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High Dividend Plays

Assume that the dividends being paid out for 2009 will be the same as 2008 i.e. $0.27 per share as what you have calculated and you bought SPH at $3.15 per share. Thus the dividend yield is $0.27/ $3.15 and this will give you around 8.6%. 

 

Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. 

 

hi MT,

thanks for sharing your advise. i have extracted some data on past div payout for SPH from sgx website:

 

	DIVIDEND	9 Dec 2008	11 Dec 2008	23 Dec 2008	SGD 0.09 ONE-TIER TAX
	DIVIDEND	9 Dec 2008	11 Dec 2008	23 Dec 2008	SGD 0.1 ONE-TIER TAX
	DIVIDEND	30 Apr 2008	5 May 2008	21 May 2008	SGD 0.08 ONE-TIER TAX
	DIVIDEND	11 Dec 2007	13 Dec 2007	27 Dec 2007	SGD 0.09 ONE-TIER TAX
	DIVIDEND	11 Dec 2007	13 Dec 2007	27 Dec 2007	SGD 0.1 ONE-TIER TAX
	DIVIDEND	27 Apr 2007	2 May 2007	15 May 2007	SGD 0.07 ONE-TIER TAX
	DIVIDEND	8 Dec 2006	12 Dec 2006	22 Dec 2006	SGD 0.08 ONE-TIER TAX
	DIVIDEND	8 Dec 2006	12 Dec 2006	22 Dec 2006	SGD 0.09 ONE-TIER TAX
	DIVIDEND	27 Apr 2006	2 May 2006	16 May 2006	SGD 0.07 ONE-TIER TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.01126 ONE-TIER TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.083425 LESS TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.1 LESS TAX
	DIVIDEND	22 Apr 2005	26 Apr 2005	10 May 2005	SGD 0.05 LESS TAX
	DIVIDEND	22 Apr 2005	26 Apr 2005	10 May 2005	SGD 0.0375 LESS TAX
	DIVIDEND	14 Dec 2004	16 Dec 2004	28 Dec 2004	SGD 0.1 LESS TAX
	DIVIDEND	14 Dec 2004	16 Dec 2004	28 Dec 2004	SGD 0.1125 LESS TAX
	ENTITL.	8 Jun 2004	10 Jun 2004		STOCK SPLIT OFFER OF 5 FOR 1
	DIVIDEND	8 Jun 2004	10 Jun 2004	24 Jun 2004	CANCEL SUBDIVSH SGD 3.6 NET OF TAX
	ENTITL.	8 Jun 2004	10 Jun 2004	24 Jun 2004	CANCEL SUBDIVSH SGD 0.22
	DIVIDEND	8 Jun 2004	10 Jun 2004	24 Jun 2004	CANCEL SUBDIVSH SGD 3.6 NET OF TAX
	ENTITL.	8 Jun 2004	10 Jun 2004	24 Jun 2004	CANCEL SUBDIVSH SGD 0.22
	DIVIDEND	20 Apr 2004	22 Apr 2004	5 May 2004	SGD 0.2 LESS TAX
	DIVIDEND	9 Dec 2003	11 Dec 2003	23 Dec 2003	SGD 0.5 LESS TAX
	DIVIDEND	9 Dec 2003	11 Dec 2003	23 Dec 2003	SGD 0.3 LESS TAX
	DIVIDEND	17 Dec 2002	19 Dec 2002	3 Jan 2003	SGD 0.5 LESS TAX
	DIVIDEND	17 Dec 2002	19 Dec 2002	3 Jan 2003	SGD 0.3 LESS TAX
	DIVIDEND	15 Apr 2002	17 Apr 2002	28 Apr 2002	S$ 0.2 LESS TAX
	ENTITL.	4 Feb 2002	6 Feb 2002	19 Feb 2002	CASHD $0.25/SH
	DIVIDEND	18 Jan 2002	22 Jan 2002	31 Jan 2002	S$ 0.5 LESS TAX

 

does it mean that to understand Div Payout in 2008 = 0.09+0.1+0.08 = 0.27 cents. Ie we get 27% return for each dollar invested? nos dont appear right and i m not sure how to interpret. appreciate your clarification. thanks.

 

You can check their past dividends payout on the sgx website. Just sum up the total dividend for each year.

Dividend yield is dividends divided by stock price. Thus it is hard to define what is the dividend yield for the past 2 years because the stock price can fluctuate. Furthermore, dividends are not fixed every year and the dividends payout may drop for this coming year. As a general rule of thumb, perhaps you can use the dividend payout for last financial year and use the current stock price now to compute the dividend yield. That should give you a rough idea of the current dividend yield.

You can also look at SMRT and Singpost. They should meet your criteria.

Some of the REITs are not that bad if you look at it. A few of them have secured their re-financing for the next two years and some of their rental tenants are on a longer term commitment. It's true that rentals may drop but how much can it drop ? Some of the dividend yield are at 10% to 20% now so even if it drops by half, you are still looking at an attractive 5% to 10% dividend yield. Furthermore, many REITs are selling way below their NAV thus there is a potential for one to have capital gains if one is willing to hold when the property market heats up in the next economic cycle.

 

Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. 

 

Hi masters, am a newbie at this. i've reserached that good, consistent and stable dividend yeild plays are SPH, Comfort and ST Eng.

can someone advise what the past two years dividend yeild % are for these, and if there are others that i can look at for stable healthy div payouts?

i m also staying clear of REITs althouh short term div payout is good, i have concerns of re-financing and longer term prospects as rentals are renewed lower.

thanks so much