There are a few companies that will be going ex-dividend on Thursday, 26 October 2017. In other words, you need to own the firms before that day in order to receive their dividends.
Let’s dive into three such companies at random.
1. GL Ltd (SGX: B16)
GL Ltd is an investment holding company with a focus on oil and gas, gaming, hotel management and operations, and property development.
The firm is dishing out 2.20 Singapore cents per share for the fourth quarter.
For the financial year ended 30 June 2017, revenue slipped 11% year-on-year to US$350.2 million while net profit declined 28% to US$49 million. Top line came down mainly due to lower sales from the hotel, gaming and property development segments. Since GL Ltd’s core operations are largely in the United Kingdom, the firm’s hotel revenues were impacted by the depreciation of the pound against the dollar.
The company’s shares are selling at S$0.88, giving a price-to-earnings (PE) ratio of 15 and a dividend yield of 2.5%.
2. GuocoLand Limited (SGX: F17)
GuocoLand is a property company with operations in Singapore, China, Malaysia and Vietnam. In Singapore, the firm is the brainchild behind iconic commercial buildings such as Tanjong Pagar Centre and 20 Collyer Quay.
The property outfit is giving out 7.0 Singapore cents per share for the fourth quarter.
For the financial year ended 30 June 2017, revenue rose 5% year-on-year to S$1.11 billion. However, net profit tumbled 41% to S$357.2 million, mainly due to a lack of one-time gain recognised in the previous financial year.
GuocoLand is going at S$2.45 apiece now. This translates to a price-to-book ratio of 0.7 and a dividend yield of 2.9%.
3. Sin Ghee Huat Corporation Ltd (SGX: B7K)
Sin Ghee Huat is a stainless-steel specialist holding a wide range of stainless steel products in Singapore.
The firm is paying 0.2 Singapore cent per share for the fourth quarter.
For the twelve months to 30 June 2017, sales slipped 36% to S$33.1 million on the back of weak market demand and a drop in export orders. The firm went into a loss of S$274,000 for the year, as compared to a net profit of S$41,000 a year ago.
Shares of the firm are going at S$0.205 now, giving to a dividend 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. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.