There are a few companies that are pencilled in 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 take look at three of them.
1. Tuesday, 14 April 2015
Global Premium Hotels Ltd (SGX: P9J), which operates 23 hotels under the Fragrance and Parc Sovereign brands here in Singapore, will be going ex-dividend on Tuesday.
It is paying out a dividend of 0.5 Singapore cent per share for its fiscal fourth quarter.
For its fiscal year ended 31 December 2014, the hotelier’s top-line increased by 1.5% year-on-year to S$61.5 million while its net profit went up 9.7% to S$21.2 million. The better showing in revenue was mainly because of a S$6 million contribution from Parc Sovereign Hotel – Tyrwhitt which started operations in early June 2014.
Shares of Global Premium Hotels closed at S$0.345 on Friday and carry a historical price-to-book ratio of 0.5. The dividend yield is at 1.4%.
2. Thursday, 16 April 2015
Internet-based investment products distribution platform iFAST Corporation Ltd (SGX: AIY) is slated go ex-dividend on Tuesday. The company’s the owner of Fundsupermart.com, an online unit trust distributor.
The firm, which went public at the end of last year, is dishing out 0.68 Singapore cents per ordinary share for its fiscal fourth quarter.
Net revenue for the fiscal year ended 31 December 2014 was at S$36.7 million, 16.1% higher year-on-year. The higher net revenue was mainly due to increased inflow of investments from customers and a rise in customers’ subscriptions of investment products, such as unit trusts and bonds. (Net revenue is revenue earned after deducting commission and fee paid or payable to third party financial advisers.)
Meanwhile, iFAST’s earnings went up 1.1% to S$8.6 million. If expenses related to its initial public offering and a one-off gain from distribution to owners of the company were excluded, net profit would have risen 33.7% to S$10.5 million.
iFAST’s shares exchanged hands at S$1.26 on Friday. The company is now trading at 31 times its historical earnings.
3. Friday, 17 April 2015
Telecommunications outfit M1 Ltd (SGX: B2F) will be going ex-dividend on Friday.
The company is giving out 11.9 Singapore cents per ordinary share for its fiscal fourth quarter.
For the quarter, revenue grew by 24.3% year-on-year to S$346.4 million, due to an increase in handset sales. Meanwhile, net profit went up by around 10% to S$44.5 million.
M1 last traded at S$3.89 on Friday. It’s valued at a historical PE ratio of 21 and has a dividend yield of close to 5%.
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.