I like tracking companies that give out dividends to generate investment ideas. In the next few days, some companies in Singapore 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.)
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Tuesday, 10 September 2019
Casino operator, Genting Singapore Ltd (SGX: G13), is going ex-dividend on Tuesday. The company is dishing out 1.5 Singapore cents per share for its 2019 second-quarter.
For the latest quarter, Genting Singapore’s revenue grew 14% year-on-year to S$636.8 million but its net profit tumbled 5% to S$168.4 million. The company said that the earnings decline “would have been significant if not for the high rolling win percentage in the VIP rolling business segment at Resorts World Sentosa”. To learn more about Genting Singapore’s latest earnings, you can head here.
At Genting Singapore’s closing share price of S$0.90 on Friday, it had a price-to-earnings (PE) ratio of 15 and a dividend yield of 3.9%.
Wednesday, 11 September 2019
OUE Ltd (SGX: LJ3) is slated to go ex-dividend on Wednesday. The property outfit is giving out 1.0 Singapore cent per share for its second quarter of 2019.
For the three months ended 30 June 2019, OUE’s top-line surged 89.4% year-on-year to S$285.3 million as a result of higher contribution from its development property division, which was partially offset by lower contributions from its investment properties and healthcare divisions. Meanwhile, net profit ballooned more than 10 times from S$5.3 million to S$60.9 million. The huge increase was mainly due to a one-off gain on the disposal of Aquamarina Hotel Private Limited.
OUE shares ended Friday at S$1.46, translating to a price-to-book ratio of just 0.3 and a dividend yield of 1.4%, excluding any special dividend.
Wednesday, 11 September 2019
On the same day as OUE, Tat Seng Packaging Group Ltd (SGX: T12) is going ex-dividend. The company is one of Singapore’s largest producers of packaging solutions. It is paying out 1.0 Singapore cent per share for its 2019 second-quarter.
For the quarter ended 30 June 2019, Tat Seng’s revenue and net profit fell by 16.1% and 88.4% respectively, year-on-year. The fall in sales was mainly due to headwinds in China; revenue from the country’s operations decreased but revenue from Singapore rose.
Tat Seng’s free cash flow, however, improved significantly from a negative S$9.2 million to a positive S$12.2 million. Cash flow is the lifeblood of any company, as discussed by my Foolish colleague, Royston Yang, here.
Tat Seng’s shares closed at S$0.51 apiece on Friday, giving it a PE ratio of 5 and a dividend yield of 5.9%.
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.