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 focus on three of them.

1. Monday, 24 February 2014

Silverlake Axis Limited (SGX: 5CP), a leading provider of integrated end-to-end solutions to financial institutions such as banks, among others, will be going ex-dividend today.

It is paying out 0.9 Singapore cents per share for the quarter.

The shares last changed hands at $0.86 last Friday. It is trading at a historical price-to-earnings (PE) ratio of 22 and spots a dividend yield of close to 4%.

2. Monday, 24 February 2014

On the same day, Croesus Retail Trust (SGX: S6NU) is pencilled in to go ex-dividend as well. Croesus has a portfolio of four retail properties located in the Land of the Rising Sun, Japan.

It is dishing out 5.24 Singapore cents per unit for the first half of its financial year.

The units closed at $0.93 on Friday. The trust is trading at slightly more than one time its book value and has a distribution yield of 8.7%.

3. Wednesday, 26 February 2014

TEE Land Limited (SGX: S9B) will be going ex-dividend on Wednesday. TEE Land is the company that recently acquired Long House Food Centre at Upper Thomson Road.

It is giving out 0.5 Singapore cents per share for the second quarter. For the quarter, it saw a 23% year-on-year fall in revenue to S$2.4 million while the net profit was at S$1.7 million. In the previous year, it had a net loss of S$78,000.

TEE Land closed at $0.295 on Friday, trading at a historical PE ratio of 48. It currently has a dividend yield of 5%.

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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.