Singapore continues to maintain its reputation as a dividend-friendly investment hub, offering stable and consistent returns to shareholders.
In 2025, companies such as DBS, SIA, OCBC, UOB, and SGX are set to reward investors through structured dividend payouts, strengthening investor confidence and loyalty.
This article outlines the dividend yields, payout schedules, and relevant tax implications, helping investors make informed decisions.
Understanding Dividend Payouts in Singapore
What Are Dividends?
Dividends represent a portion of a company’s earnings distributed to shareholders. In Singapore, this practice not only rewards investor loyalty but also encourages long-term capital investment and supports a robust financial ecosystem.
Tax Implications on Dividends
Singapore classifies dividends based on tax applicability, and understanding this distinction is vital for investors:
| Type of Dividend | Tax Status | Description |
|---|---|---|
| Non-Taxable Dividends | Exempt from tax | Includes dividends from Singapore-resident firms and REITs. |
| Taxable Dividends | Subject to income tax | Typically includes dividends from foreign companies not using tax treaties. |
Major Dividend Yields & Payouts for 2025
DBS Bank
- Dividend Yield (2025): Estimated 3.8%
- Share Price Target: SGD 43.000 – SGD 46.910
- Median Target: SGD 44.950 (3.3% upside)
- Average Target: SGD 45.168 (3.8% upside)
- Special Updates:
- Final quarter dividend up 53%
- Bonus shares offered to investors with over 10 years of shareholding
Singapore Airlines (SIA)
- Expected Q2 2025 Earnings Release: November 8, 2025
- Forecasted Q2 Revenue: SGD 4.75 billion
- Full-Year Revenue Forecast: SGD 19.11 billion
- Earnings per Share (2025): SGD 0.73
- Dividend Yield: 5.84% (trailing 12 months)
- Dividend Enhancement: Increased by SGD 0.50 with additional shareholder bonuses
OCBC Bank
- Dividend Yield (April 2025): 4.97%
- 5-Year Average Yield: 5.07%
- Share Price Target: SGD 16.100 – SGD 20.800
- Median Target: SGD 17.795 (4.2% upside)
- Average Target: SGD 18.015 (5.5% upside)
- Current Dividend Rate: 6.18%
- Total Assets: Approx. SGD 151 billion
UOB (United Overseas Bank)
- Dividend Yield: 5.69%
- Recent Dividend Payment: SGD 1.19 (April 2025)
- Share Price Target Range: SGD 37.500 – SGD 40.200
- Median Target: SGD 39.125 (5.0% upside)
- Average Target: SGD 38.925 (4.5% upside)
- Payout Frequency: Semi-annual
Singapore Exchange (SGX)
- Dividend Yield: 3.71%
- Earnings per Share: SGD 0.53
- Upcoming Earnings Release: February 6, 2025
- Analyst Sentiment: Cautiously optimistic, pending mid-year financials
Why Dividend Investing in Singapore Remains Strong in 2025
Singapore’s dividend-friendly environment, backed by strong corporate governance and investor-centric policies, continues to draw in both domestic and international investors. With consistent dividend yields and efficient tax policies, companies like DBS, SIA, OCBC, UOB, and SGX remain top picks for income-focused portfolios.
Singapore’s 2025 dividend landscape underscores the resilience and profitability of its key financial and corporate sectors. With generous dividend payouts, investor incentives, and favorable tax frameworks, companies like DBS, SIA, OCBC, UOB, and SGX continue to reward stakeholders while reinforcing confidence in the market. Investors can anticipate strong returns and stable growth throughout the year.
FAQs
Are all Singapore dividends tax-free for investors?
Most dividends from Singapore-resident companies are non-taxable, but foreign-sourced dividends may be subject to tax depending on the tax residency of the investor.
When will SIA release its dividend payout for 2025?
SIA’s Q2 2025 earnings, including dividend updates, will be announced on November 8, 2025, with payout following soon after.
Which bank is offering the highest dividend yield in 2025?
As of the latest data, OCBC offers the highest dividend yield at 6.18%, followed by UOB at 5.69%.