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3 Companies Paying Dividends This Week

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, 19 September 2017

On Tuesday, Advancer Global Ltd (SGX: 43Q) will be going ex-dividend. The company is an integrated services provider offering a diverse array of workforce solutions and services in our country. One of its subsidiaries, Nation Employment, is the largest Foreign Domestic Worker employment agency here.

Advancer Global is dishing out 0.49 Singapore cent per share for the six months ended 30 June 2017.

For the first half of 2017, revenue surged 37.4% year-on-year to S$31.9 million while net profit grew 19.3% to S$2.3 million. All business segments saw a revenue increase. In particular, Building Management Services and Security Services posted better growth due to new acquisitions.

The firm’s shares are currently going at S$0.29, translating to a historical price-to-earnings (PE) ratio of 17 and a dividend yield of 3.2%.

2. Tuesday, 19 September 2017

Riverstone Holdings Limited (SGX: AP4) will be going ex-dividend on the same day as Advancer Global. It is a manufacturer of nitrile and natural rubber cleanroom gloves used in highly controlled and critical environments, as well as premium nitrile gloves used in the healthcare industry.

The firm is giving out a dividend of 1.30 sen (RM) per share for the second quarter.

For the three months ended 30 June 2017, sales rose 36.1% year-on-year to RM213.2 million due to an uptick in demand for its premium healthcare and cleanroom gloves.

However, net profit slipped 0.8% to RM27.1 million. This was largely due to higher raw material costs and foreign exchange volatility. The increased production costs caused a contraction in gross margins, from 24.4% a year ago to 20.5% in the latest quarter.

The company is now trading at S$1.055, giving a PE ratio of 20 and a dividend yield of 2%.

3. Friday, 22 September 2017

On the last day of the week, hospitality outfit, Shangri-La Asia Ltd (SGX: S07), will be going ex-dividend. The company currently owns and/or manages hotels under five brands: Shangri-La Hotels, Shangri-La Resorts, Kerry Hotels, Hotel Jen and Traders Hotels.

It is paying out 6.0 Hong Kong cents per share for the six months ended 30 June 2017.

For the first half for 2017, revenue was at US$989.8 million, a decline from US$992.2 million clocked in a year ago. Revenues from most segments were adversely affected by the depreciation of local currencies against the US dollar.
Meanwhile, net profit came in at US$61.7 million, reversing a loss of US$3.7 million from one year back. This was largely due to foreign exchange gains and other gains seen for the latest period.

Shares of Shangri-La Asia Ltd are selling at HK$14.66. This gives a price-to-book ratio of 1.1 and a yield of close to 1%.

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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 Riverstone Holdings Limited. Motley Fool Singapore contributor Sudhan P does not own shares in any companies mentioned.