Of about sixty stocks going ex-dividend now till end-2008, more than one-third are trading at dividend yields of 5% or more.
K1 Ventures tops the list with a yield of 32.7%, based on the last close price at 24.5 cents.
Only two out of the 21 stocks with dividend yields over 5% and going ex are showing price appreciation year-to-date.
K1 Ventures is one. The other is kitchen and sanitary equipment dealer Sim Siang Choon.
When K1, an investment company, announced on 20 Aug that it would pay a final tax-exempt dividend of 5 cents per share for the year ended 30 Jun 2008, its stock price jumped 14% overnight from 21 cents to 24 cents.
An interim 3-cent dividend was paid in March this year.
Excluding its Hawaiian retail gasoline business disposed of last August, about two-thirds of FY08 revenue came from its North American rail equipment leasing business.
Profit before tax was up four-fold year-on-year at S$136.5 million, largely due to gains from sale of investments.
K1 Ventures also has investments in various businesses ranging from oil & gas exploration, health and wellness to education.
There is currently no analyst coverage of the company, which is 36% held by Keppel Corp.
|Div ex date||Operating cash per share (S$)||Historic PE||% YTD price change||Stock price S$||Div yield|
|JURONG TECH IND||10-Sep-2008||-0.1000||3.3||-42.5||0.25||8.0%|
|SIM SIANG CHOON||10-Sep-2008||0.0200||3.1||12.7||0.31||5.5%|
|POH TIONG CHOON||15-Sep-2008||0.0700||5.9||-13.3||0.195||7.7%|
|COMBINE WILL INT||18-Sep-2008||0.0037||1.8||-||0.135||7.4%|
|SIN GHEE HUAT||22-Oct-2008||0.0500||5.4||-25.6||0.335||5.4%|
|K1 VENTURES LTD||5-Nov-2008||0.0000||7.4||8.9||0.245||32.7%|
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