Tracking companies that give out dividends might be a great way to generate investment ideas. In the next few days, a number of companies are going ex-dividend. So, let’s check out those companies.
(Note: “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 its dividends.)
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Wednesday, 24 July 2019
Postal and logistics company Singapore Post Limited (SGX: S08) is pencilled in to go ex-dividend on Wednesday.
SingPost is dishing out 2.0 Singapore cents per share for its fourth quarter. For the full year ended 31 March 2019, revenue increased by 2.9% to S$1.56 billion, but net profit plunged 86% to S$19.0 million. The huge fall in the bottom-line was largely due to one-off impairment charges of its US businesses.
SingPost’s dividend has fallen from 6.25 Singapore cents in 2015 to 3.5 Singapore cents in 2019. Going forward, is there a risk of SingPost slashing its dividends further? You can get your answer from Royston Yang’s article here.
SingPost’s share price last ended at S$1.01 on Friday. At that price, it translates to a price-to-earnings (PE) ratio of 561 (based on reported earnings) and a dividend yield of 3.5%.
Thursday, 25 July 2019
On Thursday, Keppel Corporation Limited (SGX: BN4) is slated to go ex-dividend. Keppel Corporation is a widely-followed conglomerate with various business divisions, include offshore and marine.
The group is giving out 8.0 Singapore cents per share for its first half of 2019 (1H 2019). Revenue for the six months ended June 2019 grew 10.8% to S$3.32 billion. However, net profit declined by 39.3% to S$356.3 million. The fall in earnings was due to “lower contributions from en-bloc sales of property projects which amounted to S$416 million in H1 2018”.
A positive point in H1 2019 is that Keppel Corporation saw an improved performance at its offshore and marine division, which returned to profitability, compared to a net loss of S$40 million a year ago.
Keppel Corporation’s shares last traded at S$6.57 apiece on Friday, giving it a PE ratio of 17 and a dividend yield of 3.5%.
Friday, 26 July 2019
On the final trading day of the week, telco Singapore Telecommunications Limited (SGX: Z74) is set to go ex-dividend.
Singtel is paying 10.7 Singapore cents per share for its fourth quarter. For the 12 months ended 31 March 2019, the telco’s revenue increased by 4% to S$17.37 billion in constant currency terms due to growth in info-communications technology (ICT), digital services, and equipment sales from mobile connections in Singapore and Australia. Net profit, though, fell by 42% to S$3.10 billion, mainly on the back of a one-off gain seen last year. Excluding that, underlying net profit would have declined by 21%.
Singtel’s shares last closed at S$3.54 each on Friday, translating to a PE ratio of 19 and a dividend yield of 4.9%.
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.