These 2 Companies Are Paying Dividends This Week

There are a few 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 two of them.

Tuesday, 26 June 2018

On Tuesday, Sapphire Corp Limited (SGX: BRD) will be going ex-dividend. The company is mainly engaged in the urban rail and infrastructure engineering and construction business.

Sapphire Corp is dishing out 0.1 Singapore cent per share for the fourth quarter.

For the full year ended 31 December 2017, revenue rose 21% year-on-year to RMB 1.3 billion mainly on the back of a higher number of ongoing projects in China. However, net profit slipped 5.1% to RMB 44.4 million primarily due to higher other expenses, finance costs and tax expense.

The firm’s shares ended Friday at S$0.156, translating to a price-to-earnings (PE) ratio of 6 and a dividend yield of 0.6%.

Wednesday, 27 June 2018

IHH Healthcare Bhd (SGX: Q0F) is pencilled in to go ex-dividend on Wednesday. The firm is a provider of premium integrated healthcare services in Malaysia, Singapore, Turkey and India.

IHH is giving out 3.0 Malaysia sen per share for the fourth quarter.

Revenue for the full year ended 31 December 2017 grew 11% year-on-year to RM 11.1 billion while net profit surged 58% to RM 970.0 million.

The increase in the top line was due to organic growth from the existing operations, as well as continued ramp-up of the hospitals opened during the year. Bulgaria’s Tokuda and City Clinic Group also contributed to the higher revenue after their acquisitions in June 2016.

The managing director of IHH, Dr Tan See Leng, said:

“In 2017, we enhanced the quality of our portfolio of core assets while positioning for growth. Our existing hospitals continue to perform, Gleneagles Hong Kong and Acibadem Altunizade are ramping up, and we invested in strategic assets including diagnostics player Angsana Holdings, to further differentiate our service offerings. Proactive management of our capital structure and balance sheet has placed us in a solid position to grow; this includes phasing our projects progressively to manage costs, disposing of non-core assets and establishing a US$2 billion multi-currency medium-term note programme.

Looking ahead, we are poised for growth. Our newer hospitals will become game changers for the Group, with Gleneagles Hong Kong in particular, putting us well on the way to making Greater China our fifth home market as our slate of hospital projects takes shape.”

On Friday, IHH closed at S$2.02 per share, giving a PE ratio of slightly less than 100 and a dividend yield of 0.5%.

Worried about the overall state of the market? Do you know the 1 thing you should never do in the stock market? The Motley Fool Singapore’s new e-book lays out a plan to handle market crashes, details the greatest advantage you have as an investor, and looks at decades worth of market data to bring you the smartest insights on investing. You can download the full e-book FREE of charge—Simply click here now to claim your copy

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.