Tracking companies that are dishing out dividends can be a fantastic way to generate investment ideas. In the next few days, some companies are going ex-dividend. Let’s check out three of them.
(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.)
Wednesday, 14 August 2019
On Wednesday, supermarket chain Sheng Siong Ltd (SGX: OV8) is pencilled in to go ex-dividend. The company is giving out 1.75 Singapore cents per share for its 2019 second-quarter.
Sheng Siong’s revenue for the latest quarter grew 11.8% year-on-year to S$238.2 million, while net profit rose 7.6% to S$18.4 million. The revenue growth was mainly due to sales from new stores opened.
At Sheng Siong’s share price of S$1.18 on Friday, it had a price-to-earnings (PE) ratio of 24 and a dividend yield of 3%.
Thursday, 15 August 2019
United Overseas Bank (SGX: U11), one of the three major banks in Singapore, is slated to go ex-dividend on Thursday. UOB is giving out 55 Singapore cents per share for its second quarter of 2019.
For the three months ended 30 June 2019, total income grew 10% year-on-year to S$2.58 billion, and net profit soared 8% to a record of S$1.17 billion. The strong earnings growth was on the back of improvement in both interest and non-interest income.
UOB’s shares ended Friday at S$25.80 each, translating to a price-to-book ratio of 1.2 and a dividend yield of 4.1%, excluding any special dividend.
Friday, 16 August 2019
On Friday, postal and logistics outfit Singapore Post Limited (SGX: S08) is going ex-dividend. SingPost is paying out 0.50 Singapore cents per share for its first quarter.
For the quarter ended 30 June 2019, revenue increased by 1% year-on-year to S$372.6 million while net profit surged 37.2% to S$18.7 million. The slight improvement in the top-line was due to higher international post and parcels revenue. SingPost’s underlying net profit climbed 3.9% to S$25.6 million on the back of better results from associated companies and joint ventures.
SingPost’s shares closed at S$0.955 apiece on Friday, giving a PE ratio of 191 (based on reported earnings) and a dividend yield of 3.7%.
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 Sheng Siong and United Overseas Bank. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.