There are a few companies that will be going ex-dividend on Thursday, 24 August 2017. In other words, you need to own the firms before that day to receive their dividends. Let’s dive into three such companies at random. 1. Jardine Cycle & Carriage Ltd (SGX: C07) Jardine Cycle & Carriage is a conglomerate with diverse businesses such as automotive, financial services, heavy equipment and mining, among others. It owns 50.1% of an Indonesian company, PT Astra. Jardine Cycle & Carriage is dishing out 18.0 US cents per share for the second quarter. For the three months ended 30 June…
There are a few companies that will be going ex-dividend on Thursday, 24 August 2017. In other words, you need to own the firms before that day to receive their dividends.
Let’s dive into three such companies at random.
1. Jardine Cycle & Carriage Ltd (SGX: C07)
Jardine Cycle & Carriage is a conglomerate with diverse businesses such as automotive, financial services, heavy equipment and mining, among others. It owns 50.1% of an Indonesian company, PT Astra.
Jardine Cycle & Carriage is dishing out 18.0 US cents per share for the second quarter.
For the three months ended 30 June 2017, revenue grew 11% year-on-year to US$8.5 billion while underlying profit attributable to shareholders went up 13% to US$375 million. You can find out more about the earnings here.
The firm gave an overview of its latest performance:
“Jardine Cycle & Carriage produced a good result for the first half of 2017 as strong performances from Astra’s businesses more than compensated for weaker results from the Group’s Direct Motor Interests and Other Interests.”
The shares were trading at S$39.90 at the time of writing, giving a trailing price-to-earnings (PE) ratio of around 15 and a dividend yield of 2.5%.
2. Nera Telecommunications Ltd (SGX: N01)
Nera Telecommunications Ltd, or NeraTel, is a communications and network solutions provider with more than 38 years of experience.
The company is giving out 1.0 Singapore cent per share for the second quarter.
For the quarter ended 30 June 2017, revenue came down by 1.3% year-on-year to S$50.3 million while net profit declined 26.6% to S$1.4 million.
The decrease in revenue was primarily due to lower turnover from its Network Infrastructure business segment, which was slightly offset by an increase in turnover from the Wireless Infrastructure Network business segment.
Looking ahead, Beck Tong Hong, Chief Executive Officer of NeraTel, said:
“With a global footprint, four decades of established track record for a wide variety of projects, supported by one of the region’s largest teams of certified professionals and capabilities to provide complete turnkey solutions, we are confident that NeraTel is well positioned to capture growth opportunities amidst a global shift towards digitisation.
These competitive advantages allow us to create values for our customers, and to deliver complex solutions accurately, timely and at competitive prices. Our recent project wins are a testament of the effectiveness of our business model and value propositions as we continue to seek to extend our value chain vertically in the areas of Network Security, Data Centre, Software Defined Networking and Cloud Infrastructure, within and beyond our existing markets.”
The company’s shares were selling at S$0.39 at the time of writing. The share price gives a PE ratio of 36 and a dividend yield of 3.8%.
3. Q & M Dental Group (Singapore) Limited (SGX: QC7)
Q & M Dental Group is the largest private dental healthcare group in Singapore. It has a pool of more than 200 experienced dentists serving 600,000 patients island-wide. The firm has since expanded its services overseas and is building up its presence in China and Malaysia.
The private dental practice is paying out 0.7 Singapore cent per share for the second quarter ended 30 June 2017.
For the quarter, revenue from its dental and medical clinics decreased by 7% year-on-year to S$27.3 million, mainly due to the deconsolidation of Aoxin Q & M Dental Group Ltd (SGX: 1D4) from a subsidiary to an associate in April 2017.
Meanwhile, net profit surged by 269% to S$13.6 million. The huge increment was mainly due to a one-time gain of S$16.9 million from spinning off Aoxin, which was offset by provisions for impairment of goodwill and asset held for sale, provision on impairment on other receivables, and provision for legal and due diligence fees.
Shares of the dental firm were going at S$0.635 at the time of writing. This gives a PE ratio of 13 and a dividend yield of 2.2%.
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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.