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3 Companies Paying Dividends This Week

Money tree 2 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, 6th January 2014

Property developer, Oxley Holdings (SGX: 5UX), will be going ex-dividend on Monday.  The firm is engaged in the development of residential, commercial, and industrial projects. Its recently launched residential projects include Oxley Edge at River Valley Road, NEWest at West Coast Drive and The Midtown & Midtown Residences at Upper Serangoon Road.

It is paying 3.0 Singapore cents per ordinary share for the first quarter of 2014.

The shares closed at $0.615 on Friday and it is trading at a historical price-to-book (PE) ratio of close to 3. Its dividend yield stands at 1.5%.

 2.  Wednesday, 8th January 2014

Hiap Seng Engineering (SGX: 510), which is involved in mechanical engineering, plant fabrication and installation and plant maintenance in the oil-and gas, petrochemical and pharmaceutical industries in Singapore, Asia Pacific and other regions, is slated to go ex-dividend on Wednesday.

It is dishing out 0.5 Singapore cents per ordinary share for the second quarter of 2014 (2Q 2014).

The shares exchanged hands at $0.23 on Friday. The company is trading at 9 times last year’s earnings and is sporting a dividend yield of close to 4%.

 3. Thursday, 9th January 2014

JK Tech Holdings (SGX: 5TS) will be going ex-dividend on Thursday. The company supplies and sells a wide range of IT products from different IT vendors, comprising computer hardware and software products. It also provides IT solutions to small and medium enterprises.

It is giving out 0.4 Singapore cents per ordinary share for the 2Q 2014.

The company closed at $0.175 on Friday. It is trading at a historical PE ratio of around 43 and has a dividend yield of 2.3%.

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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.