3 Companies Paying Dividends on Wednesday

Credit: Simon Cunningham

There are a few companies that are slated to go ex-dividend on Wednesday, 18 March 2015. In other words, you need to own them before that day in order to receive their dividends. Let’s take a look at three of them. Incidentally, all the companies mentioned below are linked to one another.

1. Jardine Strategic Holdings Limited (SGX: J37)

Jardine Strategic’s a conglomerate with stakes in many other listed entities, including Hongkong Land Holdings Limited  (SGX: H78) and Dairy Farm International Holdings Ltd (SGX: D01).

The conglomerate’s paying US$0.19 per share in dividends for the second half of its fiscal year. For the fiscal year ended 31 December 2014, Jardine Strategic saw its revenue grow by 2% year-on-year to US$62.8 billion while net profit increased by 8% to US$1.8 billion.

Jardine Strategic closed at US$34.32 last Friday and is trading at a historical price-to-earnings (PE) ratio of close to 12. Its dividend yield stands at 0.8% (based on its total payout of US$0.27 per share for 2014).

2. Hongkong Land Holdings

As its name suggests, Hongkong Land is a property investment, management, and development group that has the majority of its real estate portfolio in Hong Kong. In Singapore, the firm has stakes in Marina Bay Financial CentreOne Raffles Link, and One Raffles Quay.

The company is dishing out US$0.13 in dividends for the second half of its fiscal year. For the whole of 2014, the property outfit’s revenue came in at US$1.8 billion, up 1% from a year ago while net profit increased by 12% to US$1.3 billion.

Hongkong Land’s shares last exchanged hands last Friday at US$7.71 apop. At that price, the company is trading at a historical price-to-book ratio of 0.7 and is sporting a dividend yield of 2.5% (based on its total dividend of US$0.19 per share for 2014).

3. Dairy Farm

Dairy Farm is the firm behind Cold Storage7-Eleven, and Guardian in Singapore and in many other parts of Asia. The company is also the proud owner of mass-market supermarkets like Giant and high-end supermarkets like Jasons MarketPlace.

The pan-Asian retailer is giving out US$0.165 per share in dividends for the second half of its fiscal year. For the financial year ended 31 December 2014, Dairy Farm’s revenue grew by 5% to US$13.1 billion while its net profit came in at US$509 million, up 2% compared to a year ago.

A positive showing from the retailer’s Health and Beauty, Home Furnishings, and Restaurants business segments helped offset a poorer performance in the Food segment.

Dairy Farm’s shares closed at at US$9.56 on Friday. It is trading at a historical PE ratio of 25 and has a dividend yield of 2.4% (based on its dividend of US$0.23 per share for the whole of 2014).

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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.