3 Companies Paying Dividends This Week

There are a few companies 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. Let’s take a look at three such companies.

1. Tuesday, 12 April 2016

On Tuesday, M1 Ltd (SGX: B2F) is pencilled to go ex-dividend. M1, as many in Singapore may know, is one of the three telecommunications firms in Singapore. The other two operators are Singapore Telecommunications Limited (SGX: Z74) and StarHub Ltd (SGX: CC3).

The company is paying a dividend of S$0.083 Singapore cents per share for the final quarter of its financial year ended 31 December 2015.

For the full year of 2015, M1’s revenue grew by 7.5% to S$1.2 billion, largely on the back of higher handset sales. Meanwhile, its net profit inched up by 1.5% to around S$179 million. The company will be announcing its first-quarter results on Wednesday, 13 April 2016.

M1’s shares closed at a price of S$2.61 last Friday. It is trading at a trailing price-to-earnings (PE) ratio of 14 and sports a trailing dividend yield of 5.9% thanks to its dividend of S$0.153 per share in 2015.

2. Thursday, 14 April 2016

iFAST Corporation Ltd  (SGX: AIY) is slated to go ex-dividend on Thursday. The company, which is an owner of internet-based investment products distribution platforms with assets under administration S$5.64 billion, is a fairly new stock in Singapore’s market as it got listed only on December 2014.

iFAST is dishing out 0.75 Singapore cents per share in dividend for its latest fiscal fourth-quarter ended 31 December 2015.

The company had a decent year in 2015. Its revenue for the year climbed by 9% to S$85.3 million and its profit had spiked by 42% to S$12.1 million. But as a result of the higher share count stemming from the initial public offering, iFAST’s earnings on a per-share basis had dipped by 8.1%. Shares of iFAST last exchanged hands at S$1.26 last Friday, giving the company a trailing PE and dividend yield of 27 and 2.2% respectively.

3. Thursday, 14 April 2016

On the same day as iFAST, Singapore O&G Ltd  (SGX: 41X), will be going ex-dividend too. The firm is a healthcare services provider with a focus on women’s health and wellness; the “O&G” in the company’s name is an abbreviation of “obstetrics and gynaecology.” In a similar manner to iFAST, Singapore O&G is also a new company in Singapore’s stock market, having been listed in early July 2015.

Singapore O&G will be giving out a dividend of 1.15 Singapore cents per share for its latest fiscal fourth-quarter ended 31 December 2015.

The healthcare outfit had a strong showing in 2015 with its revenue growing by 21% to S$16.4 million and profit jumping by 26% to S$5.3 million. Singapore O&G had credited higher patient loads and a better performance from its Cancer specialists clinics for its revenue growth.

At its closing share price of S$0.765 last Friday, Singapore O&G has a trailing PE ratio of 29 and a dividend yield of 2.7% thanks to its 2015 dividend.

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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.