There are a few companies that will be going ex-dividend this week. In other words, you need to own shares in the company before a particular day of the week to receive their dividends. Let’s look at three of those companies.
Company No. 1
On Wednesday, Singapore O&G Ltd (SGX: 1D8) is slated to go ex-dividend. The healthcare company is dishing out S$0.009 per share for its 2018 fourth-quarter.
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For the full year ended 31 December 2018, Singapore O&G’s revenue grew 16% year-on-year to S$34.68 million while net profit climbed 7.5% to S$9.15 million. Excluding a goodwill impairment and non-recurring income in 2018, net profit for the year would have risen 27.5% year-on-year to S$10.85 million. To know more about Singapore O&G’s 2018 earnings, you can head here.
Singapore O&G’s share price closed at S$0.385 on Friday. At that price, the company had a price-to-earnings ratio of 20 and a dividend yield of 4.4%.
Company No. 2
Straco Corporation Ltd (SGX: S85) is set to go ex-dividend on Wednesday as well. Straco, which owns the Singapore Flyer attraction, is giving out S$0.025 per share in an ordinary dividend and S$0.01 per share in a special dividend.
For 2018, Straco’s revenue fell 8.2% year-on-year to S$117.9 million largely due to the suspension of rides at the Singapore Flyer following a technical issue. Meanwhile, net profit tumbled 12.4% to S$41.8 million. You can jump in here to find out more about Straco’s latest results.
Wu Hsioh Kwang, Straco’s executive chairman, said the following in the earnings release:
“Overall performance for this year was impacted mainly by the two months of ride suspension at Singapore Flyer during the first quarter. The aquarium businesses also registered marginal decrease in revenue and net profit; while Underwater World Xiamen registered marginal growth in revenue and net profit, our Shanghai Ocean Aquarium was affected by unfavourable weather this year and tightened traffic control in October/November during the Import Expo held in Shanghai. Nevertheless, the outlook for China domestic tourism is expected to remain positive.”
Shares in Straco ended Friday at S$0.80, translating to a PE ratio of 16 and a dividend yield of 3.1%, excluding the special dividend. Including the special dividend, the yield jumps up to 4.4%.
Company No. 3
On Friday, Venture Corporation Ltd (SGX: V03), a provider of electronics manufacturing services, is going ex-dividend. Venture is paying out S$0.50 per share for its 2018 fourth-quarter.
For the financial year ended 31 December 2018, the company’s revenue fell 13% to S$3.5 billion while net profit decreased slightly by 0.7% to S$370.1 million. Excluding a non-recurring gain recognised in the fourth quarter of 2017, net profit for 2018 would have grown by 2.4% year-on-year.
Looking ahead, Venture said that there has been “increased interest from businesses looking to relocate production to Southeast Asia due to the US-China trade war”, and this is “expected to present new business opportunities” for the company.
Venture’s shares closed at S$17.28 apiece on Friday, giving it a PE ratio of 12 and a dividend yield of 4.1%.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore O&G and Straco Corporation. Motley Fool Singapore contributor Sudhan P owns shares in Straco Corporation.