Yahoo Finance 5 Singapore Stocks Paying Out Dividends in May
Nothing beats the feeling of receiving a dividend that goes straight into your bank account.
Dividends are the rewards that you receive for investing your money in cash-generating stocks and are a tangible return you can enjoy.
Fortunately, many stocks on the Singapore Stock Exchange pay out a consistent dividend.
These include dependable blue-chip stocks along with smaller companies and conglomerates.
Here are five Singapore companies that are set to dole out dividends in May.
Delfi Ltd (SGX: P34)
Delfi is a manufacturer of branded consumer products which are sold in over 17 countries such as Indonesia, the Philippines, Malaysia, Singapore, and Hong Kong.
The group has a portfolio of established chocolate brands such as SilverQueen and Ceres in addition to its namesake Delfi brand.
Delfi announced a respectable set of earnings for 2023 with revenue rising by 12.7% year on year to US$538.2 million.
Gross profit increased by 5.3% year on year to US$153.2 million while net profit improved by 5.4% year on year to US$46.3 million.
Delfi generated a small positive free cash flow of US$177,000 for 2023 because of higher capital expenditure.
The group declared a final dividend of S$0.0233 and a special dividend of S$0.0069, both of which will be paid out on 13 May.
Management warned that ongoing political tensions and supply chain bottlenecks have sent commodity prices soaring, especially that of cocoa.
However, the group is confident that it can weather these challenges by growing its core premium format products and using strategies to mitigate rising ingredient costs.
Genting Singapore (SGX: G13)
Genting Singapore owns and operates the integrated resort Resorts World Sentosa (RWS).
RWS has six hotels with around 1,600 hotel rooms, a casino, a Universal Studios theme park, and a wide selection of entertainment, dining, and retail options.
The IR operator reported a strong set of earnings for 2023 as tourism demand returned with a bang.
Revenue jumped 40% year on year to S$2.4 billion while operating profit surged by 70% year on year to S$774 million.
Net profit climbed 80% year on year to S$611.6 million.
Free cash flow for 2023 came in at S$568.3 million and the group declared a final dividend of S$0.02, unchanged from a year ago.
This dividend will be paid on 24 May.
Renovation and upgrading works for RWS are ongoing and the new Singapore Oceanarium is on track for a soft opening in early 2025.
Haw Par Corporation (SGX: H02)
Haw Par is a conglomerate with four core divisions – healthcare, leisure, property, and investments.
The group is the manufacturer and distributor of the famous Tiger Balm brand of analgesics and salves.
Like Genting Singapore, Haw Par also experienced a sharp rebound in revenue and net profit as economies reopened and sporting activities resumed.
Revenue for 2023 climbed 27.4% year on year to S$232.1 million with gross profit jumping nearly 37% year on year to S$134.9 million.
Net profit for the year surged by 46% year on year to S$216.6 million.
Haw Par’s free cash flow more than doubled year on year from S$21.2 million to S$54.9 million.
A final dividend of S$0.20 was proposed, bringing the full-year dividend to S$0.40, higher than the prior year’s S$0.30.
This dividend will be paid on 21 May.
OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank by market capitalisation and offers a comprehensive range of banking, insurance, and investment services to its customers.
The bank reported a sparkling set of earnings for 2023 as higher interest rates boosted its net interest income (NII).
Total income for 2023 rose 20% year on year to S$13.5 billion, aided by a 25% year-on-year increase in NII to S$9.6 billion.
Net profit shot up 27% year on year to S$7 billion.
The lender declared a final dividend of S$0.42 per share which will be paid on 21 May.
2023’s total dividend came up to S$0.82, a 21% year on year increase from the previous year’s S$0.68.
CEO Helen Wong expects global growth to slow this year but is confident that Asia will perform well.
The bank is confident of maintaining a return on equity of between 13% to 14% and will maintain a dividend payout ratio of around 50%.
Nordic Group (SGX: MR7)
Nordic Group is a solutions provider in the areas of maintenance, repair, and overhaul (MRO), system integration solutions, vessel maintenance, and scaffolding and insulation, among others.
The group reported a downbeat set of earnings for 2023 as certain projects were completed while others were delayed in Singapore and Malaysia.
Revenue dipped by 1% year on year to S$160.6 million but gross profit tumbled 20% year on year to S$36.4 million as gross margin shrank from 28.1% to 22.7%.
Net profit fell by 23% year on year to S$16 million.
Nordic’s free cash flow also plunged by 70% year on year to S$10.2 million.
A final dividend of S$0.00588 was proposed and will be paid on 17 May.
2023’s total dividend added up to S$0.01589, representing a payout ratio of 40%.
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Disclosure: Royston Yang owns shares of Delfi.
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