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Three Shares Giving You Bigger Dividends

Money tree 2 We’re nearing the end of the earnings season and we’ve seen many publicly-listed companies in Singapore report their numbers. Some would have made their shareholders happier by releasing great results or throwing in a larger dividend-check.

On the other hand, there are bound to be some that would have disappointed investors with less than stellar numbers.

I don’t want to be a spoil sport, so let’s take a look at some companies that planted themselves in the former group by declaring bigger dividends in their recent earnings release.

China Yuanbang Property Holdings (SGX: B2X)

Based in Guangzhou, China, China Yuanbang is a property developer with a focus on residential and commercial properties. It released its full-year results last Thursday and posted a 3.5% year-on-year increase in revenue to RMB868m. Meanwhile, profits declined 24% to RMB96m.

Despite the decrease in its profit, the company has actually recommended a final dividend of RMB0.02 per share, subject to shareholders’ approval, when there were no dividends being paid out a year ago

As the company deals extensively with property development in China, it keeps an eye on the Chinese government’s policies toward the property market in the country.

Lately, the Chinese government has tightened regulations for the real estate industry and China Yuanbang is of the opinion that “the property cooling measures by the [Chinese] Government will continue and this will help to stabilize the property market in [China] in the long term.”

In addition, the company’s “cautiously optimistic of the property market in China for the next twelve months as there exists demand for residential units due to the urbanization process.”

Shares of the company closed at S$0.19 yesterday, giving it a dividend yield of 2.2% based on the dividend pay-out it recently declared.

Yamada Green Resources (SGX: MC7)

Shitake mushroom cultivator Yamada Green Resources released its full-year results for its financial year (FY) 2013 last Thursday. Annual revenue slipped 8% to RMB509m while profits actually dropped by half to RMB69m.

So while the top and bottom-line figures might not have generated much enthusiasm among investors, the company’s declaration of a dividend might help pick up the slack.

Yamada’s Board of Directors has recommended a first and final dividend of RMB0.013 per share, subject to shareholder’s approval. At Thursday’s close, its shares were worth S$0.20 a pop, representing a dividend yield of 1.4% based on the recommended dividend.

While that’s a small dividend compared to the Straits Times Index’s (SGX: ^STI) yield of close to 3%, it’s an improvement for Yamada Green as there were no dividends for FY2012.

Management offered some guidance for FY2014 by stating that it “expects the [company] to remain profitable” barring any unforeseen circumstances.

Oxley Holdings (SGX: 5UX)

We have another property developer in the mix here with Oxley Holdings, which specialises in developing residential, commercial, and industrial projects in Singapore. The company is relatively ‘young’ as a publicly-listed entity, having got its listing on the Catalist board barely three years ago on October 2010.

For the recently completed FY, which ended on 30 June 2013, Oxley Holdings reported huge jumps in both its top and bottom line. Revenue grew 187% year-on-year to S$458m while profits jumped by 309% to S$69m.

The company attributed the top-line growth to a recognition of revenue coming from its development projects – such as the Oxley Bizhub 2, Arcsphere, Viva Vista, RV Point and Suites@Braddell just to name a few – which eventually trickled down to the bottom-line.

The earnings bonanza allowed the company to declare much bigger dividends. Oxley had declared a dividend of 0.6 Singapore cents per share, subject to shareholders’ approval, for the fourth quarter of the recently completed financial year. That was a 130% increase from the split-adjusted dividends of 0.261 Singapore cents that was paid for the corresponding period last year.

In addition, the fourth quarter dividend of 0.60 Singapore cents also brought Oxley’s annual dividends for the FY ended June 2013 to 0.91 Singapore cents, up 187% from a split-adjusted pay-out of 0.317 Singapore cents in the previous FY.

Oxley Holdings’ shares ended Thursday’s trading session at S$0.365, giving it a dividend yield of 2.5% based on the full-year pay-out of 0.91 Singapore cents.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chong Ser Jing doesn’t own shares in any companies mentioned.