Pursuing stable passive income is the goal of income investors, and Singapore's stock market offers a variety of stocks, from blue-chip stocks to Real Estate Investment Trusts (REITs), to small and medium-sized companies with good cash flow, all of which can provide lucrative dividends. Let's take a look at five Singaporean stocks that will be paying dividends in April:

Riverstone Holdings (SGX: AP4)

Riverstone is a manufacturer of cleanroom gloves made of nitrile and natural rubber, with six manufacturing facilities in Malaysia, China, and Thailand, with an annual capacity of 10.5 billion gloves. Despite a 27.4% year-on-year decrease in revenue to RM914.8 million and a nearly 30% year-on-year decrease in net profit to RM220.4 million reported in 2023, the company remains optimistic about the future.

Net profit for the fourth quarter of 2023 increased by 60.7% year-on-year to RM67.5 million; a final ordinary dividend of SGD 0.075 per share and a special interim dividend of SGD 0.05 per share will be distributed, with the special interim dividend to be paid on April 5th. Management is optimistic for this year, expecting a recovery in cleanroom gloves and continued wins in custom medical gloves clients.

Frasers Centrepoint Trust (SGX: J69U)

Frasers Centrepoint Trust (FCT) is a retail real estate investment trust with nine suburban retail malls and one office building, with assets under management of approximately SGD 6.5 billion as of December 31, 2023. In January of this year, FCT announced an increase in its stake in NEX Mall to 50% through acquisition. To support this move, FCT conducted an equity fundraising at the end of January, raising approximately SGD 200 million.

The retail real estate investment trust announced a prepayment distribution of SGD 0.0425, applicable for the period from October 1, 2023, to February 4, 2024, to be paid on April 2nd. This acquisition seems to enhance the per-unit distribution of the REIT. Recently, FCT was included in the Straits Times Index (SGX: STI) after its review in March 2024.

DBS Group (SGX: D05)

DBS is Singapore's largest bank, reporting strong performance for 2023 due to increased net interest income driven by higher interest rates.

With a 33% growth in net interest income, total income increased by 22% year-on-year to SGD 20.2 billion; net profit increased by 23% year-on-year, surpassing the SGD 10 billion mark, reaching SGD 10.1 billion; a final dividend of SGD 0.54 per share, 26% higher than the SGD 0.42 per share in the same period last year, bringing its 2023 dividend to SGD 1.92 per share, with the final dividend to be paid on April 19, 2024.

The bank also announced a 1:10 bonus issue, qualifying for the first interim dividend of 2024.

Aztech Global (SGX: 8AZ)

Aztech Global is an electronic design, engineering, and manufacturing solutions provider with four R&D centers in Singapore, Hong Kong, and China, and three manufacturing plants in China and Malaysia.

Aztech Global reported significant earnings for 2023: revenue increased by 9.3% year-on-year to a record high of SGD 820.2 million; net profit increased by 48.8% year-on-year to SGD 67.2 million; achieved positive free cash flow of SGD 79.2 million; a final cash dividend of SGD 0.05 per share will be paid on April 30, 2024.

Aztech Global acquired new customers in smart baby monitoring, health tech wearables, and respiratory monitoring devices during 2023. As of February 22, 2024, its order book amounted to SGD 333.9 million.

Civmec Ltd (SGX: P9D)

Civmec is an Australian integrated construction and engineering services provider, serving industries such as energy, resources, infrastructure, oil, and gas, with services including heavy engineering, shipbuilding, on-site civil construction, maintenance, and industrial insulation.

For the first half of the 2024 fiscal year ending December 31, 2023, Civmec reported a 17.5% year-on-year revenue increase to AUD 492.3 million; net profit increased by 12.8% year-on-year to AUD 31.9 million; a mid-term dividend of AUD 0.025 per share, a 25% increase from the previous year's AUD 0.02 per share, will be paid on April 15, 2024.

Civmec's positive free cash flow also increased by 46.5%, from AUD 60.4 million in the previous year to AUD 88.5 million; the year-end order book reached AUD 1 billion, down approximately 9% from AUD 1.1 billion as of October 30, 2023.