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Riverstone Holdings Limited is 1 of the 3 Companies Paying Dividends This Week

Credit: Simon Cunningham

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 delve into three of them right away.

1. Monday, 15 September 2014

Neo Group Ltd (SGX: 5UJ), which is mainly involved in the food catering business, will be going ex-dividend on Monday.

It is paying out a dividend of 1.05 Singapore cents per share for the first half of its financial year. For the six months ended 31 July 2014, revenue grew by 21.2% year-on-year to S$28 milliom while net profit slumped 9.1% to S$2.5 million. Increase in expenses related to staffing and advertising activity was one of the reasons cited for the drop in earnings.

Neo’s shares closed at S$0.955 on Friday and it is trading at a historical price-to-earnings (PE) ratio of 21. Its dividend yield is at 2.7%.

2. Wednesday, 17 September 2014

Asian Pay Television Trust (SGX: S7OU), or APTT, will be going ex-dividend two days later. The business trust is the first of its kind in Singapore as it has a unique focus on pay TV business assets.

APTT is dishing out 4.12 Singapore cents per unit for the second quarter of 2014. Total revenue was at S$79.2 million while Asset EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at S$52 million for the quarter.

The business trust’s units exchanged hands at S$0.895 on Friday. APTT is trading at a historical price-to-book ratio of 0.97 and is sporting a distribution yield of around 9%.

3. Thursday, 18 September 2014

Riverstone Holdings Limited (SGX: AP4) will be going ex-dividend on Thursday. The firm is involved in the manufacture of nitrile and natural rubber cleanroom gloves and premium nitrile gloves for the healthcare industry.

The company is giving out 2.35 Malaysian sens per share for its second fiscal quarter. Revenue grew 7.1% year-on-year while net profit went up 11.3% to RM16.1 million.

Riverstone last traded at S$0.97 on Friday. It is valued at 14 times its historical earnings and has a dividend yield of close to 3%.

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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.