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3 Companies Paying Dividends This Week

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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. We shall focus on three of them.

1. Tuesday, 29 July 2014

A day after the festive occasion of Hari Raya Puasa, Suntec REIT (SGX: T82U), which owns Suntec City among other commercial and retail properties, will be going ex-dividend on Tuesday.

It is paying out a distribution of 2.266 Singapore cents per unit for the second quarter of its financial year, which coincides with the calendar year. For the quarter, gross revenue ballooned 45.1% year-on-year to S$68.1 million while net property income surged close to 65% to S$46.1 million. The incredible showing was due mainly to the opening of Suntec Singapore Convention & Exhibition Centre following the completion of refurbishments to the property.

Suntec REIT last changed hands at $1.835 on Friday. It is trading at a historical price-to-book ratio of 0.89 and sports a distribution yield of close to 5%.

2. Wednesday, 30 July 2014

On Wednesday, we will see CapitaMall Trust (SGX: C38U), the largest real estate investment trust in our shores with 16 local shopping malls in its portfolio, going ex-dividend.

It is dishing out 2.69 Singapore cents per unit for its second quarter. The REIT saw gross revenue increase 2.5% year-on-year to S$164.3 million with its distribution per unit (DPU) climbing 6.3%. Despite the growth, CapitaMall Trust’s malls actually saw shopper traffic and tenants’ sales fall by 2% and 3.7%, respectively, for the quarter.

CapitaMall Trust closed at $2.00 on Friday. It is trading at 1.1 times its book value and has the same approximate distribution yield as Suntec REIT.

3. Friday,2 August 2014

Singapore’s flagship carrier, Singapore Airlines (SGX: C6L),will be going ex-dividend on the last day of the week.

S$0.36 per share (inclusive of a special dividend of S$0.25 per share) will be handed out to shareholders for the airline’s fourth quarter for the financial year ended 31 March 2014. The airline saw a 1% increase in revenue to S$15.2 billion during the year but net profit had slumped by 5.1% to S$359.5 million.

SIA’s shares closed at $10.60 on Friday, giving the company a historical PE ratio of 35. It currently has a dividend yield of 4.3% including the special dividend, or 2% after stripping off the special dividend.

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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.