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 in the week so as to receive their dividends. Let’s look into three of them.

1. Monday, 3rd March 2014

OUE Hospitality Trust (SGX: SK7) will be going ex-dividend today. The trust, which owns the 1,051-room hotel the Mandarin Orchard Singapore and its adjacent retail space the Mandarin Gallery, will be paying out a distribution of 2.90 Singapore cents per unit for the latest quarter.

For the period from 25th July 2013 to 31st December 2013, gross revenue was 1.3% higher than its initial public offering (IPO) forecast mainly due to better performance recorded by Mandarin Orchard Singapore. Net property income was 1.4% higher than the trust’s forecast due to higher revenue recorded. Meanwhile, income available for distribution was 2.4% higher because of higher net property income coupled with lower trust expenses. Consequently, OUE Hospitality Trust’s distribution per unit was 2.1% higher than forecast.

The shares closed at S$0.885 on Friday and it is trading at a historical price-to-book (PB) ratio of 0.96. Its projected annualised distribution yield is close to 7%.

2. Wednesday, 5th March 2014

Casa Holdings (SGX: C04), a distributor of home and cooking appliances, kitchen and bathroom fixtures and accessories, will be going ex-dividend two days after OUE Hospitality Trust.

It is dishing out 1.0 Singapore cent per ordinary share for the full year. Revenue was flat at S$31 million but net profit rose close to 1% year-on-year to S$9.5 million.

The shares exchanged hands at S$0.21 on Friday. The company is trading at a historical price-to-earnings (PE) ratio of 4.6 and is sporting a dividend yield of around 5%.

3. Thursday, 6th March 2014

Transview Holdings (SGX: T19) will be going ex-dividend on Thursday. The firm is a wholesaler, retailer, importer and exporter of golf equipment and accessories.

The company is giving out 0.2 Singapore cent per ordinary share for the full year. Revenue declined 11% year-on-year to S$29.5 million and it also suffered a loss of S$2.4 million. In the previous year, Transview managed a net profit of S$906,000.

The shares last traded at S$0.176 on Friday. It is trading at a historical PB ratio of close to 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.