There are two companies going ex-dividend in the next few days. In other words, you need to own them before a particular date in order to receive their dividends. Let’s take a look at them.
Wednesday, 30 May 2018
On Wednesday, Tan Chong International Ltd (SGX: T15) will be going ex-dividend. The company is involved in the distribution of motor vehicles, heavy commercial vehicle and industrial equipment, and engaged in property rental, among others.
Tan Chong is dishing out HK$0.085 per share for the second half of its financial year.
For the full year ended 31 December 2017, revenue fell 5.3% to HK$15.9 billion from HK$16.7 billion a year ago, primarily due to a decline in sales volume for its motor vehicle distribution and retail division. However, net profit more than doubled from HK$191.1 million to HK$501.9 million, mainly due to higher gross profit and share of profits from associates.
As of 31 December 2017, Tan Chong had HK$3.4 billion in cash and bank balances, and HK$3.9 billion in total bank loans. In comparison, at the end of 2016, the figures stood at HK$2.9 billion and HK$3.4 billion respectively.
The firm said that it is “cautiously optimistic on the outlook for 2018” and that it expects “to perform satisfactorily in 2018”, barring unforeseen circumstances.
Tan Chong shares last traded at HK$2.65 on Tuesday, translating to a trailing price-to-earnings ratio of around 11 and a dividend yield of 4.2%.
Friday, 1 June 2018
Hotel manager and owner, Shangri-La Asia Limited (SGX: S07), is pencilled in to go ex-dividend on Friday.
Shangri-La is giving out HK$0.11 per share for its 2017 second-half.
For the twelve months ended 31 December 2017, the top line grew 6.5% year-on-year to US$2.2 billion while net profit improved 48.9% to US$158.0 million.
The higher revenue for the year was mainly driven by the opening of new hotels and improvement in room yields (or revenue per available room (RevPAR)), partially offset by lower revenue following the closure of the Tower Wing of Shangri-La Hotel, Singapore, for a major renovation from August 2016 to May 2017.
Shangri-La’s gearing ratio as at 31 December 2017 was 60.5%, an improvement from 67.9% seen exactly a year ago.
Looking ahead, Shangri-La said:
“In 2018, the Group will remain focused on driving revenue and occupancy as well as optimising costs and leveraging synergies. Geopolitical issues and a potential trade war could have a negative impact on the world economy but, barring a change in the operating environment, the Group expects to see improvements in its operating performance relative to 2017.”
On Friday, Shangri-La closed at HK$15.54 per share, giving a price-to-book ratio of 1.1 and a dividend yield of 1.1%.
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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.