3 Companies Paying Dividends This Week
There are a few companies that will be going ex-dividend in the next few days. In other words, you need to own them before a particular date to receive their dividends. Let’s take a look three such companies at random.
1. Thursday, 3 August 2017
On Thursday, a provider of modern logistics facilities, Global Logistic Properties Ltd (SGX: MC0), or GLP for short, will be going ex-dividend. GLP operates in China, Japan, US and Brazil. With assets under management of US$39 billion, it is also one of the world’s largest real estate fund managers.
GLP is dishing out 6.0 Singapore cents per share for the fourth quarter.
For the full year ended 31 March 2017, revenue grew 13% year-on-year to US$880 million. The higher revenue for the year was mainly due to increased fund management fee income, completion and stabilisation of development projects in China and revenue from financial services in the country.
Meanwhile, profit after tax and minority interests (PATMI) grew to a record figure of US$793.7 million in the latest financial year, up from US$719.1 million last year. This was largely due to higher earnings before interest and taxes (EBIT) and lower non-controlling interests’ share of results in GLP China, partly offset by higher unrealized foreign exchange loss and higher borrowing costs.
GLP’s shares ended the day at S$3.32. This translates to a historical price-to-earnings (PE) ratio of around 15 and a dividend yield of 1.8%.
2. Thursday, 3 August 2017
On the same day as GLP, Oversea-Chinese Banking Corp. Limited (SGX: O39), or OCBC, will be going ex-dividend. OCBC is one of the three major banks that is part of the Straits Times Index (SGX: ^STI).
It is giving out 18.0 Singapore cents per share for the second quarter.
For the quarter ended 30 June 2017, net interest income grew 7% year-on-year to S$1.35 billion while non-interest income surged 34% S$1.05 billion. In all, total income went up 17% year-on-year to S$2.40 billion, with net profit increasing 22% to S$1.08 billion.
Strong lending growth from corporate and consumer clients helped prop up net interest income. On the other hand, a 45% increment in wealth management fee income led to the higher non-interest income for the quarter.
OCBC closed at S$11.39 on Tuesday, giving a price-to-book ratio of 1.3 and a yield of around 3%.
3. Friday, 4 August 2017
On the last trading day of the week, Fischer Tech Ltd. (SGX: BDV), a manufacturer of precision engineering plastic components, will be going ex-dividend.
The firm is paying out 6.0 Singapore cents per share for the second half of its financial year. This includes 3.0 cents of special dividends.
For the full year ended 31 March 2017, revenue tumbled 5.2% year-on-year to S$178.1 million due to reduction in customers’ orders from all product sectors – automotive, computer peripherals, consumer electronics and others, and healthcare. Net profit remained relatively steady at S$13.0 million despite lower sales. The stable earnings were largely on the back of higher foreign exchange gains, and lesser distribution and selling costs.
Shares of the plastic components maker closed at S$3 this evening. This gives a PE ratio of close to 13 and a yield of 2%, inclusive of the special dividends.