3 Companies Paying Dividends This Week

dividends pic

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.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

The Motley Fool’s purpose is to help the world invest, better. Like us on Facebook  to keep up-to-date with our latest news and articles.

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.