I like to track companies going ex-dividend for investment ideas. “Ex-dividend” means that you have to own the company’s shares before a particular date (the ex-dividend date) if you wish to receive their dividends. In the next few days, three companies are going ex-dividend; let’s check out those companies.
Wednesday, 26 June 2019
On Wednesday, Aspial Corporation (SGX: A30) is slated to go ex-dividend. The company is involved in jewellery retail, property development, and financial services.
Aspial is dishing out 0.25 Singapore cents per share for its fourth quarter.
For the full year ended 31 December 2018, revenue surged 84% year-on-year to S$898.5 million. The huge increase was mainly due to a 209% growth in revenue from its real estate business segment. Real estate business revenue grew mostly due to sales from its CityGate project in Singapore, and revenue from the settlement and handover of completed residential units in Melbourne, Australia. Meanwhile, net profit ballooned from S$2.3 million to S$28.3 million.
Aspial’s share price last closed at S$0.19 on Monday, translating to a price-to-book (PB) ratio of 1.2 and a dividend yield of 3.9%.
Wednesday, 26 June 2019
On the same day as Aspial, Hong Lai Huat Group Ltd (SGX: CTO) is pencilled in to go ex-dividend. Hong Lai Huat is a real estate and property developer with around 30 years of experience.
The company is giving out 0.5 Singapore cents per share for its fourth quarter.
Revenue for Hong Lai Huat’s full year ended 31 December 2018 improved 176% to S$34.8 million, while net profit climbed 287% to S$7.9 million. The company said that stronger property sales drove the robust growth in both the top- and bottom-line.
Hong Lai Huat’s shares last traded at S$0.22 apiece on Monday. At that share price, the company had a PB ratio of just 0.4 and a dividend yield of 2.3%.
Thursday, 27 June 2019
On Thursday, private healthcare provider, IHH Healthcare Bhd (SGX: Q0F), is set to go ex-dividend.
IHH is paying 3.0 Malaysia sen per share for its fourth quarter.
For the 12 months ended 31 December 2018, the healthcare outfit’s revenue rose 3% to RM 11.52 billion, but net profit fell 35% to RM 627.7 million. The fall in the bottom-line was due to higher net forex losses and a one-off gain seen on the disposal of IHH’s stake in Apollo hospitals in 2017. Excluding all one-off items, IHH’s net profit would have grown 73% to a record high of RM 1.03 billion.
IHH’s shares last closed at S$1.86 each on Monday, giving a price-to-earnings ratio of 85 and a dividend yield of 0.5%.
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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.