There are a few companies that will be going ex-dividend on Wednesday, 24 April 2019. In other words, you need to own the businesses before that day to receive their dividends. Let’s dive into three such companies.
iFAST Corporation Ltd (SGX: AIY)
iFAST is an Internet-based investment products distribution platform that provides a suite of investment products and services to both corporate clients and retail investors.
The company is paying out S$0.009 per share for its 2018 fourth-quarter.
For the full year ended 31 December 2018, iFAST’s revenue grew 19.8% year-on-year to S$121.2 million. The increase was due to growth in assets under administration for both the business-to-customer (B2C) and business-to-business (B2B) divisions during the year. Meanwhile, net profit surged 41.7% to S$10.9 million.
iFAST’s share price ended at S$1.14 yesterday. At that share price, it has a price-to-earnings ratio of 28 and a dividend yield of 2.8%.
Sembcorp Industries Limited (SGX: U96)
Sembcorp Industries is a conglomerate with three main businesses of utilities, marine, and urban development.
It is giving out S$0.02 per share for the fourth quarter of 2018.
For 2018, the conglomerate’s top-line improved 30% year-on-year to S$11.7 billion. The revenue increase was due to better performances from its utilities and urban development businesses, partially offset by a weak performance from the marine business. However, Sembcorp Industries’ bottom line fell 9% to S$347 million mainly due to a net loss from the marine business. Excluding the loss-making business, net profit would have swelled 75% to S$395 million.
Shares in Sembcorp Industries closed at S$2.73 apiece on Monday. This translates to a PE ratio of 14 and a dividend yield of 1.5%.
Excelpoint Technology Ltd (SGX: BDF)
Excelpoint is a regional electronics components distributor.
The company is paying out a total dividend of S$0.04 per share (S$0.03 in ordinary dividend and S$0.01 in special dividend) for its 2018 fourth-quarter.
For the financial year ended 31 December 2018, revenue increased by 9.6% year-on-year to S$1.3 billion on the back of higher sales. Meanwhile, net profit inched up by 0.1% to S$8.1 million.
Excelpoint’s share price closed at S$0.63 yesterday. This gives it a PE ratio of 7 and a dividend yield of 4.8%, excluding the special dividend.
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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 recommends shares of iFAST Corporation Ltd. Motley Fool Singapore contributor Sudhan P owns shares in iFAST Corporation Ltd.