3 Companies Paying Dividends This Week

There are a number of firms 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 three of them at random.

Thursday, 16 August 2018

On Thursday, Singapore O&G Ltd (SGX: 1D8) will be going ex-dividend. The firm has a team of 12 specialist medical practitioners providing services such as obstetrics and gynaecology, and dermatology.

Singapore O&G is dishing out 0.8 Singapore cent per share for its second quarter of 2018.

For the three months ended 30 June 2018, revenue rose 19% year-on-year to S$8.6 million. The higher revenue was due to better performances from the obstetrics and gynaecology, and cancer-related segments. Singapore O&G’s new paediatrics segment also contributed to the top line.

Meanwhile, net profit surged 75.3% to S$3.8 million mainly on the back of higher other operating income, which ballooned by more than 28 times to S$1.26 million. The receipt of a settlement amount of S$1.25 million from Singapore O&G’s former lead independent director led to the increased other operating income.

Singapore O&G shares ended Tuesday at S$0.36 each, translating to a price-to-earnings (PE) ratio of 19 and a dividend yield of 4.2%.

Thursday, 16 August 2018

Singapore Technologies Engineering Ltd (SGX: S63) is slated to go ex-dividend on Thursday as well. ST Engineering, which is part of the Straits Times Index (SGX: ^STI), is a global technology, defence and engineering conglomerate specialising in the aerospace, electronics, land systems and marine industries.

ST Engineering is giving out 5.0 Singapore cents per share for the 2018 second-quarter.

Revenue for the three months to 30 June 2018 tumbled 3% to S$1.7 million, but net profit grew 10% to S$117.5 million. The lower revenue was due to an absence of a one-time revenue increase for the electronics sector in the second quarter last year from the modification of revenue recognition estimates.

President and chief executive of ST Engineering, Vincent Chong, commented the following with regards to the latest results:

“Our Aerospace and Electronics sectors delivered strong 2Q2018 earnings. Our order book remained robust at $13.4b, contributed by new orders including those in the Smart City spaces. On the whole, we are tracking well on our strategy of strengthening our core as well as actively pursuing growth opportunities in defence exports and Smart City projects.”

Yesterday, ST Engineering shares closed at S$3.35 apiece, giving a PE ratio of 20 and a dividend yield of 4.5%.

Friday, 17 August 2018

On Friday, Goodland Group Ltd (SGX: 5PC) will be going ex-dividend. Goodland is a Singapore-based property developer that specialises in residential developments.

The company is paying 0.15 Singapore cent per share for its third quarter.

For the three months ended 30 June 2018, revenue plunged 80% to S$3.8 million while net profit came down 45% to S$879,000. The revenue generated from the sale of a terraced house in the reporting quarter could not make up for the higher revenue recognised in the third quarter last year from the sales of two projects.

In view of the additional property cooling measures in Singapore, Goodland said:

“The Group believes the outlook for Singapore residential property market remains challenging in the next 12 months. We will exercise prudence when replenishing our land bank in view of rising land and project development costs. The Group will continue to monitor supply and demand in the Singapore property market and refine our investment strategy. The Group remains committed to the Singapore market, whilst actively exploring opportunities overseas.”

Goodland shares last traded at S$0.245 per share on Tuesday, translating to a price-to-book ratio of 0.4 and a dividend yield of 4.3%.

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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.