The stock market crashed this week on further news of the spread of the COVID-19 virus and also the oil price war between Saudi Arabia and Russia. Due to the continued bad news, the Straits Times Index (STI) fell as much as 6.03% on Monday, 9th March 2020. As you can see from the chart below, the Straits Times Index (STI) crashed further on Friday, 13th Mar 2020 before rebounding slightly at the end of the day.
During such crisis, there is an opportunity to start picking up quality stocks that can climb back and continue its growth when the stock market normalize in 1 or 2 years time (I guess).
If you had followed my blog, you know that I always have my stock screener ready to identify stocks that gives me a good dividend yield. When stock price goes down, the current dividend yield goes up.
The stock screener offered by Stocks Café allows me to save the conditions that I can pre-set. You can check out my review here on the Stocks Café Dividend Stocks Screener (Read more: Screening For Dividend Stocks Using Stocks Cafe Stock Screener).
Below are the top dividend yielding stocks as of 14th March 2020.
| Name | Current Yield % | P/E | P/B | Market Cap |
| Cromwell REIT SGD | 9.494 | 9.32 | 0.848 | 1.7B |
| Mapletree NAC Trust | 8.651 | 5.11 | 0.703 | 3.2B |
| OUE Commercial REIT | 8.487 | 13.73 | 0.633 | 2.1B |
| Ascendas-iTrust | 8.361 | 5.47 | 1.121 | 1.4B |
| CapitaRetail China Trust | 8.25 | 7.75 | 0.774 | 1.5B |
| CDL Hospitality Trust | 8.054 | 12.04 | 0.735 | 1.4B |
| Starhill Global REIT | 7.757 | 19.36 | 0.651 | 1.3B |
| Far East Hospitality Trust | 7.189 | 16.77 | 0.613 | 1B |
| Frasers Commercial Trust | 6.809 | 8.58 | 0.861 | 1.3B |
| Yanlord Land | 6.733 | 2.97 | 0.358 | 2B |
| Frasers Logistics & Industrial Trust | 6.667 | 10.27 | 1.106 | 2.4B |
| Ascendas REIT | 6.524 | 19.1 | 1.392 | 10.9B |
| UOB | 6.455 | 7.73 | 0.848 | 33.4B |
| SPH | 6.383 | 15.02 | 0.88 | 3B |
| DBS | 6.357 | 7.74 | 1.009 | 49.2B |
| Yangzijiang Shipbuilding SGD | 6.289 | 5.1 | 0.519 | 3.1B |
| Suntec REIT | 6.255 | 10.85 | 0.712 | 4.3B |
| Hong Leong Finance | 6.25 | 10.4 | 0.561 | 1.1B |
| SPH REIT | 6.164 | 14.57 | 0.97 | 2.5B |
| TCIL HK$ | 6.117 | 10.78 | 0.34 | 3.8B |
| OCBC Bank | 5.843 | 8.02 | 0.874 | 39.9B |
| ComfortDelgro | 5.725 | 13.97 | 1.427 | 3.7B |
| SIA Engineering | 5.556 | 11.61 | 1.435 | 2.2B |
| CapitaMall Trust | 5.491 | 11.53 | 1.035 | 8B |
| Jardine Cycle & Carriage | 5.409 | 7.45 | 0.971 | 9B |
| Bukit Sembawang | 5.379 | 13.45 | 0.791 | 1.1B |
| Olam International | 5.298 | 9.45 | 0.893 | 4.8B |
| SATS | 5.278 | 17.89 | 2.487 | 4B |
| Genting Singapore | 5.147 | 11.91 | 1.018 | 8.2B |
Last, I just want to mention again that the above list is for reference only and we should do our homework before buying into the stock simply for the dividend yield.