the \u201cHigh Dividend\u201d <\/em>stocks on the app.<\/p>\n\n\n\n

Trading Name<\/th>Ticker<\/th>Dividend Yield<\/th>P\/E Ratio<\/th><\/tr><\/thead>
Genting Singapore Ltd<\/strong><\/td>SGX:G13<\/a><\/td>4.12%<\/td>19.30<\/td><\/tr>
DBS Group Holdings Ltd<\/strong><\/td>SGX:D05<\/a><\/td>5.05%<\/td>8.84<\/td><\/tr>
Jardine Cycle & Carriage Ltd<\/strong><\/td>SGX:C07<\/a><\/td>4.77%<\/td>10.19<\/td><\/tr>
Mapletree Pan Asia Commercial Trust<\/strong><\/td>SGX:N2IU<\/a><\/td>5.96%<\/td>13.88<\/td><\/tr>
Great Eastern Holdings Ltd<\/strong><\/td>SGX:G07<\/a><\/td>4.97%<\/td>11.95<\/td><\/tr>
Mapletree Industrial Trust<\/strong><\/td>SGX:ME8U<\/a><\/td>5.20%<\/td>22.40<\/td><\/tr>
United Overseas Bank Ltd<\/strong><\/td>SGX:U11<\/a><\/td>5.67%<\/td>8.77<\/td><\/tr>
Mapletree Logistics Trust<\/strong><\/td>SGX:M44U<\/a><\/td>4.89%<\/td>14.99<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n