Out of the 6 companies on my watchlist that declared dividends last week, 3 met my expectations and 3 didn’t. Hence, I called it an “Ok” dividend week. Amongst them, SGX was the bright spot, springing a surprise by raising its first quarter dividend from 5 cents to 7.5 cents.
I am just wondering what SGX objective was.
While I am wishfully hoping that this is a signal that SGX will raise its dividend distribution, my practical mind tells me that it is probably not. Their 30 cents dividend for last year was the highest that it has ever declared. So, it may be too idealistic to expect another record dividend distribution so soon. In most likelihood, they are spreading out the 30 cents dividend over 4 quarters, hence 7.5 cents each. But if they are going to increase dividends, I am not complaining.
At $6.90 a share, SGX is trading at 4.35% yield. I am holding on to my few lots of SGX.
Last week was the show by Keppel Group of Companies. But only Keppel Reit declared dividend as it is the 3rd quarter of their fiscal year. This week is the show from Mapletree Group of Companies. Since its their quarter 2 reporting, all the MapleTree Reits will declare dividends !
- 22/10: MapleTree Logistics (exp 1.907 cents DPU, 6.3% yield)
- 23/10: MapleTree Industrial (exp 2.95 cents DPU, 6.1% yield)
- 24/10: MapleTree Commercial (exp 2.23 cents DPU, 6.7% yield)
- 26/10: MapleTree North East Asia Commercial (exp 3.77 cents DPU, 5.8% yield)
That’s not the only attraction for me this week. Including the above, 20 companies on my watchlist will be reporting their results and I expect 15 to declare dividends.
Amongst them are the big names like Ascendas Reit, Capitaland Mall Trust, ParkwayLife Reit, Suntec etc ….
Boy, I am looking forward to this week, anticipating the dividend declaration and counting the money coming into my bank soon.
Have a great investment and dividend week folks!