With 26 SGX-listed stocks in the index, Singapore is represented more than India, Indonesia, and Thailand.
Singapore stocks account for 0.84% of the FTSE All-World High Dividend Yield Index which is composed of stocks that pay out higher than average dividend yield, accordng to a note from SGX Research.
"Amongst the list of global constituents, there are 26 SGX-listed stocks that generated a mixed performances in 2018, with an average marginal decline of -10.7%. They maintained an average indicative dividend yield of 4.5%," the research firm said.
Of the 26 high-paying Singapore stocks that made it to the global list which includes the secondary listing of Hongkong Land Holdings, the five best-performing stocks in 2018 include M1, ComfortDelGro, ST Engineering, Wilmar and DBS which averaged an 11.3% gain over the year.
"This means Singapore contributes more stocks to the FTSE All-World High Dividend Yield Index than India, Indonesia, Philippines and Thailand," the firm noted.
In fact, the weighting of Singapore stocks in the FTSE All-World High Dividend Yield Index is double the 0.42% weight that Singapore stocks maintain the FTSE All-World Index. There are currently a total of 1,389 stocks that make up the FTSE All-World High Dividend Yield Index and 3,197 stocks that make up the base index - the FTSE All-World Index.
A report from IHS Markit forecasts Singapore stocks to shell out $19.87b in total dividends for 2019 which represents a 2.8% decrease amidst the absence of one-off special dividends from DBS and Keppel.
“The big three banks in Singapore continue to be the largest dividend contributor and are projected to pay $7.13b in 2019,” IHS Markit said in a December report. “Whilst total dividends from this sector are set to fall in 2019 owing to the absence of the one-off specials paid by DBS earlier this year, fundamentals remain robust and consensus earnings estimates reflect an upbeat look for the banks."
Do you know more about this story? Contact us anonymously through this link.