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3 Companies Dishing Out Dividends on Tuesday

There are a few companies that will be going ex-dividend on Tuesday, 24 April 2018. In other words, you need to own shares of the company before that day to receive their dividends. Let’s check out three such firms at random.

iFAST Corporation Ltd (SGX: AIY)

iFAST is an Internet-based investment products distribution platform that provides a comprehensive range of investment products and services to both corporate clients and retail investors.

The company is dishing out 0.90 Singapore cent per share for its 2017 fourth-quarter.

For the full year ended 31 December 2017, net revenue surged 21.5% to S$49.4 million mainly due to the growth of its business, and assets under administration in both the business-to-consumer and business-to-business divisions. Meanwhile, profit attributable to shareholders jumped 65.9% to S$9 million. iFAST expects the 2018 dividend per share to be higher than that of 2017.

The firm’s shares closed at S$0.92 on Friday. This translates to a price-to-earnings (PE) ratio of 27 and a dividend yield of 3.3%.

Singapore Technologies Engineering Ltd (SGX: S63)

Singapore Technologies Engineering is a global technology, defence and engineering conglomerate specialising in the aerospace, electronics, land systems and marine industries.

The firm is giving out 10.0 Singapore cents per share for the fourth quarter ended 31 December 2017.

For the whole of 2017, revenue inched down by 1% year-on-year to S$6.62 billion. The decline in the top-line was due primarily to lower revenue contributions from the land systems and marine business divisions, partially offset by higher contributions from aerospace and electronics. Net profit, however, grew 5.6% to S$511.9 million, mainly on the back of higher operating profit and a positive impact from the US tax reform.

The conglomerate ended Friday at S$3.65, translating to a PE ratio of 22 and a dividend yield of 4.1%.

StarHub Ltd (SGX: CC3)  

StarHub is one of the three major telcos operating in Singapore.

It is paying out 4.0 Singapore cents per share for the fourth quarter.

For the full year ended 31 December 2017, total revenue came in at S$2.4 billion, stable as compared to a year ago. However, service revenue – consisting revenues from mobile, pay TV, broadband and enterprise fixed services – declined 1% year-on-year to S$2.2 billion. Meanwhile, net profit attributable to shareholders plunged 27.1% to S$249 million.

StarHub shares closed at S$2.30 on Friday, giving a PE ratio of 16 and a dividend yield of slightly below 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. The Motley Fool Singapore has recommended shares of iFAST Corporation Ltd. Motley Fool Singapore contributor Sudhan P owns shares in iFAST Corporation Ltd.