MENU

3 Companies Paying Dividends on Wednesday

There are a few companies that will be going ex-dividend on Wednesday, 23 August 2017. In other words, you need to own the businesses before that day to receive their dividends.

Let’s take a look out three such companies at random.

1. Dairy Farm International Holdings Ltd (SGX: D01)

Dairy Farm is a pan-Asian retailer that operates supermarkets, hypermarkets, convenience stores, beauty stores and home furnishings stores under brands such as Cold Storage, 7-Eleven and Guardian.

The firm is dishing out 6.5 US cents per share for the first half of 2017.

For the six months ended 30 June 2017, total sales (includes 100% of associates and joint ventures) grew 3% year-on-year to US$10.4 billion. Sales by its subsidiaries, however, dropped slightly by 1% to US$5.5 billion. Meanwhile, net profit went up 7% to US$213 million.

The company gave a summary of its latest performance:

“Dairy Farm’s sales were maintained in the first half as declines within supermarkets and hypermarkets in the Food Division were offset by good sales growth in all other Divisions.

Overall profits increased with strong results from Yonghui and Maxim’s in addition to good performances from the Health and Beauty and Home Furnishings Divisions more than compensating for the lower earnings in the Food Division.”

The shares were trading at US$7.65 at the time of writing, giving a trailing price-to-earnings (PE) ratio of around 21 and a dividend yield of 2.8%.

2. Genting Singapore PLC (SGX: G13)

Genting Singapore became the first operator of an integrated resort in Singapore when Resorts World Sentosa opened for business in 2010.

The developer of the S$6.6 billion integrated resort project in Sentosa is giving out 1.5 Singapore cents per share for the second quarter.

For the quarter ended 30 June 2017, revenue increased by 24% year-on-year to S$596 million while net profit came in at S$143 million. For the corresponding period last year, the firm registered a net loss of S$10.5 million.

The firm said the increase in revenue was due to both its gaming and non-gaming business segments performing well. You can find out more about the earnings here.

The company was selling at S$1.18 at the time of writing. This gives a PE ratio of 24 and a dividend yield of 3%.

3. GSH Corporation Ltd (SGX: BDX) 

GSH Corporation is a property developer with properties in Singapore, Malaysia and China. In Singapore, it owns the GSH Plaza, an asset located in the heart of Raffles Place.

The company is paying out 1.0 Singapore cent per share for the second quarter ended 30 June 2017.

For the quarter, revenue ballooned 73% year-on-year to S$30.6 million, while net profit was at S$71.7 million. For the same period last year, the firm recorded a net loss of S3.2 million.

GSH Corporation said that the stellar revenue performance was due to growing room occupancy rates and average room rates at The Magellan Sutera Resort and The Pacific Sutera Hotel in Kota Kinabalu, Sabah, Malaysia.

Shares of the firm were going at S$0.53 at the time of writing. This gives a price-to-book ratio of 2.5 and a dividend yield of 1.9%.

In the meantime, learn more about dividends through a FREE subscription to Take Stock Singapore. Sign up here to The Motley Fool's weekly investing newsletter that will teach you how to GROW your wealth in the years ahead.

Like us on Facebook to follow our latest news and articles. The Motley Fool's purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Dairy Farm International. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.