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3 Companies Paying Dividends on Friday

Credit: Simon Cunningham

There are a few firms that will be going ex-dividend on Friday, 3 November 2017. In other words, you need to own the companies before that day in order to receive their dividends. Let’s take a look at three such companies at random.

1. LTC Corporation Ltd (SGX: L17)

LTC Corporation is involved in steel trading, regional property development and management, and retail operations.

The firm is giving out 1.0 Singapore cent per share for the fourth quarter.

For the financial year ended 30 June 2017, both revenue and net profit grew. The former climbed 3.5% year-on-year to S$134.1 million while the latter increased 24.4% to S$8.6 million.

However, it was a mixed bag in terms of revenue performance for the different business segments of the firm. The steel business posted a sales increase; property development turnover declined, while the property rental turnover was flat.

The company’s shares are going at S$0.66, translating to a trailing price-to-earnings (PE) ratio of 12 and a dividend yield of 1.5%.

2. Micro-Mechanics (Holdings) Ltd (SGX: 5DD)

Micro-Mechanics is involved in manufacturing high precision tools and parts used in the semiconductor industry.

It is dishing out 5.0 Singapore cents per share for the fourth quarter, which includes a special dividend of 1.0 cent.

For the financial year ended 30 June 2017, revenue rose 11.7% year-on-year to S$57.2 million. Meanwhile, net profit grew 24.2% to S$14.8 million. The top line improved due to better sales from all its geographical markets, except Europe.

Micro-Mechanics is going at S$2.18 apiece now. This translates to a trailing PE ratio of 18 and a dividend yield of 3.7%, including the special dividend.

3. Tai Sin Electric Ltd (SGX: 500) 

Formed in 1980, Tai Sin Electric provides electric cabling and wiring solutions for industrial, commercial, residential, and offshore and marine projects.

The company is paying 1.6 Singapore cents per share for the fourth quarter.

For the twelve months ended 30 June 2017, sales dropped 12.9% year-on-year to S$279.7 million. This was due to revenue declines from the business segments of Cable & Wire, Switchboard, Test & Inspection, which was partially offset by the increase in revenue at the Electrical Material Distribution division. Consequently, net profit fell 23.5% to S$18.2 million.

Shares of the firm are going at S$0.44 now, giving a trailing PE ratio of 10.5 and dividend yield of 5.3%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Micro-Mechanics (Holdings) Ltd. Motley Fool Singapore contributor Sudhan P owns shares of Micro-Mechanics (Holdings) Ltd.