3 Companies Paying Dividends Today

Money tree There are a few companies that will be going ex-dividend today. Let’s take a look at three of them

1. Ascendas Hospitality Trust (SGX: Q1P)

The trust, which owns 11 properties in the Hospitality segment in countries such as Singapore, China, Japan and Australia, is paying 1.67 Singapore cents per ordinary share for the first half of 2014. The distribution above includes the distribution for both the first quarter at 0.26 Singapore cents and the second quarter of 2014 at 1.41 Singapore cents.

 For the second quarter, the gross revenue was at S$53.1 million and income available for distribution came up to S$14.6 million.

 The shares closed at $0.76 on Friday and it is trading at a price-to-book (PB) ratio of close to 1. The distribution yield is close to 7%.

2. Courts Asia Limited (SGX: RE2)

One of the leading electrical products, IT products and furniture retailers in Singapore and Malaysia, Courts Asia, is dishing out 0.76 Singapore cent per ordinary share for the second quarter of 2014.

 For the quarter, the revenue went up by 3.3% to S$222.9 million but the net profit plunged 55.0% to S$7.2 million. The revenue was up mainly due increased sales in Singapore for digital products and air systems category. The net profit decline was mainly due to a 66.8% increase in finance costs.

 The shares last traded at $0.67 on Friday. The company is trading at a historical PE ratio of 9 and is sporting a dividend yield of 2.6%.

3. SIA Engineering Limited (SGX: S59)

SIA Engineering, which is a major provider of aircraft maintenance, repair and overhaul services and a subsidiary of Singapore Airlines (SGX: C6L), is giving out 7.0 Singapore cents per ordinary share for second quarter of 2014.

For the latest quarter, SIA Engineering posted a revenue growth of 3.3% to S$293.9 million and the net earnings increased by 5.8% to S$71.0 million.

 The company closed at $5.00 on Friday. It is trading at a historical PE ratio of 20.6 and has a dividend yield of 4.3%.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook   to keep up-to-date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

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