Wednesday, February 4, 2015

Highest dividend yields among stocks with billion dollar Mkt Cap

  • In addition to the REIT Sector which maintains an average indicative yield of 6.4%, there are also number of stocks listed on SGX that have maintained comparatively higher dividend yields than the STI.
  • Among the SGX-listed stocks with a market capitalisation above S$1 billion, the five stocks that maintain the highest 12 month gross dividend yields are Asian Pay Television Trust, China Merchants Holdings (Pacific), Hutchison Port Holdings Trust, Venture Corporation and M1.
  • These five stocks have a combined market capitalisation of S$14 billion, and averaged a 3.0% gain in price year-to-date. Their average 12 month gross dividend yield is 7.2%.
  • The table below details the 20 highest yielding stocks with more than $1 billion market capitalisation, sorted according to 12 month gross yield. Please note that Fraser & Neave is not included in the table as the distribution of S$0.42 in March 2014 was a return of capital.

Asian Pay Television TrustAsian Pay Television Trust operates as a cable TV system operator in Taiwan. The company provides basic cable TV and digital cable TV services; and value-added services, such as broadband Internet access and cable telephony services, as well as premium digital television programming to households and businesses.

Asian Pay Television Trust has a market capitalisation of S$1.3 billion and the stock generated the highest 12 month yield of 8.8%. On 6 Nov 2014, the company reported their revenue for the quarter ended 30 September, increased by 2.38% year-on-year to S$80.5 million (Click here to view more).

The stock went ex-dividend on 10 Dec 2014, distributing S$0.02 per share in dividends.

China Merchants Holdings (Pacific)
China Merchants Holdings (Pacific) Limited, an investment holding company, invests in and manages toll roads in the People’s Republic of China. The company operates through two segments, Toll Road Operations and Property Development.

China Merchants Holdings has a market capitalisation of S$1.0 billion and the stock generated a 12 month yield of 7.9%. On 6 Nov 2014, the company reported their net profit attributable to shareholders for the quarter ended 20 September 2014, increased by 45% year-on-year to HK$210.9 million (Click here to view more). 

The stock went ex-dividend on 16 Oct 2014, with an interim distribution of S$0.035 per share in dividends.

Hutchison Port Holdings Trust
Hutchison Port Holdings Trust, together with its subsidiaries, invests in, develops, operates, and manages deep-water container ports in Guangdong Province of China, Hong Kong, and Macau. The company owns interests in four deep-water container ports located in Kwai Tsing, Hong Kong and Shenzhen, China.

Hutchison Port Holdings Trust has a market capitalisation of S$6.4 billion and the stock generated a 12 month yield of 7.2%. On 27 Oct 2014, the company reported their operating profit for the quarter ended 30 September 2014, increased by 3.5% year-on-year to HK$1.2 billion (Click here to view more).

The stock went ex-dividend on 1 Aug 2014, distributing HKD$0.187 per share in dividends.

Venture Corporation
Venture Corporation Limited provides technology services, products, and solutions in Singapore, Asia-Pacific, and internationally. The company operates through three segments: Electronics Services Provider, Retail Store Solutions and Industrial, and Component Technology.

Venture Corporation has a market capitalisation of S$2.2 billion and the stock generated a 12 month yield of 6.3%. On 7 Nov 2014, the company reported their revenue for the quarter ended 30 September 2014, increased by 1.7% year-on-year to S$598.7 million (Click here to view more).

The stock went ex-dividend on 5 May 2014, distributing S$0.50 per share in dividends.

M1
M1 provides mobile and fixed communications services in Singapore. It offers a range of voice, data, and value-added services on 4G, 3G/high speed packet access, and 2G networks; and wireless broadband services.

M1 has a market capitalisation of S$3.4 billion and the stock generated a 12 month dividend yield of 5.7%. On 19 Jan 2015, the company reported their net profit for the quarter ended 31 December 2014, increased by 9.9% year-on-year to S$44.5 million (click here to view more). The company declared a dividend of S$0.119 on 19 January 2015, which will go ex-dividend on 17 April 2015.

Note that another common method of gauging dividend returns is to look at the indicative dividend yield. Note the yield is indicative and not guaranteed, this is because it is based on previous distributions. 

According to Bloomberg, indicated yield is calculated as the most recently announced net or gross dividend annualized based on the frequency of the dividend, divided by the current market price. If the security is paying an interim/final dividend, the two values are added together and divided by the current market price. 

The Real Estate Investment Trust (REIT) Sector currently maintains an indicative dividend yield of 6.4% as noted in the recent market update (clickhere). Source: My Gateway

Source: My Gateway
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