3 Companies Giving Dividends on Tuesday
There are a few companies that will be going ex-dividend on Tuesday, 22 August 2017. In other words, you need to own the firms before that day to receive their dividends.
Let’s check out three such companies at random.
1. Haw Par Corporation Ltd (SGX: H02)
With a history dating back to the 19th century, Haw Par Corporation currently has businesses in healthcare, leisure, property and investments. It is well-known as the maker of Tiger Balm, dubbed as “the world’s leading analgesic remedy”. Under its leisure business segment, it owns and operates Underwater World Pattaya in Thailand.
Haw Par Corporation is dishing out 10.0 Singapore cents per share for the second quarter.
For the three months ended 30 June 2017, revenue grew 15% year-on-year to S$60.5 million while net profit grew 7.3% to S$51.9 million.
Growth in revenue was due to higher sales from its healthcare segment, partially offset by lower revenue from its leisure segment. There was greater demand during the quarter for the firm’s Tiger Balm products, following expansion in the distribution network and an increase in marketing activities.
The shares are currently going at S$10.92, translating to a trailing price-to-earnings (PE) ratio of around 19 and a dividend yield of 1.8%.
2. ISEC Healthcare Ltd (SGX: 40T)
The healthcare outfit has a team of 25 doctors providing specialist medical eye care services with ambulatory surgical centres in Malaysia and Singapore.
The company is giving out 0.5 Singapore cent per share for the second quarter ended 30 June 2017.
For the quarter, sales went north by 12% year-on-year to S$9.3 million while bottom line increased by the same amount to S$1.95 million.
The firm said the increase in revenue was due to the acquisition of JLM companies in December last year. You can find out more about the earnings from the coverage here.
The company is now trading at S$0.32, giving a PE ratio of 24 and a dividend yield of 4%.
3. Sarine Technologies Ltd (SGX: U77)
Sarine Technologies Ltd is a manufacturer of precision technology products for the processing and trade of diamonds and gemstones.
It is paying out 2.0 US cents per share for the second quarter.
For the second quarter ended 30 June 2017, revenue came down 13% year-on-year to US$18.2 million, while net profit tumbled 46.5% to US$3.2 million.
Lower equipment sales in India, and higher operating expenses, mostly affected the performance for the quarter. You can read up more on the earnings from the coverage here.
Shares of Sarine Technologies are selling at S$1.44. This gives a PE ratio of 25 and a yield of 3.8%.