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%|
|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|
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%.
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 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.
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.
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