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 three such companies at random.
1. Tuesday, 12 September 2017
On Tuesday, chemical contractor manufacturer and coating distributor, Megachem Limited (SGX: 5DS) will be going ex-dividend.
The company is dishing out 0.5 Singapore cent per share for the half year ended 30 June 2017.
For the six months, revenue grew 0.2% year-on-year to S$51.4 million, mainly due to increase in sales from the ASEAN market.
Meanwhile, net profit ballooned 187% to S$2.3 million, largely due to a one-off valuation gain of S$1.8 million arising from the listing of the firm’s associated company on the stock exchange in Thailand.
Megachem is going at S$0.39 per share. It is trading at 25 times last year’s earnings and has a dividend yield of 3.1%.
2. Tuesday, 12 September 2017
On the same day as Megachem, Tat Seng Packaging Group Ltd (SGX: T12) will be going ex-dividend. The firm prides itself on being a “leading manufacturer of paper packaging products”.
It is giving out 1.0 Singapore cent per share for the first half ended 30 June 2017.
For the period, revenue increased 25.6% year-on-year to S$131 million while net profit went up 31.6% to S$7.2 million. The improvement in top line was mainly due to strong growth from its China operations.
Shares of Tat Seng are trading at S$0.665 now, giving a trailing price-to-earnings ratio of 6.4 and a dividend yield of 4.5%.
3. Friday, 15 September 2017
On the last trading day of the week, OUE Ltd (SGX: LJ3), will be going ex-dividend. The company is a real estate developer with properties located in Asia and the United States. It is also the sponsor of OUE Hospitality Trust (SGX: SK7) and OUE Commercial Reit (SGX: TS0U).
The firm is paying out 1.0 Singapore cent per share for the second quarter.
For the three months ended 30 June 2017, revenue expanded 39.5% year-on-year to S$187.3, largely due to stronger performance from the Hospitality and Property Development divisions, and the inclusion of revenue from International Healthway Corporation Ltd (SGX: 5WA), which became a subsidiary in March this year.
However, net profit plunged 72.6% to S$7.1 million due to decline in “other gains – net” on the back of fewer units sold under deferred payment schemes for the current quarter.
Shares of the property developer are going at S$1.965. This gives a price-to-book ratio of 0.45 and a dividend yield of 1.5%.
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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.