PEC Ltd. (SGX:IX2) Passed Our Checks, And It's About To Pay A S$0.035 Dividend

Simply Wall St.

04 Nov 2024

PEC Ltd. (SGX:IX2) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's ...

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(SGX:IX2) Passed Our Checks, And It's About To Pay A S$0.035 Dividend","media":"Simply Wall St.","content":"<html><body><div>\n<p>PEC Ltd. (SGX:IX2) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's ...</p>\n<a href=\"https://finance.yahoo.com/news/pec-ltd-sgx-ix2-passed-005750873.html\">Source Link</a>\n</div>\n</body></html>","source":"yahoofinance_sg","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>PEC Ltd. 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(SGX:IX2) Passed Our Checks, And It's About To Pay A S$0.035 Dividend\n</h2>\n<h4 class=\"meta\">\n\n\n2024-11-04 08:57 GMT+8   <a href=\"https://finance.yahoo.com/news/pec-ltd-sgx-ix2-passed-005750873.html\"><strong>Simply Wall St.</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>PEC Ltd. (SGX:IX2) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's ...</p>\n<a href=\"https://finance.yahoo.com/news/pec-ltd-sgx-ix2-passed-005750873.html\">Source Link</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IX2.SI","symbol_name":"PEC集团","start_time":0,"source_url":"https://finance.yahoo.com/news/pec-ltd-sgx-ix2-passed-005750873.html","article_id":"2480312633","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/n4P4inB0rRJrLC1wDK2ibA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/9387484536d295ac2492be4d631ec660"],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/pec-ltd-sgx-ix2-passed-005750873.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2480312633","pubTimestamp":1730681870,"columns":[],"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"PEC Ltd.  stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase PEC's shares before the 8th of November in order to receive the dividend, which the company will pay on the 25th of November.The company's next dividend payment will be S$0.035 per share. Last year, in total, the company distributed S$0.02 to shareholders. Calculating the last year's worth of payments shows that PEC has a trailing yield of 3.1% on the current share price of S$0.65. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether PEC ca","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IX2.SI":"PEC集团","BK6045":"建筑与工程","BK6522":"化石燃料股"},"translate_title":"PEC Ltd.(SGX：IX2)通过了我们的检查，即将支付0.035新元的股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IX2.SI":0.9},"content_text":"PEC Ltd. (SGX:IX2) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase PEC's shares before the 8th of November in order to receive the dividend, which the company will pay on the 25th of November. \n The company's next dividend payment will be S$0.035 per share. Last year, in total, the company distributed S$0.02 to shareholders. Calculating the last year's worth of payments shows that PEC has a trailing yield of 3.1% on the current share price of S$0.65. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether PEC can afford its dividend, and if the dividend could grow. \n View our latest analysis for PEC \n Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. PEC paid out a comfortable 32% of its profit last year. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. What's good is that dividends were well covered by free cash flow, with the company paying out 16% of its cash flow last year. \n It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. \n Click here to see how much of its profit PEC paid out over the last 12 months. \n\n\n\n  SGX:IX2 Historic Dividend November 4th 2024\n \n\nHave Earnings And Dividends Been Growing?\n Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Fortunately for readers, PEC's earnings per share have been growing at 14% a year for the past five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. Fast-growing businesses that are reinvesting heavily are enticing from a dividend perspective, especially since they can often increase the payout ratio later. \n The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. PEC's dividend payments are effectively flat on where they were 10 years ago. \n The Bottom Line \n From a dividend perspective, should investors buy or avoid PEC? It's great that PEC is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. It's disappointing to see the dividend has been cut at least once in the past, but as things stand now, the low payout ratio suggests a conservative approach to dividends, which we like. PEC looks solid on this analysis overall, and we'd definitely consider investigating it more closely. \n So while PEC looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example, we've found 1 warning sign for PEC that we recommend you consider before investing in the business. \n If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}