4 Singapore Stocks Paying Out Dividends in April

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Receiving a dividend is always a happy event.

For income investors, the key is to look for companies that have a long track record of dishing out reliable dividends.

These dividends provide you with a stream of passive income that can supplement your earned income.

It can also help you maintain your lifestyle as you approach retirement.

Here are four Singapore stocks that are poised to pay out dividends in April.

DBS Group (SGX: D05)

DBS Group should be no stranger to investors, being Singapore’s largest bank by market capitalisation.

The lender reported a stellar set of earnings for 2024, buoyed by elevated interest rates and a strong franchise.

The blue-chip bank saw its total income rise 10% year on year to S$22.3 billion while profit before allowances grew 11% year on year to S$13.4 billion.

Net profit climbed 11% year on year to S$11.4 billion, a new record.

DBS saw its 2024’s net interest margin hover at 2.13%, just down slightly from the 2.15% recorded a year ago.

The lender declared a final dividend of S$0.60 per share, up 22.4% year on year from the previous year’s S$0.49.

It was also higher than the previous quarter’s S$0.54 dividend.

This dividend, if approved at the upcoming annual general meeting, will be paid out on 16 April.

Looking ahead, DBS plans to introduce a new capital return dividend of S$0.15 per share per quarter in addition to its S$0.60 dividend.

This means that for every quarter in 2025, the lender will pay out a total dividend of S$0.75 per share.

Civmec (SGX: P9D)

Civmec is an integrated, multi-disciplinary construction and engineering services firm serving the energy, resources, infrastructure, and marine & defence sectors.

The group announced a mixed set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 December 2024.

Revenue dipped 2.2% year on year to A$502.9 million but net profit tumbled nearly 17% year on year to A$26.5 million.

Despite the fall in net profit, Civmec maintained its interim dividend of A$0.025 which will be paid on 11 April 2025.

Tendering activities remain strong across Civmec’s operations, but management has noted a shift in market conditions that caused delays in the timing of key project awards.

Some projects were also rescheduled.

These delays will result in lower activity for the group for 2H FY2025 which may extend into 1H FY2026.

As of 31 December 2024, Civmec’s order book stood at A$633 million, down from the prior year’s A$1 billion.

Aztech Global (SGX: 8AZ)

Aztech Global is a designer and manufacturer of IoT (internet of Things) devices and data communication products.

The group has three manufacturing facilities in China and Malaysia and four R&D centres in Singapore, Hong Kong, and China.

Aztech Global reported a downbeat set of earnings for 2024 with revenue falling 30.6% year on year to S$621.6 million.

This was due to lower demand from customers in the back part of last year.

Net profit declined by 29.5% year on year to S$70.5 million.

The group’s free cash flow, however, climbed 38.7% year on year to S$109.9 million for 2024.

Despite the lower profits, Aztech Global declared a final dividend of S$0.03 and a special dividend of S$0.07, bringing its 2024 total dividend to S$0.15.

This dividend was significantly higher than the prior year’s total dividend of S$0.08.

The two dividends will be paid on 29 April 2025.

The outlook is murky with management commenting that the group is encountering weaker demand from customers in light of geopolitical tensions and trade restrictions.

The group secured seven new customers during 2024 with commercial production expected to commence this year.

In addition, five new products entered commercial production in the final quarter of 2024 and Aztech Global is on the lookout for potential acquisitions to expand its customer base.

IHH Healthcare Berhad (SGX: Q0F)

IHH Healthcare is an integrated healthcare provider with a portfolio of hospital brands such as Pantai, Parkway, Acibadem, and Mount Elizabeth that spans countries such as Singapore, Malaysia, and Turkey.

The healthcare player reported a sparkling set of earnings for 2024 with revenue jumping 16% year on year to RM 24.4 billion.

Net profit fell by 10% year on year to RM 2.7 billion but was affected by exceptional and one-off items.

Excluding these items, core net profit would have surged 32% year on year to RM 1.7 billion.

The hospital giant also generated a positive free cash flow of RM 1 billion.

IHH Healthcare declared a final dividend of RM 0.055, taking the total dividend for 2024 to RM 0.10, higher than the previous year’s RM 0.09.

This final dividend will be paid on 28 April 2025.

The group is confident of its growth trajectory in line with growing healthcare needs from around the region.

It plans to add close to 4,000 new beds over the next four years.

IHH Healthcare also plans to grow its ambulatory care offerings and improve primary care penetration in selective markets.

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Disclosure: Royston Yang owns shares of DBS Group.

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