The Trio of Jardine-Linked Companies Paying Dividends on Wednesday

There are three listed entities linked to Jardine Matheson Holdings Limited (SGX: J36) and Jardine Strategic Holdings Limited (SGX: J37) that will be going ex-dividend on Wednesday, 21 March 2018. In other words, you need to own shares in the businesses before that day to receive their dividends. Let’s take a look at them.

Dairy Farm International Holdings Ltd (SGX: D01)

Dairy Farm is a pan-Asian retail group with more than 7,000 outlets (including associates and joint ventures) in several countries.

It is dishing out 14.50 US cents per share for the fourth quarter.

For the full year ended 31 December 2017, combined total sales, which includes 100% of associates and joint ventures, grew 7% year-on-year to US$21.83 billion. However, profit attributable to shareholders tumbled 14% to US$404 million, mainly due to poor performances in the Supermarket and Hypermarket businesses, and business change costs.

Dairy Farm’s shares are selling at US$8.08 now. This gives a price-to-earnings ratio of 27.1 and a dividend yield of 2.6%.

Hongkong Land Holdings Limited (SGX: H78)

Hongkong Land is a property investment, management and development group with properties in countries such as Hong Kong, Singapore, and China.

The company is giving out 14 US cents per share for the fourth quarter.

For the financial year ended 31 December 2017, Hongkong Land’s top-line came down 2% year-on-year to US$1.96 billion, on the back of lower property sales. Underlying profit attributable to shareholders (which excludes non-trading items), however, improved 14.4% to US$969.7 million. To know more about its latest earnings, you can head here.

The property outfit is going at US$6.90 apiece now. This translates to a trailing price-to-book (PB) ratio of 0.44 and a dividend yield of 2.9%.

Mandarin Oriental International Limited (SGX: M04) 

Mandarin Oriental is an international hotel investment and management group with luxurious hotels, resorts and residences in key destinations around the world.

The firm is paying out 1.50 US cents per share for its fourth quarter.

For the full year ended 31 December 2017, the combined total revenue of hotels under management rose 4% year-on-year to US$1.38 billion. However, underlying profit attributable to shareholders fell 4% to US$54.9 million. The firm said that the fall in underlying profit was mainly due to the impact of the renovation of its property in London.

Looking ahead, Ben Keswick, chairman of Mandarin Oriental, commented:

“In 2018, profit will be impacted by the final stages of the renovation of Mandarin Oriental Hyde Park, London as well as the commencement of the renovation of Hotel Ritz, Madrid. In the longer term, however, Mandarin Oriental will benefit from these investments as well as the strength of its brand and the opening of new hotels under development.”

The company also said that it is continuing to review strategic options for its hotel in Hong Kong, The Excelsior, including the possible redevelopment of the site into a commercial property.

Shares of the hotel firm are going at US$2.32 currently. This gives a PB ratio of 2.3 and a dividend yield of 1.3%.

Meanwhile, we believe we’ve identified a dividend dynamo whose financials are strong enough to qualify its dividend as “safe” – and have profiled this stock in a research report that’s now available to download completely free of charge. Simply click here to claim your copy today!

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 Dairy Farm International Holdings Ltd and Hongkong Land Holdings Limited. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.