3 Companies Paying Dividends This Week

There are a few companies that are slated to go ex-dividend this week. In order to receive the dividends from those companies, you need to own them before a specific date this week. Let’s take a look at three such companies that are chosen at random.

1. Tuesday, 26 July 2016

Japan Foods Holding Ltd  (SGX: 5OI) will be going ex-dividend on Tuesday. The firm is a Japanese restaurant chain owner which operates the Ajisen Ramen brand and others such as Menya Musashi and Kazokoutei.

It is dishing out 1.25 Singapore cents per share for its recent fiscal fourth-quarter, the three months ended 31 March 2016.

For the year ended 31 March 2016 (FY2016), Japan Foods’ revenue was essentially flat – it had increased by a mere 0.2% to S$62.8 million as compared to a year ago. Unfortunately, net profit had slipped by 20% year-on-year to S$3.8 million. The decline was mainly due to a one-time impairment charge of S$810,000 in relation to certain store closures.

On Japan Foods’ results, Takahashi Kenichi, the company’s executive chairman and chief executive, said:

“I am satisfied with the Group’s performance especially in light of the intense competition in the market and the current slowdown in the economy that has led to weaker consumption trends. Despite the challenging conditions, we were able to maintain our revenue at the same levels as the previous financial year.”

The company’s shares closed last Friday at $0.37 each. It is trading at a trailing price-to-earnings (PE) ratio of 17 and has a dividend yield of 5.4% thanks to its dividend of S$0.02 per share in FY2016. 

2. Tuesday, 26 July 2016

On the same day, M1 Ltd (SGX: B2F) will go ex-dividend too. M1, as many of you may know, is one of the three telecommunication firms in Singapore.

The company is paying a dividend of 7.0 Singapore cents per share for its fiscal second-quarter, which is the second-quarter of 2016. In those three months, M1’s revenue had slumped by 13.2% year-on-year to $240 million mainly due to lower handset sales. Consequently, its net profit had dropped by 7.5% to $41 million.

With a closing price of S$2.72 last Friday, M1 has a PE ratio of 15 and a dividend yield of 5.6% given its 2015 dividend of S$0.153 per share.

3. Wednesday, 27 July 2016

SIA Engineering Company Limited  (SGX: S59) – an aircraft maintenance, repair, and overhaul firm – is set to go ex-dividend on Wednesday.

It is dishing out 8.0 Singapore cents per share for the fourth-quarter of its fiscal year ended 31 March 2016 (FY2016).

FY2016 wasn’t a good year for the aero engineer. Both its top- and bottom-line saw low single-digit declines. In the case of the former, there was a 0.7% dip to S$1.1 billion; as for profit, it slipped by 3.7% to S$176.6 million.

SIA Engineering attributed the performance to (1) lower airframe and component overhaul revenue; (2) loss on liquidation of an associated company; and (3) lower share of profits from associated and joint venture companies.

The aero engineer’s shares were worth S$3.78 apiece last Friday. At that price, the company is valued at 24 times trailing earnings and has a dividend yield of 3.7% given its FY2016 dividend of S$0.14 per share.

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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.