facebookAny companies that actually raised dividends during this pandemic? - Seedly

Anonymous

14 Sep 2020

āˆ™

General Investing

Any companies that actually raised dividends during this pandemic?

Discussion (1)

What are your thoughts?

Learn how to style your text

Rachelle Lye

14 Sep 2020

Digital Marketing at Fintech

Hey Anon!

As with every pandemic, there are still industries and companies that do well. For example, the nature of essential services, such as healthcare that are tasked to help cope with the effects of the pandemic. šŸ“ˆ

*Disclaimer: This list is not exhaustive and does not constitute to be investment advice. The following comparisons of dividends are made to __corresponding periods last year.

šŸ’°Here are just some of the stocks listed on the Singapore Stock Exchange:

1. Sheng Siong Group Ltd (SGX: OV8)

  • Dividends: 1.75 to 3.50 Singapore Cents (+100%)

  • Net Profit: S$18.4 million (Q2 2019) to S$46.2 million (Q2 2020)

  • Share Price: S$1.74

šŸ›’ Sheng Siong is one of the largest supermarket chains, operating 61 outlets in Singapore. The company has also expanded into China to grow its business further.

With more families working and studying from home, the pandemic has led to a surge in customers buying groceries and essentials from Sheng Siong.

2. Keppel DC REIT (SGX: AJBU)

  • Dividends: 3.850 to 4.375 Singapore Cents (+14%)

  • Net Property Income: $43.23m (Q1 2019) to $55.44m in (Q1 2020)

  • Share Price: S$2.92

šŸ¢ As Asiaā€™s first pure-play data centre REIT, Keppel DC REIT portfolio comprises 18 data centres located in 11 cities within eight countries, valued at S$2.8 billion.

With data centres being considered an ā€˜essential serviceā€™, the pandemic has accelerated the pace of adoption for digital services, and also pushed many people to increase the usage of the internet and cloud services due to lockdowns.

3. SGX (SGX: S68)

  • Dividends: 7.5 to 8 Singapore Cents (+7%)

  • Net Profit: 391.1 million (FY 2019) to S$471.8 million (FY 2020)

  • Share Price: S$8.70

šŸ’µ As Singaporeā€™s sole stock exchange, SGX provides other services such as listing, trading, settlement and clearing.

Their performance was driven by an increase in trading across a wide variety of SGXā€™s securities, as well as a strong interest in the suite of derivatives that asset managers use for portfolio management purposes.

//

šŸ“Š But of course, looking at the increase in dividends during a pandemic isnā€™t sufficient, another thing to consider would be the consistency of the company in giving out these dividends.

There are other non-local stocks that have increased their dividends as well, so you can look into them as well. šŸŒŽ

Hope this helps! All the best! šŸ‘

Write your thoughts