There are a few companies that will be going ex-dividend in the next few days. In other words, you need to own them before a particular date to receive their dividends. Let’s take a look at three such companies at random.
1. Tuesday, 29 August 2017
On Tuesday, Lee Metal Group Ltd (SGX: 593), which is a distributor and fabricator of steel products, will be going ex-dividend.
The firm is dishing out 0.5 Singapore cent per share for the second quarter.
For the three months ended 30 June 2017, revenue grew 8.2% year-on-year to S$78.7 million, but net profit tumbled 63.9% to S$1.4 million. The increase in top line was due to improvements in its fabrication and manufacturing business while higher cost of goods sold largely contributed to the decreased bottom line.
Lee Metal’s shares are currently going at S$0.295, translating to a historical price-to-earnings (PE) ratio of around 13 and a dividend yield of 6.8%.
2. Wednesday, 30 August 2017
Best World International Limited (SGX: CGN) will be going ex-dividend on Wednesday. According to its website, the firm is focused on the “development, manufacture and distribution of premium skincare, personal care, nutritional and wellness products, to customers through its direct selling network in 12 markets”.
Best World is giving out 1.5 Singapore cents per share for the second quarter.
For the three months ended 30 June 2017, sales increased by 7.2% year-on-year to S$55.3 million while earnings surged 62.4% to S$12 million. The higher sales and earnings for the quarter were mainly due to robust performance in the company’s largest and fastest growing market, China.
Best World is now trading at S$1.22, giving a PE ratio of 16 and a dividend yield of 2.1%.
3. Wednesday, 30 August 2017
On the same day as Best World, commodity firm, Olam International Ltd (SGX: O32), will be going ex-dividend.
It is paying out 3.5 Singapore cents per share for the second quarter ended 30 June 2017.
For the reporting quarter, revenue went up 30.9% year-on-year to S$6.5 billion largely due to growth in volume from all its business segments, especially from grains and edible oils. Meanwhile, net profit grew 28.5% to S$147.7 million. This was due to improved operational performance across all its four key segments.
The shares of Olam are selling at S$2.10. This gives a PE ratio of around 16 and a yield of close to 3%.
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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.