SGX-listed Keppel Corporation Limited (SG:BN4) offers an above-average dividend yield of 4.87%, making it an attractive dividend stock. Keppel is a Singaporean conglomerate involved in multiple industries such as marine, infrastructure, energy, asset management, and urban development.
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That’s not the only attractive aspect of this dividend stock. BN4 stock has a Strong Buy consensus rating based on unanimous Buys from three analysts. Plus, Keppel has a “Perfect 10” Smart Score on TipRanks, implying that it is most likely to outperform market expectations.
To find this high dividend-yielding stock, we used the TipRanks’ Top Singapore Dividend Stocks tool. This tool is useful for screening stocks and analyzing them across various parameters. It is available across 10 different markets on TipRanks.
Keppel’s Attractive Dividends
Keppel does not have a formal dividend policy in place, but the company has been distributing between 50% to 60% of its annual net profits as dividends. The company also rewards shareholders with special dividends. Its most recent cash dividend of S$0.16 per share was paid on November 7, 2023.
Moreover, to celebrate Keppel’s 55th anniversary, the company proposed a special dividend during its first-half 2023 results. As per the dividend “in-specie” of Keppel REIT (KREIT) units, Keppel shareholders will receive one KREIT unit for every five shares they hold. The issuance and pricing of KREITs is subject to shareholder approval. Overall, Keppel expects total distributions of S$2.70 per share in 2023, including interim and final cash dividends and the dividend in specie of Keppel REIT units worth nearly S$0.18 per share.
Is Keppel Corp a Good Buy?
On TipRanks, BN4 stock has earned a Strong Buy consensus rating backed by three unanimous Buys. The Keppel Corp share price target of S$8.22 implies 22.1% upside potential from current levels. Year-to-date, BN4 shares have gained 53.3%.
