There are a few companies that will be going ex-dividend on Thursday. In other words, you need to own them before that day in order to receive their dividends. Let’s dive into three such companies.
Best World International Limited (SGX: CGN)
Best World is involved in the development, manufacturing and distribution of top-end skincare, personal care, nutritional and wellness products, to customers through its direct-selling network.
The firm is dishing out 1.2 Singapore cents per share for its third quarter as a special dividend.
For the company’s latest quarter, revenue spiked 96.8% to S$92.1 million, up from S$46.8 million a year ago. The improvement was mainly due to the full commencement of the franchise segment in China from July 2018. Meanwhile, net profit surged 145.3% to S$29.9 million. To know more about Best World’s 2018 third-quarter earnings, you can head here.
Shares in Best World last traded at S$2.30 apiece yesterday, giving a price-to-earnings ratio of 18 and a dividend yield of 1.7%.
Old Chang Kee Ltd (SGX: 5ML)
Old Chang Kee is best known for its signature Curry’O puff, a snack that is popular in Singapore. Since operating a single stall outside Rex Cinema in 1956, the food and beverage chain has grown to a total of 89 outlets, as of 30 September 2018.
Old Chang Kee is giving out 1.5 Singapore cents per share for the second quarter.
For the three months ended 30 September 2018, revenue improved 9.3% year-on-year to S$23.4 million while net profit climbed 36.4% to S$1.0 million. Revenue from both retail outlets and other services, such as delivery and catering services, grew for the quarter.
Old Chang Kee shares ended Wednesday at S$0.775 each, which translates to a PE ratio of 19 and a dividend yield of 3.9%.
UMS Holdings Limited (SGX: 558)
UMS specialises in manufacturing high precision front-end semiconductor components and performing complex electromechanical assembly and final testing services.
The company is paying 0.5 Singapore cent per share for its third quarter.
Revenue for the latest quarter declined by 26% to S$29.3 million mainly on the back of lower semiconductor sales. UMS’ net profit, meanwhile, tumbled 44% to S$7.6 million as a result of higher manpower and depreciation costs.
Looking ahead, the company’s executive chairman and chief executive, Andy Luong, commented:
“Going forward, the Group will stay nimble and prudent in the light of global volatility and technology disruptions and we will focus on leveraging new opportunities to drive growth from our core semiconductor business as well as from our associate and subsidiary companies. We will also persist with our diversification strategy to pursue new M&A targets which have good potential to add value to the Group’s long-term growth. To fund our expansion, we will explore ways to balance the Group’s dividend payments and financing options to ensure sustainable progress.”
Shares in UMS closed at S$0.63 apiece yesterday. The price gives a PE ratio of 7 and a dividend yield of 7.1%.
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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.