3 Stocks Paying Dividends This Week

There are a few companies and trusts that are slated to go ex-dividend this week. Investors who want to receive dividends from them will need to own them before their specific ex-dividend date this week. Let’s take a look at three such companies and/or trusts.

1. Wednesday, 17 February 2016

Croesus Retail Trust (SGX: S6NU), a business trust that owns eight retail properties in Japan, will be going ex-dividend on Wednesday.

The trust is paying 3.50 Singapore cents per unit for the six months ended 31 December 2015.

For the period, gross revenue came in at JPY4.4 billion, up 21.2% year-on-year. This was mainly due to the trust’s acquisitions of One’s Mall and Torius (in October 2014 and October 2015, respectively). A tenant renewal exercise at Mallage Shobu also played a role in the top-line growth. But because of higher expense ratios in One’s Mall and Torius, the trust’s net property income for the period had increased by ‘only’ 12.4% year-on-year to JPY2.6 billion.

Croesus Retail Trust’s units closed at S$0.80 on Monday. At that price, the trust is valued at 0.9 times its latest book value. It also has an annualised distribution yield of 8.75%.

2. Thursday, 18 February 2016

Postal and e-commerce logistics services provider Singapore Post Limited  (SGX: S08) is penciled to go ex-dividend on Thursday.

Singapore Post is dishing out 1.50 Singapore cents per ordinary share for its fiscal third-quarter. In that quarter, Singapore Post continued a familiar trend of outstanding revenue growth but tepid profit increases. To that point, the company’s quarterly revenue had surged by 32% year-on-year to S$316.2 million while net profit had inched up by only 0.6% to S$43.5 million.

The company’s shares last exchanged hands at $1.34 on Monday. The company is valued at 18 times trailing earnings at that price and is sporting a dividend yield of 5.2% thanks to an annual dividend of S$0.07 per share for its fiscal year ended 31 March 2015.

3. Thursday, 18 February 2016

Construction firm Lum Chang Holdings Limited  (SGX: L19) will be going ex-dividend on Thursday as well.

It is giving out 0.75 Singapore cents per ordinary share for its fiscal second-quarter (three months ended 31 December 2015). For the quarter, Lum Chang’s revenue rose by a strong 35% year-on-year to S$100.1 million while net profit came in at S$12 million, an even higher 66% jump. The company’s revenue growth was mainly due to the beginning of revenue recognition for two construction projects.

Shares of Lum Chang closed at $0.37 on Monday. At that price, the company’s valued at a mere 4 times trailing earnings. It has a dividend yield of 5.4% based on its annual dividend of S$0.02 per share for the year ended 30 June 2015.

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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.