It is always a happy occasion to receive a dividend.
The sound of the cash hitting your bank account is like music to an income investor’s ears.
The great thing about the Singapore stock market is the presence of numerous dividend-paying stocks.
These stocks also include REITs, an asset class that is well-known for paying out steady and dependable distributions.
We profile five stocks that either paid out their dividends earlier this month or are poised to pay their dividends.
APAC Realty (SGX: CLN)
APAC Realty is a real estate services provider that holds the ERA regional master franchise rights for 17 countries.
The group is one of Singapore’s largest real estate agencies with more than 8,800 advisors as of 30 June 2023.
APAC Realty reported a downbeat set of earnings for its fiscal 2023 first half (1H 2023) as the government’s property cooling measures negatively impacted the group.
Total revenue fell by 24.2% year on year to S$259.6 million while operating profit plunged by 70.6% year on year to S$5.9 million.
Net profit slid 70% year on year to S$5 million.
The group declared an interim dividend of S$0.011, down sharply from the S$0.035 paid out a year ago.
This dividend was paid on 8 September.
As of 14 August, ERA is the marketing agent for 27 new home projects with more than 10,200 units launched and slated to be launched.
Some of these projects include Altura, Lake Garden Residences, and The Arden.
ERA has also developed its proprietary super-app SALES+ that provides real estate market trends and property analysis information.
Delfi Ltd (SGX: P34)
Delfi is a manufacturer and distributor of branded confectionary products and its flagship brands in Indonesia include SilverQueen and Ceres.
The group also distributes a portfolio of well-known agency brands in Indonesia, Malaysia, and the Philippines.
Delfi reported an upbeat set of earnings for 1H 2023.
Revenue increased by 16.2% year on year to S$286.2 million while net profit jumped 30.1% year on year to S$25.2 million.
An interim dividend of S$0.0273 was declared and was paid on 7 September.
The group’s focus on its strategic products drove sales of its premium products while effective cost control helped to generate a higher margin.
For 1H 2023, Delfi developed new products in the healthier snacking category and offered more flavour options to Generation Z and Millennial consumers.
The group remains confident for the remainder of 2023 as economic growth is forecasted for Indonesia and other Southeast Asian countries.
Far East Hospitality Trust (SGX: Q5T)
Far East Hospitality Trust, or FEHT, is a hospitality trust with a portfolio of 12 properties valued at around S$2.4 billion as of 31 December 2022.
The trust reported an encouraging set of earnings for 1H 2023 as gross revenue jumped 26.9% year on year to S$52 million.
Net property income improved by 30.7% year on year to S$49 million while distribution per stapled security (DPSS) climbed 24.7% year on year to S$0.0192.
This DPSS was paid out on 5 September.
The trust has one of the lowest gearing levels among Singapore REITs at just 32% with an average cost of debt of 3.2%.
For 1H 2023, revenue per available room (RevPAR) nearly doubled year on year to S$133.
FEHT saw a recovery in air passenger numbers with visitor arrivals growing to around 71% of 2019 levels in June 2023.
These two trends bode well for the hospitality trust as it enjoys the economic recovery that is seeing occupancy rate and RevPAR increase.
Genting Singapore (SGX: G13)
Genting Singapore is the owner and operator of the integrated resort (IR) at Resorts World Sentosa (RWS).
The IR comprises six hotels with around 1,600 rooms, a casino, one of the world’s largest aquariums, Universal Studios Singapore (USS), and a variety of dining, retail, and entertainment options.
With the surge in tourists, revenue for 1H 2023 jumped 63% year on year to S$1.1 billion.
Operating profit more than tripled year on year to S$350.8 million while net profit soared from S$84.4 million to S$276.7 million.
An interim dividend of S$0.015 will be paid on 22 September, a 50% jump from the S$0.01 paid out a year ago.
Work is progressing well on RWS 2.0, the IR’s expansion plan, with the construction of Minion Land in USS and the new Singapore Oceanarium going smoothly.
A new Waterfront building and the extension for Equarius Hotel are targeted to commence construction next year pending government approvals.
Q&M Dental (SGX: QC7)
Q&M Dental is a leading private healthcare group with a network of 108 dental clinics in Singapore, 44 dental clinics in Malaysia, and a dental supplies and equipment distribution business, also in Malaysia.
The group reported a downbeat set of earnings mainly due to lower revenue from COVID-19 diagnostic tests.
Total revenue dipped by 4% year on year to S$87.1 million while net profit plunged 46% year on year to S$5.3 million.
Despite the fall, Q&M Dental still declared an interim dividend of S$0.0016 that was paid on 13 September.
CEO Ng Chin Siau remains upbeat on the group’s prospects and will focus on organic growth following the rapid expansion of its dental clinic network in 2022.
Q&M Dental will continue to invest in technology and improve productivity across its clinics.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
