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These 5 Singapore Dividend Stocks Beat DBS Over the Last Decade: Did You Own Them?

DBS has done very well over the last decade by delivering a mix of capital gains and dividends for its shareholders. But these five stocks beat the bank over the same period.

The last decade saw a stellar performance by DBS Group (SGX: D05), Singapore’s largest bank by market capitalisation.The lender delivered a 14.8% compound annual growth rate (CAGR) over 10 years as of 6 June 2025.This is a total return comprising share price appreciation coupled with dividends. Shareholders who owned DBS over the last decade enjoyed a solid return over this period, but did you know that five stocks surpassed DBS in total returns?We shine the spotlight on these five outstanding performers.

Sembcorp Industries (SGX: U96)

Sembcorp Industries, or SCI, is a utility and urban development specialist.The blue-chip group owns a balanced energy portfolio of 25.1 GW across 11 countries. Its urban development projects span 14,400 hectares across Asia.SCI has delivered a 10-year CAGR of 15.3%, pipping DBS Group ever so slightly.The utility group reported a mixed set of earnings for 2024, with revenue dipping by 9% year on year to S$6.4 billion.The decline was due to the planned maintenance of a Singapore cogeneration plant coupled with lower wholesale electricity prices.Net profit excluding exceptional items, however, stayed flat year on year at S$1 billion.Management expressed optimism about the group’s future and declared a final dividend of S$0.17, more than double the S$0.08 paid out a year ago.The total dividend for 2024 amounted to S$0.23, up significantly from the S$0.13 paid for 2023.Late last month, SCI secured its second solar-energy storage hybrid project in India, subject to the execution of a 25-year power purchase agreement.The group also announced a strategic reorganisation back in March, appointed new managers for its business lines, and identified three promising growth engines to power growth in the years ahead.

iFAST Corporation (SGX: AIY)

iFAST is a financial technology company that operates a digital platform for the buying and selling of unit trusts, equities, and bonds.The fintech delivered a 10-year CAGR of 17.8% as its revenue, net profit, and assets under administration (AUA) shot up over this period.For the first quarter of 2025 (1Q 2025), iFAST reported a strong set of earnings with net revenue rising 16.5% year on year to S$67.7 million.Operating profit climbed 29% year on year to S$23.8 million while net profit shot up 31.2% year on year to S$19 million.The group’s AUA also hit a record of S$25.68 billion, up 22% year on year, driven higher by net inflows of S$938 million for the quarter.The fintech paid out an interim dividend of S$0.016, higher than the prior year’s S$0.013.Management expects the AUA of its core wealth management platform to continue growing, which will drive both revenue and higher profits.The digital bank division should also register its first full year of profitability for 2025.

UMS Integration (SGX: 558)

UMS Integration provides equipment manufacturing and engineering services to original equipment manufacturers (OEMs) of semiconductors and related equipment.The group chalked up a 10-year CAGR of 19.2%, close to five percentage points higher than DBS Group.For 1Q 2025, UMS Integration reported a 7% year-on-year increase in revenue to S$57.7 million.Net profit, however, stayed flat year on year at S$9.8 million.The OEM service provider paid out an interim dividend of S$0.01, lower than the previous year’s S$0.012.Global fab equipment spending for front-end facilities is poised to grow by 2% year on year to US$110 billion, representing its sixth consecutive year of growth since 2020.Management remains optimistic about the group’s outlook and will carry on with the qualifications of many new product introductions for its new key customer.

Food Empire (SGX: F03)

Food Empire manufactures instant beverages, snack foods and food ingredients and sells them in over 60 countries.The group operates nine manufacturing facilities in six countries and has 23 offices worldwide.Food Empire delivered a 10-year CAGR of 24.4% as its share price soared recently to new all-time highs amid improved business results.The group delivered a mixed set of results for 2024, with total revenue rising 12% year on year to US$476.3 million.Normalised net profit (i.e. excluding exceptional items), however, tumbled 11.4% year on year to US$50 million.Food Empire paid out a final dividend of S$0.06 and a special dividend of S$0.02 for 2024.For 1Q 2025’s business update, the group reported an encouraging top-line growth of 16.3% year on year to US$136.6 million.Food Empire is also continuing its business development efforts.Construction of a new freeze-dried soluble coffee manufacturing facility in Vietnam will be completed by 2028.Over in Malaysia, the group will complete the expansion of its snack manufacturing facility by the first half of this year.

Azeus Systems (SGX: BBW)

Azeus Systems is a provider of software products and services and delivers innovative IT solutions to organisations and government agencies in more than 100 countries.The group is the standout winner with a 10-year CAGR of 36%, more than twice the return provided by DBS Group.For its fiscal 2025 (FY2025) ending 31 March 2025, Azeus saw revenue surge 44% year on year to HK$474.8 million.Net profit soared 96% year on year to HK$166.9 million.A final dividend of HK$3.90 was declared, more than double the HK$1.90 paid out a year ago.The remaining revenue from the Central Electronic Record Keeping System (CERKS) contract will be recognised in FY2026 and FY2027 as deployment continues.The group plans to also broaden its geographic reach and continue to invest in the development of its new ESG reporting platform.We’ve found 5 SGX-listed dividend stocks with strong track records in turbulent markets. If you want consistency in an uncertain world, start here.Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses!Disclosure: Royston Yang owns shares of DBS Group and iFAST Corporation.

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