STI dividend yield best in Asia: SGX report

Singapore

AS valuations in the local stock market remain beaten down, dividend yields here are starting to look relatively more appealing. The Straits Times Index (STI) currently boasts Asia's highest dividend yield across 10 major stock indices in the region, the Singapore Exchange (SGX) said in a My Gateway report on Wednesday. It did note, however, that Hong Kong was a close second.

The STI, a basket of 30 blue chips, notched up a dividend yield of 4.1 per cent versus a regional average of 2.8 per cent, SGX said. Hong Kong's Hang Seng was runner-up with a dividend yield of 4 per cent, and Taiwan's Taiex came in third at 3.9 per cent. Thailand's SET 50 was also above average with 3.5 per cent, as was Kuala Lumpur at 3.1 per cent.