Update : 26th July 2013.
The Share Transfer Books and Register of Members of the Company will be closed on 6 August 2013 for preparation of dividend warrants. Duly stamped and completed transfers received by our Share Transfer Office, Tricor Barbinder Share Registration Services, 80 Robinson Road #02-00 Singapore 068898, up to 5p.m. on 5 August 2013 will be registered to determine shareholders' entitlements to the special dividend. In respect of shares in securities accounts with The Central Depository (Pte) Limited ("CDP"), the said special dividend will be paid by the Company to CDP which will distribute the dividend to holders of the securities accounts.
Dividend Value : 0.18
Record Date : 05/08/2013
Date Paid/Payable : 16/08/2013
Source : SGX.
Have a good weekend.
The much awaited listing of the SPH(T39.SI) Reit is expected to happen by end of July. It's expected to offer a yield of 6%. SPH Shareholders will get a special dividend of 18cents from the capital raised with this IPO, this pushes the yield for this year closer to 10% this year. (24 cents regular plus 18 cents special dividend).
The stock has recovered from two weeks low of 4.12 to 4.32 at the open this morning on the back of this listing news.
Look at the 5 years performance when the stock offered 10% yield the last time in 2009 :)
http://finance.yahoo.com/q/bc?s=T39.SI&t=5y&l=on&z=l&q=l&c=
Disclaimer : I currently own the stock
Please find below the news article.
Source : Bloomberg
The Share Transfer Books and Register of Members of the Company will be closed on 6 August 2013 for preparation of dividend warrants. Duly stamped and completed transfers received by our Share Transfer Office, Tricor Barbinder Share Registration Services, 80 Robinson Road #02-00 Singapore 068898, up to 5p.m. on 5 August 2013 will be registered to determine shareholders' entitlements to the special dividend. In respect of shares in securities accounts with The Central Depository (Pte) Limited ("CDP"), the said special dividend will be paid by the Company to CDP which will distribute the dividend to holders of the securities accounts.
Dividend Value : 0.18
Record Date : 05/08/2013
Date Paid/Payable : 16/08/2013
Source : SGX.
Have a good weekend.
The much awaited listing of the SPH(T39.SI) Reit is expected to happen by end of July. It's expected to offer a yield of 6%. SPH Shareholders will get a special dividend of 18cents from the capital raised with this IPO, this pushes the yield for this year closer to 10% this year. (24 cents regular plus 18 cents special dividend).
The stock has recovered from two weeks low of 4.12 to 4.32 at the open this morning on the back of this listing news.
Look at the 5 years performance when the stock offered 10% yield the last time in 2009 :)
http://finance.yahoo.com/q/bc?s=T39.SI&t=5y&l=on&z=l&q=l&c=
Disclaimer : I currently own the stock
Please find below the news article.
Source : Bloomberg
Singapore Press Holdings Ltd. (SPH), the newspaper publisher that owns the Paragon mall along the city’s shopping belt, is seeking to raise as much as S$504 million ($394 million) in an initial stock sale of its retail assets.
The real estate investment trust is offering 559.9 million shares at between 85 Singapore cents to 90 Singapore cents, according to a preliminary prospectus filed today with the city-state’s regulator. The offer includes an allotment of 251 million units to cornerstone investors including Great Eastern Life Assurance Co. and Morgan Stanley Investment Management Co., according to the document.
SPH REIT plans to offer a yield of as much as 6 percent based on fiscal 2014 projections for the two malls, which have a combined value of S$3.07 billion, it said. Singapore Press said in May it will hold about 70 percent of the REIT after it goes public, and the proceeds will fund the group’s growth and a special dividend.
“The manager will take an active role in managing and enhancing SPH REIT’s properties,” SPH REIT said in the prospectus, adding that it will “assess acquisition opportunities in line with SPH REIT’s investment objective.”
There is an over-allotment option of 56 million units, it said.
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