There are a few companies that will be going ex-dividend on Wednesday, 3 August 2016. In order to receive the dividends from those companies, you need to own them before Wednesday. Let’s take a look at three such randomly-chosen companies.
1. Courts Asia Ltd (SGX: RE2)
Courts Asia is one of the leading electrical products, IT products, and furniture retailers in Singapore and Malaysia. The company is dishing out 1.29 Singapore cents per ordinary share for its fiscal fourth-quarter, the three months ended 31 March 2016.
For the fiscal year ended 31 March 2016, Courts Asia’s revenue increased by 1.6% year-on-year to S$770.4 million on the back of broad-based growth in all the company’s geographical markets. As for the bottom-line, cost savings initiatives and lower allowance of impairment of trade receivables pushed net profit 16.8% higher to S$20.3 million.
Looking ahead, the firm said it is “optimistic of its longer-term outlook and will continue to focus on a measured approach to steer well amidst macro challenges.”
It also added that “cost optimisation will continue to be an important element to drive efficiencies and at the same time, Courts Asia intends to stay ahead of competition by refreshing its store experience and enhancing its omni-channel customer experience to reach out to a wider market segment.”
The retail outfit’s shares closed at S$0.405 each yesterday. At that price, the company has a trailing price-to-earnings (PE) ratio of 10.5 and a trailing dividend yield of 3.2%.
2. Global Logistic Properties Ltd (SGX: MC0)
Global Logistic Properties (GLP) prides itself as being a leading provider of modern logistics facilities in China, Japan and Brazil. The company holds second spot in the US modern logistics market. As of 31 March 2016, GLP has a global portfolio of 52 million square meters and serves some 4,000 customers.
GLP is paying 6.0 Singapore cents per share for the fourth-quarter of its fiscal year ended 31 March 2016 (FY2016). In FY2016, the firm posted revenue growth of 10% to US$777 million. The bottom-line did way better with profit jumping 48% to US$719 million.
Ming Z. Mei, GLP’s chief executive, had the following comments on the earnings:
“In FY16, GLP saw solid results across our three business pillars – operations, development and fund management. Against a more cautious macro-economic environment, the results highlight the value of our solutions and strong ‘Network Effect’…
We are confident in the long-term outlook of our markets and will maintain strong investment discipline with a focus on locations that are seeing good demand and limited supply.”
The company’s shares closed yesterday’s trading session at a price of $1.95 each. That translates to a historical price-to-book (PB) ratio of 0.8 and a trailing dividend yield of close to 3%.
3. Oversea-Chinese Banking Corp Limited (SGX: O39)
OCBC, which was formed in 1932, is the longest established local bank. It is also the second-largest banking group in Singapore by total assets and has a presence in more than 18 countries and territories.
The bank is paying out a dividend of 18 Singapore cents per share for the second quarter of 2016. In the three months ended 30 June 2016, OCBC’s total revenue came in 8% lower year-on-year at S$2.05 billion while its net profit declined by a sharper 15% to S$885 million.
Nonetheless, the bank’s chief executive, Samuel Tsien, thinks that OCBC’s credit quality is “well-maintained.” He also said that OCBC is “well-positioned to weather the uncertainties ahead and capture new opportunities as they arise.”
Shares of OCBC last changed hands at S$8.66 each yesterday. The bank has a a historical PB ratio of 1.1 at that price and has a trailing yield of 4.1%.
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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.