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, 20 April 2015

First Real Estate Investment Trust (SGX: AW9U), a real estate investment trust which owns healthcare assets like nursing homes and hospitals, will be going ex-dividend today.

It is paying a distribution of 2.06 Singapore cents per unit (a record high for the REIT) for its fiscal first quarter. For the three months ended 31 March 2015, gross revenue increased around 10% year-on-year to S$24.7 million, mainly on the back of a maiden contribution from a newly acquired hospital in Indonesia.

First REIT’s units closed at $1.42 on Friday. At that price, First REIT’’s trading at a historical price-to-book ratio of 1.4 and sports a distribution yield of close to 6%.

2. Wednesday, 22 April 2015

The world’s biggest rig builder, Keppel Corporation Limited (SGX: BN4), is pencilled in to go ex-dividend on Wednesday.

The conglomerate is dishing out 36.0 Singapore cents per ordinary share for its fiscal fourth quarter. For the full year ended 31 December 2014, Keppel Corp saw its revenue climb 7.3% to S$13.3 billion while earnings stepped up by 2.1% to S$1.9 billion.

Keppel Corp’s most recent fiscal first quarter earnings for the three months ended 31 March 2015 saw the firm’s profit grow by 6.4% to S$360 million. But, the firm’s top-line had shrank by some 6.1% to S$2.81 billlion.

Keppel Corp’s shares last exchanged hands at $9.25 on Friday. The company is trading at a historical price-to-earnings of close to 9 and has a dividend yield of around 5%.

3. Thursday, 23 April 2015

Sarine Technologies Ltd (SGX: U77) will be going ex-dividend on Thursday. The company sells proprietary tools for the processing of diamonds and other gemstones.

The firm’s is giving out 2.0 US cents per share for the fourth quarter ended 31 December 2014. For the full year, revenue grew 14.9% year-on-year to a record US$87.8 million while net profit increased 14% to US$27.2 million, a new record as well. The strong showing for the year was mainly due to higher sales from the Galaxy family of systems and increased revenue from other rough-diamond planning and processing products.

But while 2014 was a good year for Sarine, 2015 would likely be off to a bad start. On 12 April, Sarine released a profit guidance in which the firm stated its expectations that revenue for the first quarter of 2015 would likely shrink by around 50% compared to a year ago. Shares of Sarine promptly fell by more than 20% a day after the profit guidance was given.

Sarine, which closed at $2.04 on Friday, is trading at close to 20 times its historical earnings at that price. It also has a dividend yield of 2.5%.

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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.