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5 Singapore Companies Paying Dividends in December

Singapore Airlines
Singapore Airlines

It’s always a good feeling to hear the “ka-ching” in your bank account when you receive a dividend.

Dividends represent a tangible return on your investment while acting as a stream of passive income.

By tracking stocks that pay out dividends, you can get an idea of which stocks you may wish to place on your buy watchlist.

REITs are the perfect asset class for regular dividends as they need to pay out 90% of their earnings as distributions.

Blue-chip stocks also fit the bill as they possess the financial strength and track record to dole out steady payouts.

Here are five Singapore stocks that are paying out, or have paid out, dividends this month.

Frasers Logistics & Commercial Trust (SGX: BUOU)

Frasers Logistics & Commercial Trust, or FLCT, owns 105 commercial and industrial properties worth around S$6.7 billion as of 30 September 2022.

These properties are spread out across five countries, namely Singapore, the UK, Germany, Australia, and the Netherlands.

FLCT reported a downbeat set of earnings for its fiscal 2022 (FY2022), with revenue dipping 4.1% year on year to S$450.2 million and net property income (NPI) falling 3.7% year on year to S$342.1 million.

Distribution per unit (DPU) for FY2022 slipped 0.8% year on year to S$0.0762.

For its fiscal 2022’s second half (2H2022), DPU fell by 2.8% year on year to S$0.0377.

The 2H2022 distribution will be paid on 15 December 2022.

The REIT has a gearing ratio of 27.4% with a low cost of debt of just 1.6% as of 30 September 2022.

With a debt headroom of S$3.2 billion, FLCT could be gearing up for a major acquisition.

Boustead Singapore Limited (SGX: F9D)

Boustead Singapore Limited, or BSL, is a conglomerate with four divisions – Energy Engineering, Real Estate, Geospatial, and Healthcare.

The engineering group reported a weaker set of earnings for its fiscal 2023’s first half (1H2023) ending 30 September 2022.

Revenue fell 27% year on year to S$246.9 million while gross profit slipped 8% year on year to S$73.9 million.

Core net profit, stripping out exceptional items, declined by 28% year on year to S$13.6 million.

The group did, however, generate a significantly higher operating cash flow of S$42.7 million in 1H2023 compared to S$17.5 million in 1H2022.

An interim dividend of S$0.015 was paid out on 1 December, the same quantum as a year ago.

Mapletree Industrial Trust (SGX: ME8U)

Mapletree Industrial Trust, or MIT, owns a portfolio of 85 properties in Singapore and 56 in the US worth S$8.9 billion as of 30 September 2022.

MIT reported a mixed performance for its fiscal 2023’s second quarter (2Q2023).

Both revenue and NPI increased by 12.8% and 8.3% year on year, respectively, to S$175.5 million and S$130.3 million.

However, DPU dipped slightly by 3.2% year on year to S$0.0336.

The DPU will be paid out on 12 December, and MIT has applied the distribution reinvestment plan for this quarter’s distribution.

That said, the REIT manager intends to release S$6.6 million of tax-exempt income over the next three quarters to mitigate the rise in operating costs.

Singapore Airlines Limited (SGX: C6L)

Singapore Airlines Limited, or SIA, is Singapore’s flagship carrier.

The group has enjoyed stronger business volumes as economies reopened and pent-up demand led to more people booking air tickets for vacations.

Passenger numbers have soared for SIA’s 2Q2023 ending 30 September 2022, going from 466,000 in the prior year to 6.3 million.

As a result, the airline’s 1H2023 numbers came in very strong as it reported a record-high operating profit of S$1.2 billion.

SIA also resumed its dividend payments, declaring an interim dividend of S$0.10 to be paid out on 22 December.

For context, its latest interim dividend was even higher than the S$0.08 that was paid out in November 2019 before the pandemic hit.

Singtel (SGX: Z74)

Singtel is Singapore’s largest telecommunication company (telco).

The group posted a mixed set of earnings for 1H2023, with revenue dipping by 5.1% year on year to S$7.3 billion.

However, an exceptional gain booked for the sale of a 3.3% stake in Bharti Airtel led to net profit climbing 23% year on year to S$1.2 billion.

If this exceptional gain was excluded, core net profit still inched up 2% year on year to S$1 billion.

Because of the divestment, Singtel declared a special dividend of S$0.05 to be paid out equally in two tranches – during its interim results and then again when it reports its FY2022 earnings in May next year.

The telco also announced an interim dividend of S$0.046.

Both dividends will be paid out on 9 December.

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Disclaimer: Royston Yang owns shares of Boustead Singapore Limited, Mapletree Industrial Trust and Frasers Logistics & Commercial Trust.

The post 5 Singapore Companies Paying Dividends in December appeared first on The Smart Investor.