In the next few days, there are a number of firms going ex-dividend. 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.
Tuesday, 21 August 2018
Haw Par Corporation Ltd (SGX: H02) is going ex-dividend on Tuesday. It is well-known as the producer of Tiger Balm, dubbed “the world’s leading analgesic remedy”.
Haw Par is dishing out 15.0 Singapore cent per share for its second quarter of 2018.
Revenue for the three months ended 30 June 2018 rose 5.9% year-on-year to S$64.1 million, as a result of stronger foreign currencies. Meanwhile, net profit surged 60% to S$82.1 million, largely due to higher dividend income.
Haw Par shares ended Friday at S$13.58 each, translating to a price-to-earnings (PE) ratio of 19 and a dividend yield of 1.8%.
Thursday, 23 August 2018
City Developments Limited (SGX: C09), or CDL for short, is slated to go ex-dividend on Thursday. CDL is a global real estate operating company with a network spanning 100 locations in more than 25 countries and regions. Its portfolio comprises residences, offices, and hotels, among others.
CDL is giving out 6.0 Singapore cents per share for the 2018 second-quarter as a special dividend.
For the latest quarter, revenue improved by 59.2% to S$1.36 billion while net profit climbed 79.5% to S$204.8 million. The robust performance was due to strong profit recognition mainly from three property development projects: New Futura and Gramercy Park in Singapore, and Hong Leong City Center in Suzhou, China.
Looking ahead, executive chairman of CDL, Kwek Leng Beng, said:
“We had two quarters of strong residential sales in Singapore, but market dynamics changed after the unexpectedly harsh property cooling measures were announced in July. Sales are expected to moderate though prices may be sustained for very few quality projects in good locations where there is limited supply and pent-up demand. Having navigated various property cooling measures over the years, we have seen that sentiment and timing are critical. As our land bank was bought relatively early before prices rose further, this gives us more flexibility for the commencement of construction and sales launches. Our investment horizon remains long-term and we will continue to adopt a disciplined approach to maximise returns for shareholders.”
On Friday, CDL closed at S$9.59, giving a price-to-book ratio of 0.9 and a dividend yield of 0.8%, excluding any special dividend.
Friday, 24 August 2018
On Friday, Jardine Cycle & Carriage Ltd (SGX: C07) will be going ex-dividend. The conglomerate has three main business segments, namely, Astra International (the largest independent automotive group in Southeast Asia), direct motor interests, and other strategic interests.
Jardine Cycle & Carriage is paying 18.0 US cents per share for the second quarter.
For the three months ended 30 June 2018, revenue increased by 8% year-on-year to US$4.55 billion, but net profit plunged 79% to US$38.6 million. On a half-year basis, the top line went up by 10% to US$9.19 billion while the bottom line fell 56% to US$174 million. However, underlying net profit, which excludes non-trading items, improved by 10% to US$414 million.
Chairman of Jardine Cycle & Carriage, Ben Keswick, commented:
“The Group performed well during the first half of the year, with a 10% increase in underlying profit attributable to shareholders. For the rest of the year, Astra’s overall performance is expected to be satisfactory, led by its heavy equipment and mining businesses although there are concerns over competitive pressures in the car market. The Group’s Direct Motor Interests and Other Strategic Interests are expected to continue to perform strongly.”
Jardine Cycle & Carriage shares last traded at US$33.55 each on Friday. The price translates to a PE ratio of 17 and a dividend yield of 3.5%.
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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.