Three companies 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 them.
Tuesday, 6 March 2018
On Tuesday, EC World Real Estate Investment Trust (SGX: BWCU), or ECW, will be going ex-dividend. The real estate investment trust (REIT) owns six properties located in Hangzhou, China, which are largely used for e-commerce, supply-chain management and logistics purposes.
ECW is dishing out 1.504 Singapore cents per unit for the fourth quarter.
For the full year ended 31 December 2017, gross revenue came in at S$91.4 million, 1% above the initial public offering (IPO) forecast. The higher gross revenue was mostly due to the “additional rental income from the completion of an asset enhancement initiative at Chongxian Port Investment”.
Meanwhile, net property income (NPI) was S$82.7 million, up 0.9% as compared to the IPO forecast.
Goh Toh Sim, executive director and acting chief executive of the REIT’s manager, commented on ECW’s latest performance:
“We are pleased that ECW delivered forecast beating results for the second year running. This is a testament to the quality and stability of the ECW’s asset portfolio as well as our active asset management and prudent financial management strategies. The strong performance also lays a solid foundation for us to expand our portfolio in the coming year”.
ECW is going for S$0.765 per unit now. This gives a price-to-book (PB) ratio of 0.8 and a distribution yield of 7.9%.
Wednesday, 7 March 2018
Tai Sin Electric Ltd (SGX: 500), a provider of electric cabling and wiring solutions, will be going ex-dividend on Wednesday.
The firm is giving out 0.75 Singapore cent per share for the second quarter.
For the six months ended 31 December 2017, Tai Sin Electric’s revenue grew 14.6% year-on-year to S$160.1 million. The growth was due to better performances at the Cable & Wire, and Electrical Material Distribution segments, partially offset by a revenue decline at the Test & Inspection segment.
Despite the rise in the top line, net profit tumbled 35% to S$7.1 million. The decrease was mainly on the back of higher cost of sales, administrative expenses and other operating expenses.
Tai Sin Electric shares are now going at S$0.40, giving a trailing price-to-earnings ratio of around 12 and a trailing dividend yield of close to 6%.
Thursday, 8 March 2018
On Thursday, BHG Retail REIT (SGX: BMGU), will be going ex-dividend. The REIT is the first pure-play China retail REIT to be listed in Singapore.
It is paying 2.73 Singapore cents per unit for the second half of 2017.
For the full year ended 31 December 2017, gross revenue rose 5% to RMB 315.8 million while NPI grew 8.7% to RMB 210.2 million. The increased gross revenue was mainly due to “higher rental reversion and increase in occupancy recorded in our three multi-tenanted malls in China”.
Chan Iz-Lynn, chief executive of BHG Retail REIT’s manager, said:
“BHG Retail REIT turned in a set of creditable results, with 4Q 2017 and 12M 2017 NPI growth in Renminbi hitting 9.1% and 8.7% year-on-year, respectively. Our portfolio of five community-focused retail properties in high population density neighborhoods, continued to be poised for growth amid rising income and spending of Chinese residents”.
The REIT’s units are changing hands at S$0.785 now. This gives a PB ratio of 0.9 and a distribution yield of 7%.
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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.