Three SGX-listed small-caps will deposit dividends into shareholders’ accounts within days of each other this month.
LHN Limited (SGX: 41O) pays on 26 June 2026, followed by Yeo Hiap Seng (SGX: Y03) and Straits Trading Company (SGX: S20) on 29 June 2026.
A payment date tells you when the cash arrives.
The latest results tell you whether it keeps arriving.
Here is what each company’s recent performance says about the durability of its payout.
Is LHN’s dividend built on solid ground?
LHN is a real estate management services group specialising in space optimisation, with operations across Singapore, Indonesia, Myanmar and Cambodia.
For the first half of fiscal 2026 ending 31 March 2026 (1HFY2026), revenue dipped 13.7% year on year (YoY) to S$60.9 million.
The fall came from the absence of property development revenue, which contributed S$12.1 million a year ago.
The core space optimisation business grew revenue by 10.7% YoY, led by the Coliwoo co-living brand’s higher rental and occupancy rates.
Net profit attributable to shareholders climbed 18.6% to S$16.8 million.
Free cash flow stayed positive at S$22.7 million, though lower than the S$36.1 million a year ago.
Cash stood at S$139.1 million, boosted by S$101 million raised from Coliwoo’s listing in November 2025, against bank borrowings of S$327.7 million.
The interim dividend was held at S$0.01 per share.
Profit growth and positive cash flow back this payout.
Can Straits Trading pay a dividend while reporting a loss?
Straits Trading, or STC, is a conglomerate with interests in resources, real estate and hospitality.
For FY2025, revenue rose 10.4% YoY to S$623.3 million on higher tin prices, a stronger Malaysian Ringgit, and the opening of Crowne Plaza Penang Straits City.
The headline number below that looks grim: a loss attributable to shareholders of S$249.1 million, widening from S$7.2 million a year ago.
Most of that loss never touched the bank account.
A S$102.3 million hit came from the loss of joint control over a joint venture, and S$43.9 million from fair value losses on investment properties.
Free cash flow tells a different story, nearly quadrupling to S$27.6 million from S$7.3 million.
Borrowings fell from S$1.7 billion to S$1.4 billion after the group redeemed its exchangeable bonds, with S$488.4 million in cash on hand.
The interim dividend was held at S$0.08 per share.
The cash flow, not the income statement, is doing the paying.
Where is Yeo Hiap Seng’s dividend really coming from?
YHS has sold Asian beverages for more than 100 years under brands such as YEO’S and H-TWO-O.
For FY2025, revenue declined 11% YoY to S$292.4 million on weaker consumer spending and intensified competition.
Net profit more than tripled to S$21.1 million.
The lift came almost entirely from a S$40.9 million fair value gain on its Guangzhou property following a 50-year land lease extension.
Strip that out and the core F&B business lost S$18.9 million, reversing from a profit a year ago.
Free cash flow turned negative at S$7.4 million, against a positive S$14.1 million previously.
The proposed final dividend of S$0.02 per share is unchanged, funded by a debt-free balance sheet holding S$190.8 million in cash and fixed deposits.
That cash pile can write the cheque for now.
But free cash flow is the lifeblood of dividends, and YHS is not generating it.
Get Smart: An unchanged dividend is not an unchallenged dividend
All three companies held their payouts steady.
Only LHN backed its dividend with both profit growth and positive free cash flow.
STC’s loss masks a genuine cash recovery, while YHS’s profit masks a core business in the red.
Fellow investor, when the money lands in your account this June, it pays to know which cheques were written from cash flow and which from the balance sheet.
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Disclosure: Calvina L. does not own shares of any companies mentioned. Chin Hui Leong contributed to the article and does not own shares of any companies mentioned.
