Searching for lucrative dividend stocks often feels akin to a treasure hunt.

The well-recognized blue-chip stocks dominate the Straits Times Index, known for their consistent dividends and reliable performance.

However, some rewarding picks are less obvious, lying just beneath the surface.

Today, we explore three such hidden gems within the iEdge Singapore Next 50 that are paying out dividends this October.

Civmec: 24 October 2025

Civmec offers comprehensive construction and engineering services spanning Energy, Resources, Infrastructure, Marine, and Defence sectors.

Unfortunately, the Australian firm saw a 21.6% year-on-year revenue decline from A$1.0 billion to A$810.6 million, and a 34% drop in net profit to A$42.5 million for the fiscal year ending 30 June 2025 (FY2025).

This downturn was primarily due to the completion of major contracts and delays in new project awards, leading to activity rescheduling that affected the latter half of FY2025, potentially extending into the first half of FY2026.

Additionally, increased administrative costs tied to listing and domicile changes further strained profit margins.

In spite of decreased earnings, Civmec displayed financial resilience.

Free cash flow increased by 21.4% to A$56.1 million, aided by reduced capital expenditure of A$4.8 million (down from A$25.2 million) and improved management of working capital.

The balance sheet remains strong, with cash increasing from A$88.5 million to A$102.9 million as of 30 June 2025, and net debt reduced to A$60.0 million.

The company declared a final dividend of A$0.035 per share, consistent with the previous year.

Management anticipates subdued activity levels in the first half of FY2026, improving in the second half.

Its recent acquisition of Luerssen Australia (completed on 1 July 2025) is expected to strengthen its Infrastructure and Defence segments, bolstered by a robust pipeline indicated by strong tendering activity.

UMS Integration: 28 October 2025

UMS Integration manufactures high-precision components and equipment for semiconductor OEMs, covering aerospace, oil & gas, and water disinfection sectors.

This Singapore-based precision engineering leader recorded solid results in 1H2025, with revenue growing 14% year-on-year to S$125.0 million from S$109.9 million, and net profit climbing 5% to S$20.1 million.

The semiconductor segment was a major driver, with a 17% year-on-year increase to S$107.4 million, aided by favorable product mix that expanded the gross material margin to 55.1% from 53.3%.

UMS’s Malaysian expansion has been a pivotal factor.

A new key customer diversifying its supply chain from the US to Asia accounted for S$17.4 million in sales, marking a 250% year-on-year surge.

The result: accelerated shipments and new product qualifications as the semiconductor supply chain pivots to Asia.

The company is investing heavily to capitalize on this opportunity, with S$22.9 million earmarked for expanding its Penang facilities, leading to negative free cash flow of S$7.6 million.

As of 30 June 2025, UMS boasted a strong balance sheet with S$59.1 million in cash and a mere S$0.1 million in debt, offering substantial capacity for growth investment.

UMS maintained its interim dividend of S$0.010 per share.

With SEMI predicting a record US$125.5 billion in global semiconductor equipment sales for 2025 (a 7.4% increase), management expects continued profitability for the year.

Union Gas: 29 October 2025

Union Gas Holdings Ltd caters to Singapore’s fuel needs through its gas (LPG, natural gas, and CNG), liquid fuel (diesel and petrol), and emergent EV charging and industrial gas segments.

The company operates over 200 vehicles, serving more than 200,000 households across Singapore.

The first half of 2025 showed mixed results.

Revenue rose 3.8% year-on-year to S$63.7 million, spurred by a 33.8% increase in liquid fuel sales to S$9.5 million and contributions from new business ventures.

However, gas fuel revenue—which comprises 84% of total sales—dipped by 0.8% to S$53.8 million.

Rising costs outstripped revenue growth, hitting profitability.

Net profit fell 16.5% year-on-year to S$4.4 million, as marketing and distribution expenses grew by S$0.9 million, with higher delivery charges and personnel expenses offset by a S$0.4 million reduction in other income due to decreased government grants.

Free cash flow weakened to S$1.3 million, down from S$1.8 million a year prior.

As of 30 June 2025, Union Gas held cash reserves of S$6.7 million against debts totaling S$11.3 million.

The company's dividend policy raised eyebrows as payout exceeded generated free cash flow in 1H2025, sparking sustainability concerns.

An interim dividend of S$0.0048 per share was declared, down from S$0.006 a year earlier, payable on 29 October 2025.

Nonetheless, management maintains optimism about the company’s future, supported by the essential nature of its products.

Recent growth potential was highlighted by the opening of a new service station at 743 Dunman Road under the “Cnergy” brand, expected to drive significant revenue due to its high-traffic location.