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3 Companies Paying Dividends This Week

There are a few companies that are slated to go ex-dividend this week. In other words, you need to own them before a specific date this week in order to receive their dividends. Let’s take a look at three of them.

1. Monday, 25 November 2013

Serial System Limited (SGX: S69), an electronic component distributor and the largest at that listed in Singapore Exchange, will be going ex-dividend on Monday.

It is paying 0.25 Singapore cent per ordinary share for the third quarter of 2013 (3Q 2013).

For 3Q 2013, the company posted a 24% rise in revenue to US$222.7 million and a net profit growth of 29% to US$2.9 million.

The shares closed at $0.125 on Friday and it is trading at a historical price-to-earnings (PE) ratio of 9.3. Its dividend yield stands at 4.2%.

2. Tuesday, 26 November 2013

Silverlake Axis Limited (SGX: 5CP) is pencilled in to go ex-dividend on Tuesday. The company provides end-to-end universal integrated banking solution to financial institutions.

It is dishing out 0.8 Singapore cent per ordinary share for the first quarter of 2014.

For the quarter, revenue was up 27% to RM101.4 million and net profit surged 29% to RM51.2 million.

The shares exchanged hands at $0.875 on Friday. The company is trading at a historical PE ratio of 25.1 and is sporting a dividend yield of 3.5%.

3. Thursday, 28 November 2013

Manufacturer of aluminium alloy extruded products for the passenger rail transportation sector in the People’s Republic of China, Midas Holdings Limited (SGX: 5EN), will be going ex-dividend on Thursday.

It is handing out 0.25 Singapore cents per ordinary share for 2Q 2013.

For the quarter, the revenue grew 29.2% to RMB284.0 million. The net profit ballooned 834.1% to RMB14.9 million, mainly due to a share of profit of RMB3.1 million from its associated company, Nanjing SR Puzhen Rail Transport.

Midas closed at $0.495 on Friday. It is trading at a historical PE ratio of 67.1 and has a dividend yield of 1%.

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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 Sudhan P doesn’t own shares in any companies mentioned.