During a period of declining interest rates, dividend stocks gain appeal among income-focused investors, particularly those with yields exceeding 5%.

However, it is crucial to note that high yield alone does not guarantee a wise investment choice.

Today, we turn our attention to three stocks offering yields over 5%: Mapletree Industrial Trust (MIT), Singapore Airlines (SIA), and Venture Corporation Limited.

Mapletree Industrial Trust (MIT) – Exposure to Logistics and Data Centres

Mapletree Industrial Trust (SGX: ME8U), commonly referred to as MIT, is a real estate investment trust (REIT) focusing on data centres and industrial properties.

In the first quarter of the fiscal year ending 31 March 2026 (1QFY25/26), MIT announced a distribution per unit (DPU) of S$0.0327, marking a 4.7% decrease compared to the previous year.

Currently, with its shares trading at S$2.16, MIT boasts a yield of 6.2%.

The overall occupancy rate remains stable at 91.4%, slightly down from 91.6% in the last quarter of FY2024/2025.

On a positive note, rental reversion shows promise, with the company achieving a positive weighted average rental reversion rate of 8.2% across its Singapore assets.

MIT maintains moderate leverage, with an aggregate ratio of 40.1%.

The trust has total borrowings of S$3.7 billion.

With 79.7% of its debt fixed and hedged, MIT may not experience significant benefits from lower rates upon refinancing.

Leveraging its data centre exposure, MIT is strategically positioned to take advantage of the continuous growth in the AI sector.

Currently, 54.8% of MIT's assets under management are tied to data centres, distributed across Singapore (3.3%), North America (44.2%), and Japan (7.3%).

The trust is strategically restructuring by divesting mature industrial properties and investing proceeds in new data centres and logistics projects throughout Asia, including Japan.

Investors should be aware of rising expenses, including increased property operating costs and borrowing expenses due to maturing interest rate swaps.

Additionally, MIT's significant exposure to North America presents currency risk.

Singapore Airlines (SIA) – High Yield with Cyclical Nature

Singapore Airlines Limited (SGX: C6L), known as SIA, has maintained attractive dividends following its recovery from the pandemic.

Since resuming dividend payments in the fiscal year ending 31 March 2023 (FY22/23), SIA has distributed cumulative dividends per share of S$1.26, constituting 19% of its current trading price of S$6.55.

Nonetheless, the latest dividend payment of S$0.40 per share for FY2024/2025 is down by 16.7% year-on-year.

At S$6.57, this translates to a trailing yield of 6.1%.

In August 2025, SIA's passenger load factor (PLF) reached 88.0%, an improvement from 85.7% year-on-year but a decline from June's 88.7% and July's 88.5%.

The passenger yield for the recent quarter (Q1FY25/26) fell by 2.9% year-on-year to S$0.10 per kilometer.

Net profits witnessed a sharp drop of nearly 59% compared to the previous year, attributed to the increase in non-fuel expenses.

Despite management's optimism regarding future profits, investors should prepare for continued earnings pressure.

SIA's leverage remains manageable with a debt-to-equity ratio of 0.73 times.

Net operating cash flow stays robust at S$4.71 billion for FY2024/25, demonstrating a margin of 24.1% (SIA does not provide quarterly cash flow figures).

SIA's dividend sustainability is backed by its hefty cash balance of S$9.8 billion and solid cash flow generation.

However, potential economic slowdown, rising fuel prices, and heightened competition pose risks to SIA's earnings.

Venture Corporation – 5% Yield Supported by Cash Abundance

Venture Corporation Limited (SGX: V03) is a prominent electronics manufacturing services and technology solutions provider.

The company serves customers across diverse industries, such as life sciences, networking and communications, and industrial sectors.

Venture Corporation boasts a strong dividend performance, disbursing total dividends of S$0.75 per share annually since FY2020.

Currently priced at S$14.25, Venture Corporation offers an annualized yield of 5.6%.

The company is distinguished by its stable earnings, well-diversified across multiple sectors, and robust cash flow generation.

In the first half of 2025, the firm achieved a net operating cash flow of S$149.8 million, reflecting a margin of 11.9%.

The rising demand for technologies such as AI, robotics, and automation will drive future growth for Venture Corporation.

Its diverse manufacturing portfolio includes high-growth segments like life sciences and medical technology, opening up new growth avenues.

Nevertheless, the company faces risks related to global tech cycles, where reduced spending may impact Venture Corporation's earnings.

A Comparative Analysis of the Three Companies

MIT, a stable REIT, enjoys robust growth drivers in data centres and logistics.

Conversely, SIA operates as a cyclical entity reliant on travel demand.

Finally, Venture Corporation stands out as a dependable dividend payer aligned with global electronics cycles.