Full year dividend 2012 (Part 2) – comparison within each sector

With the release of full-year financial performance of some listed companies, I am interested to know total dividends (paid and proposed) of some counters. The table below shows dividend yields against prices of these stocks as at 31 December 2012.

Net Profits2012 ChangeOver ‘11

%

Total Dividend(cents) YEPrice Div Yield%
OCBC $3,993 m +73.0  33.0 $9.73 3.39
DBS Bank $3,809 m + 26.0  56.0 $14.84 3.77
UOB $2,803 m + 20.5 70.0 $19.81 3.53
Keppel Corp $2,237 m + 15.0 72.4 $11.00 6.58
SembCorp Ind $753.2 m – 6.9 15.0 $5.25 2.85
Semb Marine $538.4 m – 28.4 13.0 $4.60 2.82
Comfort Delgro $248.9 m + 5.6 6.4 $1.79 3.57
SBS Transit $18.5 m – 49.4 3.0 $1.50 2.00
CapitaLand $930.3 m – 12.0 7.0 $3.75 1.86
Keppel Land $838.4 m – 39.0 12.0 $4.03 2.97
City Dev $678.3 m – 15.1 13.0 $12.87 1.01
StarHub $359.3 m + 13.9 20.0 $3.85 5.19
M1 $146.5 m – 10.7 14.6 $2.71 5.38

Banks

Core net profit before divestment gains of OCBC rose 24% to $2,825 m. Divestment gains of OCBC amounted to $1,168 m. Comparing all three local banks, DBS had the highest net profit figure, followed by OCBC and UOB. In terms of dividend yield based on year-end share price, DBS again tops at 3.77% followed by UOB and OCBC. OCBC did not pay out special dividend on account of one-time divestment gain. This gain will be used for future expansion plan of the bank.

Offshore & Marine Businesses

Keppel Corp improved on its net profit, increased 15.0% to $2,237 m over previous financial year. Net profits for both SembCorp Marine and SembCorp Industries declined instead. Total dividend for Keppel Corp is 72.4 cents giving a fantastic yield of 6.58%.

Transport

SBS Transit is a subsidiary of Comfort Delgro. Net profit of SBS Transit decreased 49.4% over previous year. Singapore public bus and rail business of SBS Transit suffered a great deal under a difficult environment it operated in. Comfort Delgro with operations overseas as well turned in a positive growth in net profit, increased 5.6%. Dividend yield is a respectable 3.57%.

Property Developers

Property developers had a hard time in 2012. Net profits of both CapitaLand and Keppel Land declined, 12.0% and 39.0% respectively. Keppel Land still offered good dividend, 12.0 cents with yield of 2.97%.

Net profit for City Developments declined 15.1% and dividend yield of 1.01% is the lowest of the three property developers analysed.

Telco Companies

StarHub and M1 continued to give good dividend. Dividend yields are 5.19% and 5.38% respectively. StarHub did better than M1. Net profit for StarHub increased 13.9% but M1’s net profit declined 10.7%. Despite a drop in profit, M1 still wanted to give higher dividend 14.6 cents this year against14.5 cents in 2011.

Copyright © 2013, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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