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2 Blue-Chip Stocks Paying Dividends on Tuesday

There are a few blue chip stocks – constituents of the Straits Times Index  (SGX: ^STI) – that are pencilled in to go ex-dividend on Tuesday. In other words, you need to own them before that day in order to receive their dividends. Let’s take a look at two of them.

1. Sembcorp Marine Ltd (SGX: S51)

The oil-rig builder is giving out a dividend of S$0.02 per share for its fiscal fourth-quarter.

In Sembcorp Marine’s latest financials (for the full year ended 31 December 2015), the company reported a 14.8% year-on-year decline in revenue to S$5 billion while its bottom-line came in at a negative S$290 million. The main culprit was the plunge in oil prices seen since mid-2014.

Just last week, one of Sembcorp Marine’s major customers, Brazilian oil & gas giant Sete Brasil, had filed for bankruptcy.

Sembcorp Marine’s shares closed at S$1.84 on Friday. That price gives the firm a price-to-book ratio of 1.5 and a trailing dividend yield of 3%.

2. Singapore Exchange Limited (SGX: S68)

Last week, stock market operator and regulator, Singapore Exchange Limited (SGX: S68), posted its fiscal third-quarter earnings for the three months ended 31 March 2016. The firm posted slight year-on-year growth in revenue and profit of 3.3% (to S$206 million) and 1.1% (to S$89 million), respectively.

The firm will be paying a dividend of S$0.05 per share for the reported quarter. This is a 20% jump from the S$0.04 per share dividend seen a year back.

Singapore Exchange is valued at 22 times trailing earnings at its closing stock price of S$7.76 last Friday. The firm also has a trailing dividend yield of 4.0%.

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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.