There are a few companies that are slated to go ex-dividend this week. Investors who want to receive dividends from those companies will need to own them before a specific date this week. We shall focus on three of them. 1. Monday, 17 August 2015 Healthcare provider Raffles Medical Group Ltd (SGX: R01) will be going ex-dividend today. The company, which is the largest private medical group practice in Singapore, is paying out a dividend of 1.5 Singapore cents for its fiscal second-quarter. For said quarter, Raffles Medical’s revenue increased by 7.2% year-on-year to S$99.25 million while net profit inched up…
There are a few companies that are slated to go ex-dividend this week. Investors who want to receive dividends from those companies will need to own them before a specific date this week. We shall focus on three of them.
1. Monday, 17 August 2015
Healthcare provider Raffles Medical Group Ltd (SGX: R01) will be going ex-dividend today.
The company, which is the largest private medical group practice in Singapore, is paying out a dividend of 1.5 Singapore cents for its fiscal second-quarter.
For said quarter, Raffles Medical’s revenue increased by 7.2% year-on-year to S$99.25 million while net profit inched up by just 2.2% to S$15.6 million.
The top-line growth was due to better performance in both the Healthcare Services and Hospital Services segments as compared to a year ago. Meanwhile, an increase in expenses – primarily staff costs as the company hired more hands in preparation for an expansion in its medical facilities – had dulled profit growth.
Shares of Raffles Medical last changed hands at $4.60 last Friday. It is trading at a trailing price-to-earnings (PE) ratio of 38 and sports a dividend yield of 1.2% (thanks to its annual dividend of 5.5 Singapore cents in 2014).
2. Wednesday, 19 August 2015
Two days after Raffles Medical goes ex-dividend, it will be retailer Dairy Farm International Holdings Ltd’s (SGX: D01) turn to step up to the plate. The firm’s dishing out a dividend of US$0.065 per share for the six months ended 30 June 2015.
Dairy Farm runs supermarkets, hypermarkets, convenience stores, and more across Asia. Investors in Singapore might be familiar with the company’s retail outlets like Cold Storage, Giant Hypermarket, and Guardian.
For the first-half of 2015, Dairy Farm’s revenue managed to step up by 5.5% year-on-year to US$5.6 billion due to broad-based growth in most of its business segments. But, its net profit slumped by 18% to US$192 million mainly as a result of margin pressures and adverse foreign exchange rate movements.
There have been some interesting recent moves that Dairy Farm’s management has made to possibly help boost future growth. In March, the company bought a Macau-based supermarket chain, San Miu Supermarket Limited. Then in April, Dairy Farm completed the purchase of a 19.99% interest in Yonghui Superstores Company Limited, a fast-growing Chinese grocery firm. Both acquisitions have “contributed positively to the first half results” of Dairy Farm.
As a quick update, Dairy Farm had subscribed for more shares in Yonghui Superstores last week after the latter had attracted an investment from Chinese e-commerce outfit JD.com.
Dairy Farm’s shares closed at US$7.21 on Friday. The firm is trading at 21 times its trailing earnings and carries a dividend yield of 3.2% with its annual dividend of US$0.23 per share in 2014.
3. Friday, 21 August 2015
On the last day of the week, Haw Par Corporation Ltd (SGX: H02), the owner of the medicinal Tiger Balm, will be going ex-dividend.
Beyond the balm, Haw Par Corporation also has interests in the leisure and property sectors too. In addition, the firm also has strategic investments in United Overseas Bank Ltd (SGX: U11), UOL Group Limited (SGX: U14) and United Industrial Corporation Ltd (SGX: U06).
Haw Par will be paying out a dividend of 6.0 Singapore cents per share for its fiscal second quarter.
For the three months ended 30 June 2015, Haw Par’s revenue had grown by 12.5% year-on-year S$51.2 million, mainly due to a 19.3% increase in sales from its Healthcare business. The segment saw “continued increase in sales from key markets.”
Moving down the income statement, profit for the period surged 87.8% to $115.9 million, on the back of “higher profit from operations, gains from partial disposal, and reclassification of Hua Han shares”.
Haw Par closed at S$8.65 on Friday. At that price, it has a trailing PE of 11 and a dividend yield of 2.3% on account of its annual dividend of S$0.20 in 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.