The dividend yield is essentially a measure of the ratio of the amount of dividends a company pays to its shareholders each year to its stock price. A high dividend yield may indicate a company's strong profitability and commitment to returning value to shareholders. In Singapore, several stocks have dividend yields exceeding 6%, making them attractive choices for income oriented investors.

DBS Group

DBS Group Holdings Limited is not an ordinary bank, it is the largest bank in the Singapore market. It provides a variety of financial services, from banking to insurance and investment. Recently, due to high interest rates, DBS has performed exceptionally well. In 2023, its total revenue increased by 22% to SGD 20.2 billion, and its pre allowance profit increased by 29% to SGD 12.1 billion. In addition, its net profit increased by 23% to SGD 10.1 billion.

Due to these strong performance, DBS increased its quarterly dividend to SGD 0.52, resulting in an annual dividend of SGD 2.16 per share. This change resulted in the bank's dividend yield reaching 6.2%. They even decided to distribute dividend shares to shareholders.

OCBC Bank

Another leading bank in Singapore is OCBC Bank.The bank offers a wide range of financial services, known for solid performance and strong service.Latest earnings show bank's earnings per share at 1.56, showing the bank's sound financial position.

Notably, the bank's dividend yield reached 6.2%.As one of the larger financial institutions, OCBC has proven that it can withstand market volatility while still rewarding shareholders.Its 50% dividend payout ratio demonstrates its commitment to returning profits to investors, making it one of the candidates to watch for people seeking dividends.

Hongkong Land

Hongkong Land Holdings Ltd is an important participant in the real estate industry. They have and manage first-class office and retail spaces in major cities such as Singapore, Hong Kong, Beijing, and Jakarta.

Despite facing some economic challenges, Hong Kong's land has remained stable in 2023. Its revenue slightly decreased to $1.8 billion, while operating profit decreased by 4.1% to $810.9 million. However, the company will maintain its dividend at $0.22, which means its stock's dividend yield is 6.8%. The management is concerned about its properties in Hong Kong, but is optimistic about obtaining more profits from projects in China and Hong Kong.

CapitaLand Ascott Trust

CapitaLand Ascott Trust also has an excellent dividend yield of 7.26%. This yield is supported by a return of 0.06 per share and a robust book value, ensuring that investors can fully utilize their valuable asset base. With the recovery of tourism and tourism, the fund is expected to benefit from the upward trend and continue to fulfill its promise of high dividends.

Mapletree Logistics Trust REIT

Mapletree Logistics Trust REIT invests in the growing e-commerce market through its vast logistics assets. The dividend yield is 6.2%, earnings per share is 0.10, and its P/E ratio and book value ratio highlight a stable financial health. The strategic asset positioning of the trust promises sustained growth and profitability, which may bring stable dividends to investors.

NetLink NBN Trust

NetLink NBN Trust plays a crucial role in Singapore's broadband network infrastructure. Its dividend yield is 6.2% and earnings per share are 0.03, making the trust stand out among dividend paying investments.

The core position of NetLink in Singapore's telecommunications infrastructure may imply sustained demand for its services, which in turn means sustained dividends. The net connected NBN trust fund can also maintain strong profit prospects for investors.