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3 Companies Paying Dividends in the Days Ahead

Credit: Simon Cunningham

There are a few companies that will be going ex-dividend over the rest of the week. Investors who want to receive dividends from those companies will need to own them before a specific date this week. Let’s take a look at three such shares.

1. Wednesday, 5 August 2015

Oil and gas services provider MTQ Corporation Limited  (SGX: M05) will be going ex-dividend on Wednesday. More specifically, the firm is involved in oilfield equipment repairs and rental operations, among other lines of business.

MTQ will be paying out a dividend of 2.0 Singapore cents per share for its fiscal fourth-quarter ended 31 March 2015.

For that quarter, MTQ’s top-line had tumbled by 19% year-on-year to S$63.8 million. The lower revenue had some strong effects on the bottom-line with MTQ reporting a loss of S$6.5 million. In the same quarter the previous year, MTQ had produced S$5.5 million in net profit. The poor showing was due to weaker demand from oilfield engineering services in Singapore and from Binder, a company which was acquired by MTQ in early 2014.

MTQ’s recent fiscal first-quarter earnings (for the quarter ended 30 June 2015) saw the continuation of a poor set of numbers. The firm’s quarterly revenue had fallen hard by 22% to S$60 million. Meanwhile, a profit of S$4.1 million a year ago had turned into a loss of S$2.3 million.

MTQ’s shares closed Monday at S$0.61.

2. Thursday, 6 August 2015

A day after MTQ dishes out some cash to its shareholders, curry puff purveyor Old Chang Kee Ltd  (SGX: 5ML) will be going ex-dividend.

The food and beverage (F&B) out will be distributing 1.5 Singapore cents per ordinary share in dividends for its fiscal fourth-quarter.

For the year ended 31 March 2015, Old Chang Kee’s revenue grew 4% year-on-year to S$71.6 million on the back of growth in both its retail division as well as delivery and catering services. As usual, Old Chang Kee’s signature puff products remained the major contributor to its revenue, contributing to around 31.8% of total sales.

Old Chang Kee’s shares last exchanged hands at S$0.74 yesterday. At that price, Old Chang Kee’s valued at 17 times its trailing earnings.

3. Thursday, 6 August 2015

One of Singapore’s leading food caterers, Neo Group Ltd  (SGX: 5UJ), will be going ex-dividend on Thursday as well.

Neo Group’s dividend this time around will come up to 1.05 Singapore cents per ordinary share.

The company, which only recently changed its financial year end from 31 January to 31 March, saw its revenue for the 14 months ended 31 March 2015 clock in at S$77.4 million with net profit coming in at S$7.4 million. As a comparison (keeping in mind that it’s not an apples-to-apples situation), Neo Group reported revenue and net profit of S$52.4 million and S$6.4 million, respectively, for the 12 months ended 31 January 2014.

Neo Group’s shares closed Monday at S$0.835, representing a historical PE ratio of close to 16.

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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.