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3 Companies Paying Dividends This Week

dividends bag of cash money

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

1. Monday, 21 July 2014

First REIT (SGX: AW9U), which owns healthcare-related assets in Indonesia, Singapore, and South Korea, will be going ex-dividend today.

It is paying out a distribution of 2.0 Singapore cents per unit for its second quarter. The real estate investment trust’s quarterly gross revenue rose by 14.5% year-on year to S$23.0 million while net property income increased by 15.4% to S$22.7 million. New hospitals that were acquired recently had helped to boost the REIT’s net property income.

Units of the REIT closed at S$1.25 last Friday, giving it a price-to-book ratio of 1.3.

2. Tuesday, 22 July 2014

Tomorrow, SMRT Corporation (SGX: S53) will be going ex-dividend. It is one of the two major providers of public transport in our shores.

SMRT is dishing out 1.2 Singapore cents per ordinary share for its financial year ended 31 March 2014. Revenue went up by 4% year-on-year to $1.2 billion due to higher revenue in most business segments the firm operates in.

The company’s shares last exchanged hands at S$1.605 last Friday; at that price they are valued at a trailing price-to-earnings (PE) ratio of 39.

3. Friday, 25 July 2014

Cortina Holdings (SGX: C41)will be going ex-dividend on Friday. The firm is a retailer and distributor of international luxury timepieces in Asia.

The company is giving out 3.0 Singapore cents per ordinary share for the full year. The time piece seller grew its revenue by 13% to S$415.1 million while its net profit came in 11.3% higher at S$18.4 million.

Shares of Cortina last traded at S$0.87 last Friday. It is trading at a historical PE ratio of close to 8.

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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.