There are a few companies that will be going ex-dividend on Tuesday, 23 April 2019. In other words, you need to own shares in the company before that day to receive their dividends. Let’s look at three such companies randomly.
Company No. 1
The first company on the list is insurer Great Eastern Holding Limited (SGX: G07). Great Eastern is dishing out S$0.50 per share for its 2018 fourth-quarter.
For the full year ended 31 December 2018, gross premiums fell by 3% year-on-year to S$12.24 billion while net profit attributable to shareholders plunged 29% to S$740.7 million.
In its earnings release, Great Eastern’s group chief executive, Khor Hock Seng, said the following:
“2018 was a challenging year. Interest rate hikes, coupled with trade & geopolitical tensions have resulted in volatile capital and financial markets which have impacted our Group Profit Attributable to Shareholders. However, our Operating Profit from Insurance Business remained resilient, achieving a year-on-year growth of 4% for the full year.”
Looking ahead, he commented:
“Deepening our footprint in the region, we have recently acquired a general insurance company in Indonesia. The acquisition is part of our broader strategy to build our general insurance operations and complement our existing life insurance presence in the market. Looking forward, while concerns over market volatility and slowing global economic growth are present, we remain positive on the long term growth potential of the markets we operate in.”
Great Eastern shares closed at S$26.64 on Thursday. The share price translates to a price-to-book (PB) ratio of 1.7 and a dividend yield of 2.3%.
Company No. 2
Singapore Technologies Engineering Ltd (SGX: S63) is the next company on the list. ST Engineering is an engineering group with four main business sectors, namely, aerospace, electronics, land systems, and marine.
The conglomerate is giving out S$0.10 per share for its fourth quarter of 2018.
For 2018, ST Engineering’s revenue rose 2.7% year-on-year to S$6.70 billion, but its net profit tumbled 1.7% to S$494.2 million. Excluding one-off items, net profit would have been up 9% year-on-year at S$526.8 million.
Vincent Chong, ST Engineering’s president and chief executive, said in the earnings release:
“The Group delivered a resilient set of results and maintained the momentum for new contracts. Excluding one-off charges mainly incurred to rationalise our portfolio, the underlying operating performance of our business sectors remained strong.
We continue to invest in growth initiatives and capabilities including data analytics and cybersecurity to drive long-term sustainable growth, backed by a healthy level of order book that provides revenue visibility for the next few years.”
Shares in ST Engineering ended Friday at S$3.87, translating to a price-to-earnings ratio of 25 and a dividend yield of 3.9%.
Company No. 3
Property giant, CapitaLand Limited (SGX: C31), is the last company to be featured. It is paying out S$0.12 per share for its 2018 fourth-quarter.
2018’s revenue surged 21.3% year-on-year to S$5.60 billion while net profit improved 12.3% to S$1.76 billion. To know more about CapitaLand’s 2018 financial results, you can head here.
CapitaLand’s chairman, Ng Kee Choe, summarised the company’s 2018 latest earnings as follows:
“CapitaLand has achieved good results amidst a challenging economic and market environment. This achievement is due primarily to our diversified asset base, disciplined approach in asset recycling and capital allocation, and strong operating expertise.”
CapitaLand shares closed at S$3.64 on Friday, giving it a PB ratio of 0.8 and a dividend yield of 3.3%.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of CapitaLand Limited. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.