Good news for all fellow Keppel Corp shareholders! Keppel Corp will be giving out a special dividend in-specie of Keppel Reit ("KREIT") units to mark the group's 55th anniversary. For every five Keppel shares held, shareholders will receive one free Huat Gui (KREIT) which is trading at around S$0.895 per unit as at 28 July 2023 morning. There is also the usual interim cash dividend of S$0.15 per share being declared for 1H FY2023.
Hey Blade! Was pleasantly surprised when they announced this DIS. Personally, I'll be keeping my Keppel REIT shares, they're a nice bonus. If we peel away the recent layer of hype due to the DIS, we can see that although overall net profit excluding the KOM sale is down from the same period last year, it is mainly attributed to the performance being dragged down by Keppel Land's China properties. Yet, other segment's performances largely improved. This goes to show that not only can Keppel be touted as a China recovery play, its' other businesses are also growing without the need for china. Growing recurring income may let us see higher, stable dividends in the near future.
ReplyDeleteHi PL, so good to hear from you! How’s your vocation training thus far man?
DeleteI do hope that Keppel Corp can deliver its strategic objective to grow its recurring income. Then we can all enjoy the higher and stable dividends.:)
Hi Blade! Vocational training has been tough, my health has not been too good as of late so hopefully things get better!
DeleteKeppel should benefit from a stronger economy and incur less interest costs should interest rates lower...
Take care PL! Health is wealth. Wishing you good health always ya!
DeleteIn a rising interest rate environment, not only does KC not need to raise funds, it is instead recycling capital. Huge confident boost.
ReplyDeleteBetting that it will be another SCI.
Hi Mate, wow....if KC indeed perform like SembCorp Industries....then I will be buying more giant Huat Gui to eat for breakfast. :)
Delete