With the earnings season coming to a close, it’s time to take stock of how companies have performed.
Income investors should also be interested in companies that have declared dividends this round.
The focus should not just be on the absolute dividend but whether the dividend has increased or decrease from a year ago.
Another factor to consider is whether this dividend is sustainable and has the potential to increase in future.
Here are four Singapore stocks that just recently declared dividends.
Singapore Airlines Limited (SGX: C6L)
Singapore Airlines, or SIA, is Singapore’s flagship airline.
The blue-chip group recently reported its financial results for the first half of fiscal 2025 (1H FY2025) ending 30 September 2024.
Total revenue rose 3.7% year on year to S$9.5 billion with both SIA and Scoot carrying 19.2 million passengers, registering a 10.8% year-on-year increase for 1H FY2025.
Total expenditure, however, increased by 14.4% year on year to S$8.7 million, resulting in operating profit tumbling by 48.8% year on year to S$796 million.
Net profit plunged by 48.5% year on year to S$742 million.
For 1H FY2025, SIA generated a positive free cash flow of S$1.1 billion, although this was 40% lower than the previous corresponding period.
An interim dividend of S$0.10 was declared, unchanged from the prior year.
As of 30 September 2024, SIA’s fleet consisted of 205 aircraft and the airline has 84 aircraft on order.
The group’s passenger network covered 127 destinations in 36 countries and territories.
Despite the weaker results, SIA is investing S$1.1 billion to overhaul its long-haul cabins by the end of 2030.
The carrier had 9.44 million KrisFlyer members as of 30 September 2024, a 21.5% year-on-year increase.
Management warned that the operating landscape will continue to be competitive but that the demand for both air travel and air freight will stay healthy.
Fraser & Neave (SGX: F99)
Fraser & Neave, or F&N, is a Southeast Asian food and beverage group that manufactures and sells a wide variety of beverages such as tea, milk, and fruit juices under popular brands such as Magnolia, Fruit Tree, Nutri-Soy and 100-Plus.
The group reported a respectable set of earnings for its fiscal 2024 (FY2024) ending 30 September 2024.
Revenue inched up 3% year on year to S$2.2 billion while gross profit jumped 10.5% year on year to S$688.8 million.
Net profit before fair value adjustments and exceptional items rose 12.7% year on year to S$150.2 million.
The business also generated a positive free cash flow of S$102.4 million for FY2024, 10% lower year on year.
A final dividend of S$0.04 was declared, in line with what was paid out a year ago.
F&N has secured a land lease for the construction of a new dairy manufacturing facility in Cambodia.
The new plant will produce, distribute, market, and sell the group’s dairy products with a focus on canned milk.
Operations are expected to commence in the first quarter of 2026.
Singapore Post (SGX: S08)
Singapore Post, or SingPost, is a postal and eCommerce logistics provider.
The group’s portfolio of businesses covers national and international postal services to warehousing, fulfilment, and international freight forwarding.
The postal group reported a 20% year-on-year jump in revenue to S$992.4 million for the first half of fiscal 2025 (1H FY2025).
Operating profit surged by 63% year on year to S$51.2 million while net profit soared 97.3% year on year to S$22.6 million.
In line with the good results, SingPost declared an interim dividend of S$0.0034, an 89% year-on-year increase from the S$0.0018 paid out in the previous year.
The group has reclassified its business segments by region instead of business function.
Its Australian division saw revenue climb 44.1% year on year to S$574.9 million with operating profit rising by 30.2% year on year to S$30.4 million.
The division did better because of business integration benefits along with identified savings across revenue initiatives.
The International division saw a mixed performance with revenue falling nearly 27% year on year to S$117.9 million due to lower volumes and increased competition.
Operating profit, however, surged by 43.3% year on year to S$4.3 million.
SingPost’s Singapore division remained weak, with operating profit plunging by 94% year on year despite a 12.4% year-on-year rise in revenue.
NetLink NBN Trust (SGX: CJLU)
NetLink NBN Trust designs, owns, and operates the passive fibre network infrastructure of Singapore’s Nationwide Broadband Network (NBN).
The group’s extensive coverage includes both residential homes and non-residential premises.
NetLink announced its 1H FY2025 earnings which saw revenue dip by 0.2% year on year to S$204.8 million.
The lower revenue was because of lower ancillary revenue and more government projects completed in the previous corresponding period.
Net profit fell by 8.3% year on year to S$48.5 million.
However, the trust’s distribution per unit rose 1.1% year on year to S$0.0268.
The number of residential connections stood at 1.52 million as of 1H FY2025, 0.9% higher than at the end o FY2024.
Non-residential connections saw a slight decline from 53,482 to 53,182 over the same period because of churn from requesting licensees with delayed terminations.
NetLink will continue to explore opportunities to invest in telecommunication and infrastructure-related businesses within Singapore and internationally.
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Disclosure: Royston Yang owns shares of NetLink NBN Trust.
