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 this week in order to receive their dividends. Let’s take a look at three of them.

1. Monday, 9 March 2015

Commodity outfit Noble Group Limited (SGX: N21), which came under immense pressure recently after its accounting practices and business model were criticised by a little known research firm, will be going ex-dividend today.

Noble’s paying 0.95 Singapore cents (converted from the declared amount of 0.7 US cents) per share for its fiscal fourth quarter. For that quarter, Noble Group reported a net loss of US$240 million, its first quarterly loss in three years.

The company’s shares closed at $1.055 on Friday – at that price, Noble is selling for 24 times its trailing earnings.

2. Wednesday, 11 March 2015

On Wednesday, Union Steel Holdings Ltd (SGX: V69), will be going ex-dividend. The firm is mainly involved in the trading of steel products and the recycling of ferrous and non-ferrous scrap metals.

It is dishing out 0.05 Singapore cents per share for its fiscal second quarter. For that quarter, which consists of the three months ended 31 December 2014, Union Steel’s revenue declined by 19.9% to S$31.7 million. This was mainly due to the decreased revenue from its recycling and trading business segments and lower turnover from its entity in Malaysia. Consequently, net profit plunged 46% to S$705,000.

Union Steel Holdings’ shares last exchanged hands at $0.125 on Friday. The company is now trading at 11 times its historical earnings.

3. Thursday, 12 March 2015

Cordlife Group Ltd  (SGX: P8A) will be going ex-dividend on Thursday. The company is a provider of cord blood banking services in a number of Asian nations and territories which include Singapore, Hong Kong, India, Indonesia, and the Philippines.

The company’s giving out 1.0 Singapore cent per ordinary share for its fiscal second quarter. For that quarter, revenue grew by 17.5% year-on-year to S$14.3 million, largely due to an increase in the number of client deliveries.

However, the bottom-line turned negative, mainly due to fair value changes on derivatives of a negative S$4.7 million. The net effect was a  quarterly net loss of S$3.3 million; for the same period a year ago, Cordlife’s  net profit was S$4.2 million.

The company closed at $0.95 on Friday and is trading at a trailing PE ratio of 22.

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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.