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3 Companies Paying Dividends This Week

Credit: Simon Cunningham

There are a few companies that are slated to go ex-dividend this week. Let’s take a look at three of them.

1. Wednesday, 15 June 2016

On Wednesday, Asian Pay Television Trust  (SGX: S7OU), or APTT, is scheduled to go ex-dividend. The trust “is the first listed business trust in Asia focused on pay-TV businesses.”

It is giving out a distribution of 1.625 Singapore cents per unit for its fiscal first-quarter (the three months ended 31 March 2016).

In the quarter, APTT’s revenue dipped by 6.2% from S$65.8 million a year ago to S$61.7 million. This was on the back of all three of its business segments – Basic cable TV, Premium digital cable TV, and Broadband – suffering a decline in sales. Consequently, APTT’s EBITDA (earnings before interest, taxes, depreciation, and amortization) slipped by 5.4% year-on-year to S$46 million.

Units of APTT closed at a price of $0.585 last Friday. At that price, the trust is trading at a historical price-to-book (PB) ratio of 0.7 and has a trailing distribution yield of 13.5%.

2. Thursday, 16 June 2016

BreadTalk Group Limited  (SGX: 5DA) is slated to go ex-dividend on Thursday. Many Singaporeans will be familiar with this company as it’s the owner of the BreadTalk bakeries that are behind the famous pork floss buns. On top of having its namesake bakeries, the food & beverage retail company has other brands under its umbrella such as Food RepublicRamen Play, Toastbox, Din Tai Fung, and more.

The group is dishing out a special dividend of 1.35 Singapore cents for the first-quarter of 2016. This dividend was declared on the back of the company’s divestment of retail mall, 112 Katong, a non-core real estate investment. It represents around 45% of the gain that BreadTalk had enjoyed from the sale.

BreadTalk had started 2016 on a good note. Its revenue had inched up by 1.4% year-on-year to S$154.6 million while its profit attributable to shareholders climbed by 22.2% to S$2.45 million. The company’s Restaurant segment had done well with a 9% revenue increase, which offset declines in the Bakery and Food Atrium segments.

Shares of BreadTalk last exchanged hands at S$1.15 on Friday. They now carry a PE ratio of 40 and a dividend yield of 1.3%.

3. Friday, 17 June 2016

On the last day of the week, Sinarmas Land Ltd  (SGX: A26), will be going ex-dividend. Sinarmas is in the property business and is active in Indonesia, China, Malaysia, and Singapore. The bulk of its business actually resides in Indonesia.

The firm is giving out 0.19 Singapore cents per share for its fiscal fourth-quarter (the three months ended 31 December 2016).

In 2015, Sinarmas Land’s sales grew by 15.5% to S$956.7 million even though the Indonesian rupiah had weakened during the period. But, the company’s net profit attributable to shareholders had tumbled by 40.5% to S$143.1 million due to the absence of one-off gains of S$88.6 million seen a year ago largely from the sale of the New Brooks Building in London. Higher finance costs and foreign exchange losses also contributed to the decline in net profit.

Sinarmas Land’s shares closed at S$0.455 on Friday. At that price, they are trading at a PB ratio of 1.1 and have a dividend yield of less than 1%.

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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.