Annual reports of some companies for the year ended 31 December 2010 were progressively released. Some key performance ratios of three companies were highlighted below:
EPS 70 cents
Total dividend per share 56 cents (80% of EPS)
Dividend yield 3.84% (based on 17 Feb share price of $14.58)
PE ratio 20.8 times
EPS 16.21 cents
Total dividend per share 14.55 cents (89% of EPS)
Dividend yield 4.48% (based on 17 Feb share price of $3.25)
PE ratio 20.04 times
EPS 10.95 cents
Total dividend per share 5.5 cents (50.2%)
Dividend yield 3.50% (based on 17 Feb share price of $1.57)
PE ratio 14.33 times
Dividend yields based on latest share prices were good. ST Engineering’s is 4.48%, DBS’ is 3.84% and Comfort Delgro’s is 3.50%. ST Engineering is the most generous, giving out 89 per cent of their earnings per share as dividends to reward their shareholders. DBS gives out 80 per cent of their earnings as dividends. It is to be noted that Temasek Holdings had a big stake in both DBS and ST Engineering. Dividends declared by DBS and ST Engineering will also go to Temasek Holdings since it is a major shareholder.
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