Highest-Yielding Monthly Dividend Stocks in Singapore for 2025

Amidst rising costs and evolving financial needs, Singaporeans, including those planning for retirement, are increasingly seeking ways to supplement their income. Monthly dividend stocks present a compelling option to generate a consistent stream of passive income.

Monthly dividend stocks are a type of dividend that pays out a portion of their profits to shareholders on a monthly basis instead of the more common quarterly or annual schedule.

This regular payout schedule makes them attractive for income-seeking investors in Singapore, particularly retirees or those looking to supplement their monthly income.

These stocks often belong to real estate investment trusts (REITs), business development companies (BDCs), or companies with consistent, predictable cash flows that provide a hedge against inflation.

Those seeking to generate steady earning streams often turn to high-yield dividend stocks, especially those that pay dividends monthly. This can also include well-established blue chip companies with a history of stable payouts.

Below is a curated list of some of the top-performing monthly dividend stocks available on the Singapore Exchange (SGX).

These stocks are characterised by their attractive dividend yields, ensuring consistent returns for income-focused investors.

Investing in dividend stocks offers several benefits, especially in Singapore, where dividends are not taxable. This means you can enjoy your returns without needing to declare them in your income filing or pay taxes. 

These stocks also provide a steady stream of passive income, requiring little effort on your part.

For those looking to grow their portfolio, dividends can be reinvested to purchase more shares in the same company or to explore other investment opportunities. This compounding effect can significantly enhance your long-term returns.

Monthly dividend stocks, in particular, stand out for their regular and substantial payouts as they provide consistent income every month, making them ideal for income-focused investors. 

In Singapore, some of these stocks offer yields that surpass the returns of long-term government bonds or Treasury bills, which typically pay interest semi-annually or at maturity.

>> MORE: What is dividend investing, and how does dividend investing work?

However, it’s important to consider the risks. Dividend payouts are not directly tied to stock prices or a company’s financial health, meaning your investment value could decrease even as you receive dividends. 

Additionally, dividend stocks are often concentrated in sectors like REITs, which may make achieving a well-diversified portfolio more challenging.

Ready to embark on your journey to build a portfolio of monthly dividend payers? Below is a step-by-step guide tailored for Singaporean investors:

1. Investment Platforms: Begin by selecting a reputable online broker or investment platform in Singapore. Each platform offers different features, fees, and user interfaces, so it's essential to choose one that aligns with your investment style and preferences.

2. Setting up an Account: Once you've selected a broker platform, you'll need to open a trading account. 

3. Types of Accounts: You'll typically have to choose between a cash account and a margin account. With a cash account, you'll need to deposit funds upfront before making any trades. With a margin account, you can leverage funds provided by your broker to purchase stocks, but it carries a higher risk since losses can surpass your original investment.

4. Reinvesting Dividends: To maximise the benefits of compounding, consider enrolling in a Dividend Reinvestment Plan (DRP). This allows you to automatically reinvest your monthly dividends to purchase additional shares, accelerating the growth of your investment over time.

Individual monthly dividend stocks offer direct exposure to specific companies, primarily REITs and BDCs in Singapore.

Key examples of individual dividend stocks are:

• Mapletree Industrial Trust (ME8U): Mapletree Industrial Trust is a leading industrial REIT in Singapore, known for its focus on high-quality industrial properties and data centres. With over 80 properties located in Singapore and across North America, MINT has a strong track record of delivering consistent distributions to its unitholders.

• Ascendas REIT (A17U): Ascendas REIT, one of Asia's largest, owns 228 industrial, logistics, and business park properties across Singapore, Australia, the UK, and the US. Its diversified portfolio ensures stable income and consistent dividend growth, which is ideal for monthly payouts.

Investing in individual stocks can potentially yield higher returns if the company performs well. However, it also exposes you to company-specific risks, such as operational challenges or changes in market conditions. 

Additionally, the sustainability of dividends can be a concern, particularly during economic downturns.

Dividend exchange-rated funds (ETFs) offer a way to diversify your exposure to dividend-paying stocks, often focusing on REITs and other income-generating sectors.

Some examples of dividend ETFs include:

• Lion-Phillip S-REIT ETF: This ETF, jointly managed by Lion Global Investors and Phillip Capital Management, offers targeted exposure to the Singapore REIT market. It tracks the Morningstar® Singapore REIT Yield Focus Index, which comprises REITs listed on the Singapore Exchange that meet specific liquidity and yield criteria.

• SPDR® S&P® Global Dividend Fund: Managed by State Street Global Advisors, this ETF tracks the S&P® Global Dividend Aristocrats Index, featuring companies with 10+ years of dividend growth. Unlike the broad S&P 500 ETFs, it targets high-yield, dividend-focused stocks globally.

Monthly dividend ETFs offer lower risk compared to individual stocks due to diversification, but this may also result in potentially lower yields. They provide a convenient way to access a basket of dividend-paying stocks without the need for extensive individual stock research. 

If you’re seeking a simplified approach to monthly dividend income, exploring the range of available ETFs can be a great way to identify the best ETF options to suit your investment goals.

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