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3 Companies Paying Dividends This Week

There will be some companies going ex-dividend in a couple of days. In other words, you need to own them before a particular date in order to receive their dividends. Let’s look at three of those companies.

Tuesday, 13 November 2018

On Tuesday, Hi-P International Ltd (SGX: H17) is pencilled in to go ex-dividend. The company is an integrated contract manufacturer that provides one-stop solutions for customers from various industries such as telecommunications, consumer electronics, and lifestyle.

Hi-P is dishing out 1.0 Singapore cent per share for its third quarter of 2018.

For the three months ended 30 September 2018, revenue fell 8.3% year-on-year to S$377.1 million while net profit tumbled 11.9% to S$33.8 million. The lower revenue was primarily due to less high component content projects, a decline in market demand and a slower ramp-up for some new products during the quarter.

The company added that the ongoing trade war between the US and China had led to a decline in demand from some customers. Hi-P is studying ways to boost its domestic China and non-US business and optimise its other existing manufacturing sites in various countries.

Hi-P shares ended Friday at S$0.845 each, translating to a trailing price-to-earnings (PE) ratio of 6 and a trailing dividend yield of 5.9%.

Wednesday, 14 November 2018

SIA Engineering Company Ltd (SGX: S59), or SIAEC for short, is slated to go ex-dividend on Wednesday. SIAEC provides aircraft engineering services such as airframe maintenance and overhaul, line maintenance, technical ground handling and fleet management.

The firm is giving out 3.0 Singapore cents per share for its second quarter.

Revenue for the quarter declined by 8.5% to S$251.3 million mainly on the back of lower airframe and fleet management revenue. Meanwhile, net profit inched down by 1.6% to S$38.0 million, despite the share of profits of associated and joint venture companies rising 31% to S$30.0 million.

Looking ahead, SIAEC commented:

“With longer maintenance intervals and lighter work content arising from new-generation aircraft, coupled with keen competition, the operating environment will remain challenging.

The transformation journey we have started has been gaining momentum with the progressive implementation of a wide range of measures including innovation and technology. The full benefits will materialise over time.

Our initiatives to build new capabilities and enter into synergistic partnerships have served us well. The engine and component businesses of some of our major joint ventures and associated companies are expected to continue to contribute positively to our bottom line.”

Shares in SIAEC last traded at S$2.83 each, giving a trailing PE ratio of 16 and a trailing dividend yield of 3.2%.

Thursday, 15 November 2018

Postal outfit, Singapore Post Limited (SGX: S08), will be going ex-dividend on Thursday.

SingPost is paying 0.5 Singapore cent per share for its second quarter.

For the three months ended 30 September 2018, revenue climbed 2.2% to S$368.7 million due to stronger contributions from international mail and property. Net profit, however, fell by 12.9% to S$25.1 million mainly due to an exceptional fair value loss on warrants from an associated company. Excluding the one-off item, underlying net profit added 0.4% to S$28.1 million.

SingPost’s chief executive, Paul Coutts, said the following in his company’s earnings release:

“We have shown progress in many parts of our business, including winning in our home market with average daily parcel volumes up 38 per cent from a year ago, as well as improved profitability in the Logistics and Property segments. In the eCommerce segment, we continue to integrate our US businesses for improved efficiency and execution for the coming peak season.”

SingPost shares ended at S$0.995 apiece on Friday, translating to a trailing PE ratio of 23 and a trailing 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.