Oversea-Chinese Banking Corp. Limited is One of the 3 Companies Paying Dividends This Week

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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, 25 August 2014

Overseas-Chinese Banking Corp. Limited (SGX: O39), one of the oldest banks in Singapore and a pioneer company founded in our shares, will be going ex-dividend today.

It is paying out a dividend of S$0.18 per share for the second quarter. For that quarter, net profit grew 54% year-on-year to S$921 million. The strong performance was due to “higher net interest income, strong non-interest income growth, mark-to-market gains in the insurance business and continued cost discipline”.

Shares of the bank closed at S$10.41 on Friday, representing a trailing price-to-book ratio of 1.4.

2. Wednesday, 27 August 2014

On Wednesday, Jardine Cycle & Carriage Limited (SGX: C07), will be going ex-dividend. The company has a controlling stake of just slightly over 50% in Astra, a major listed Indonesian conglomerate with motor interests, palm oil plantations, and banking services amongst others.

For the second quarter of 2014, Jardine Cycle & Carriage is dishing out US$0.18 in dividends per share. The company’s revenue for the first half of the year had went down by 9% year-on-year to US$9.5 billion while net profit dropped 4% to US$433 million.

Jardine Cycle & Carriage’s shares last exchanged hands at S$44.50 on Friday and they are going at a historical price-to-earnings (PE) ratio of 14.

3. Friday, 29 August 2014

Commodity firm First Resources Ltd (SGX: EB5) will be going ex-dividend on Friday. It is a palm oil producer and now operates twelve palm oil mills in Indonesia.

The company is giving out a dividend of 1.25 Singapore cents per ordinary share for the second quarter of 2014. First Resources had been hit hard by declining crude palm oil prices: Despite revenue for the first half of the year dipping slightly by 1.4% year-on-year to US$290 million, net profit actually slumped by 30% to US$71 million.

Shares of First Resources last traded at S$2.06 on Friday. It is valued at a historical PE ratio of close to 13.

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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.