Cash reigns supreme, particularly during periods of market turbulence.
For investors focused on dividends, a company's capacity to consistently distribute payouts often hinges on a single critical factor: the robustness of its financial standing.
Equities boasting substantial net cash reserves are better equipped to endure economic downturns, finance internal growth initiatives, and maintain dividend streams without accumulating debt.
Highlighted below are three Singapore-listed stocks that possess considerable cash reserves while providing dividend yields exceeding 5%.
Genting Singapore
Genting Singapore is the operator of Resorts World Sentosa (RWS), one of Singapore's two premier integrated resorts, which features a casino, Universal Studios Singapore, multiple hotels, diverse dining options, and various attractions.
The company enjoys a duopoly in Singapore's gaming industry alongside Marina Bay Sands, with its casino license securely renewed until the year 2036.
A particularly striking aspect is the company's exceptionally strong balance sheet.
As of June 30, 2025, Genting Singapore held S$3.3 billion in cash and cash equivalents, completely free of debt.
This substantial financial reserve is especially impressive considering the company is currently executing its multi-billion dollar RWS 2.0 transformation project—all funded internally without resorting to leverage.
For income-seeking investors, this formidable financial foundation supports an attractive 5.5% dividend yield at the current share price of S$0.73.
The core business is also demonstrating a recovery following a subdued first half of the year.
For the third quarter of 2025 (3Q 2025), revenue surged 16% year-on-year to reach S$649.8 million.
Gaming revenue was the primary growth engine, skyrocketing 22% to S$402.3 million, while non-gaming revenue increased 7% to S$247.3 million, bolstered by new attractions such as the Singapore Oceanarium and the WEAVE lifestyle precinct.
Net profit climbed 19% compared to the same period last year, reaching S$94.6 million, while Adjusted EBITDA experienced a significant 36% surge to S$222.7 million.
The EBITDA margin expanded to 34.3%, up from 29.2% a year earlier, signaling enhanced operational efficiency as the new facilities gain popularity.
Looking forward, the October 2025 opening of The Laurus luxury hotel further enriches its premium hospitality offerings, while major developments like the 88-meter Waterfront sculpture and Super Nintendo World remain on schedule.
Venture Corporation
Venture Corporation delivers advanced technology solutions and manufacturing services to more than 100 global corporations across various sectors, including life sciences, test and measurement instrumentation, semiconductor equipment, hyperscale data centers, and lifestyle consumer products.
For dividend investors, the top-line revenue figures might appear subdued, but the underlying cash flow narrative is decidedly different.
Venture's balance sheet remains exceptionally sturdy, with a net cash position surpassing S$1.0 billion as of September 30, 2025.
Notably, this formidable cash pile exists after accounting for dividend payments and ongoing share buybacks, demonstrating that returns to shareholders are not diminishing the company's financial strength.
The group generated operating cash flow of S$189.6 million for the first nine months of 2025, marking a substantial improvement of S$94.8 million year-on-year.
This robust cash generation supported a total dividend payout of S$0.30 per share for the first half of 2025, consisting of an interim dividend of S$0.25 and a special dividend of S$0.05.
At the current share price of S$15.56, the stock offers a dividend yield of 5.1%.
Revenue for the third quarter of 2025 dipped 2.8% quarter-on-quarter to S$627.2 million, reflecting anticipated softness in the lifestyle consumer segment.
Net profit saw a modest 3% decline quarter-on-quarter to S$55.6 million, although the group maintained a strong net profit margin of 8.9%.
Revenue performance varied significantly across its different business portfolios.
Portfolio A, which has significant exposure to lifestyle consumer products, decreased 10.5% quarter-on-quarter to S$222.0 million.
This decline originated from Venture's own R&D efforts, which enhanced product reliability for a major client, consequently reducing replacement volumes—a short-term revenue trade-off for securing a stronger long-term partnership.
Conversely, Portfolio B grew 2.0% quarter-on-quarter to S$405.0 million, driven by new business wins in test and measurement instrumentation and semiconductor equipment.
The future outlook is promising, as Venture is accelerating its activities in the hyperscale data center space, including network connectivity solutions slated for 2026.
The group is also launching new products for life science instruments, gaining market share in test equipment, and securing contracts in building automation.
SBS Transit
SBS Transit operates two major Mass Rapid Transit (MRT) lines in Singapore—the Northeast Line and the Downtown Line—in addition to managing several bus packages across the island.
The company's operations are divided into public transport services, which constitute the majority of revenue via government service fees and fare collection, and other commercial activities such as advertising.
For income-focused investors, SBS Transit presents an enticing trailing dividend yield of 7.4% at a share price of S$3.20, excluding the special dividend paid in 2024.
This high yield is underpinned by a solid cash and short-term deposits position of S$349.2 million as of September 2025.
However, the operational performance warrants a more detailed assessment.
Revenue for the third quarter of 2025 decreased by 2.4% year-on-year to S$386.5 million.
Net profit experienced a more pronounced decline, falling 20.6% year-on-year to S$14.5 million.
The drop in revenue primarily reflects the loss of the Jurong West bus package contract from September 2024, combined with lower fuel indexation income.
Increased rail fare revenue and higher advertising income provided some offset against these headwinds.
Despite the lower revenue, operating costs decreased by S$7.3 million, mainly due to reduced fuel and electricity expenses, although this benefit was partially offset by rising staff costs.
On the operational side, average daily ridership showed improvement on both rail lines.
Ridership on the Northeast Line increased by 3.8% year-on-year to 625,000 passengers, while the Downtown Line recorded 490,000 daily passengers, a 1.4% increase year-on-year.
This growing passenger numbers are a positive indicator for the future contribution of the rail segment.
That said, income investors should be aware of a significant challenge ahead.
SBS Transit did not succeed in retaining the Tampines bus package in a recent tender (scheduled for transfer out from July 5, 2026), which will further pressure the group's bus operations revenue following the earlier loss of the Jurong West package.
While the 7.4% yield is highly attractive, the sustainability of dividends will depend on whether growth in the rail segment can sufficiently compensate for the structural decline in the bus operations.
Cash Provides Strategic Flexibility
A high dividend yield holds little value if the issuing company lacks the financial resilience to maintain it over the long term.
What distinguishes these three stocks is their powerful combination of appealing yields and substantial cash reserves.
Genting Singapore's S$3.3 billion war chest finances a major expansion while simultaneously supporting a 5.5% yield.
Venture Corporation's S$1.0 billion net cash position remains robust even after substantial dividend payments and share repurchases.
SBS Transit's S$349.2 million in reserves provides a crucial buffer as the company navigates operational challenges.
A strong balance sheet affords a company invaluable time and strategic flexibility—but ultimately, sustainable dividends are funded by consistent profitability.
