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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. In order to receive the dividends from those companies, you need to own them before their ex-dividend dates. Let’s take a look at three such companies that are randomly-chosen.

1. Tuesday, 23 August 2016

On Tuesday, Sarine Technologies Ltd (SGX: U77) is slated to go ex-dividend. The firm provides technological systems to help diamond manufacturers turn rough diamonds into polished gems.

It is paying a dividend of 2.0 US cents per share for its fiscal second-quarter (the three months ended 30 June 2016), an improvement of more than 30% from the dividend of 1.5 US cents per share seen a year ago.

In the second-quarter of 2016, Sarine Technologies reported 45% year-on-year revenue growth to US$20.9 million. Meanwhile, net profit ballooned by 125% to US$6 million. The higher revenue was mainly due to higher sales of diamond manufacturing equipment brought about by improvements in the market conditions of the midstream portion of the diamond industry value chain.

Shares of Sarine Technologies closed at a price of S$1.92 each on Friday. This gives the company a trailing price-to-earnings (PE) ratio of 55 and a trailing dividend yield of 2.4%.

2. Wednesday, 24 August 2016

Automotive group Jardine Cycle & Carriage Ltd  (SGX: C07), which is part of the Straits Times Index  (SGX: ^STI), will be going ex-dividend on Wednesday.

The firm is dishing out US$0.18 per share in dividend for the first six months of 2016, unchanged from a year ago.

Jardine Cycle & Carriage reported its results for first-half of 2016 earlier this month. The company saw its underlying profit fall by 8% year-on-year to US$332 million due to lower contributions from its majority-owned Indonesian conglomerate Astra International.

At their closing price of S$43.89 each last Friday, Jardine Cycle & Carriage’s shares have a trailing PE ratio of close to 20 and a trailing dividend yield of around 2%.

3. Thursday, 25 August 2016

Just before the close of the week, Hong Leong Finance Ltd (SGX: S41) will be going ex-dividend. The firm prides itself as being the largest finance company in Singapore and has been in business for over 50 years. To find out more about the firm, you can check out this link.

Hong Leong Finance is giving out 3.0 Singapore cents per share for the second-quarter of 2016, down from the 4.0 cents it handed out a year back.

For the three months ended 30 June 2016, Hong Leong Finance’s bottom-line dropped by 21% year-on-year to S$11.0 million. The company cited a slowing economy in Singapore and competition from foreign banks for the reasons behind its poor performance during the quarter.

The finance company’s shares closed at a price of $2.29 each last Friday. It is trading at a price-to-book ratio of 0.6 at that price and has a trailing dividend yield of 4.4%.

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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.