3 Companies Paying Dividends This Week

There will be a number of 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 three of them at random.

Wednesday, 5 September 2018

On Wednesday, global electronics services provider, Venture Corporation Ltd (SGX: V03), is pencilled in to go ex-dividend.

Venture is dishing out 20.0 Singapore cents per share for its second quarter of 2018.

For the three months ended 30 June 2018, even though the top line fell 6% to S$952.3 million, net profit climbed 40.2% to S$97.9 million. For the first half of 2018, the bottom line grew 53% to S$181.6 million. Venture attributed the improved profitability to its initiatives to leverage its core capabilities in R&D (research and development), and advanced manufacturing to deliver deep value creation and drive operational excellence across the value chain.

Venture shares ended Friday at S$18.11 each. This gives a trailing price-to-earnings (PE) ratio of 12 and a trailing dividend yield of 4.4%.

Thursday, 6 September 2018

Stamford Tyres Corp Ltd (SGX: S29) is slated to go ex-dividend on Thursday. The company is one of the biggest independent tyre and wheel distributors in Southeast Asia with distribution centres in many parts of Asia.

Stamford Tyres is giving out 1.0 Singapore cent per share for its 2018 fourth-quarter.

For the fiscal year 2018, revenue improved by 2.8% year-on-year to S$242.4 million, largely due to new sales in North Asia. However, net profit tumbled 36% to S$5.2 million mainly on the back of higher operating expenses and lower contributions from joint ventures.

Shares in Stamford Tyres last traded at S$0.33. This translates to a trailing PE ratio of 15 and a trailing dividend yield of 3%.

Friday, 7 September 2018

The owner of Resorts World Sentosa, Genting Singapore Ltd (SGX: G13), will be going ex-dividend on Friday.

The company is paying 1.5 Singapore cents per share for the second quarter of 2018.

Revenue for the reporting quarter dipped 6% to S$560.3 million, but net profit attributable to shareholders grew by 24% to S$177.6 million. Genting’s signature attractions performed well for the quarter with average daily visitation exceeding 18,000. Hotels saw an average occupancy of more than 91%, above the industry average. In the gaming segment, Genting’s VIP rolling volume showed year-on-year growth, but revenue from the segment fell 8% year-on-year.

Genting shares ended at S$1.07 each on Friday. The price gives a trailing PE ratio of 19 and a trailing dividend yield of 3.3%.

Learn more about dividends through a FREE subscription to Take Stock Singapore. Sign up here to The Motley Fool’s weekly investing newsletter that will teach you how to GROW your wealth in the years ahead.

Like us on Facebook to follow our latest news and articles. The Motley Fool's purpose is to help the world invest, better.

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.