There are some 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 its dividend. Let’s learn about three of those companies.
Wednesday, 18 September 2019
On Wednesday, Uni-Asia Group Ltd (SGX: CHJ), is set to go ex-dividend. Uni-Asia is an alternative investment company that targets mainly cargo ships and properties. The company is dishing out S$0.02 per share for its 2019 second-quarter.
For the latest quarter, Uni-Asia’s total income grew 23% year-on-year to US$35.8 million while its net profit surged 52% to US$3.0 million. The top-line growth was largely due to increased hotel income and investment returns. The investment group ended the quarter with a net asset value per share of US$1.66.
Uni-Asia’s share price closed at S$0.735 on Friday. At that price, the company had a price-to-book (PB) ratio of 0.3 and a dividend yield of 5.6%.
Thursday, 19 September 2019
Asian Pay Television Trust (SGX: S7OU) is pencilled in go ex-dividend on Thursday. Currently, the trust’s only investment is in Taiwan Broadband Communications Group (TBC), the leading cable operator in Taiwan. Asian Pay Television Trust is paying S$0.003 for its second quarter of 2019.
Total revenue for the trust’s latest quarter fell 6.9% year-on-year while its EBITDA (earnings before interest, tax, depreciation and amortisation) tumbled 3.8%. The business continued to see challenges in the economic and operating environment. After its 2018 third-quarter, the trust cut its distributions drastically amid a poor set of results. Asian Pay Television Trust is currently undergoing an independent strategic review with regards to the options available for the trust and its investment in TBC.
Asian Pay Television Trust’s units ended Friday at S$0.172 each, giving a PB ratio of 0.2 and a distribution yield of 7%, based on its 2019 distribution guidance of S$0.012 per unit. Even though the distribution yield is high, its sustainability is a question given the deteriorating business conditions.
Thursday, 19 September 2019
On Thursday as well, glove manufacturer Riverstone Holdings Limited (SGX: AP4) is going ex-dividend. Riverstone is paying out RM 0.0155 for its 2019 second-quarter.
In its most recent quarter, Riverstone saw its revenue grow 11.9% year-on-year to RM 239.7 million, but its net profit declined by 3.1% to RM 32.5 million. The higher revenue was on the back of increased demand for both its premium cleanroom and specialty healthcare gloves. However, higher operating costs, especially higher selling and distribution expenses, led to lower profitability. Over the longer term though, I’m optimistic about Riverstone’s business since there should be continued demand for its gloves.
Riverstone’s shares closed at S$0.98 each on Friday, giving a price-to-earnings ratio of 17 and a dividend yield of 2.4%.
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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 Riverstone Holdings Limited. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.