Far East dividend yield calculator – Far East Holdings Bhd Declares 0.1 Cash Dividend

🌥️Dividends Yield

Far East ($KLSE:5029) Holdings Bhd has recently declared a 0.1 cash dividend, the announcement coming on June 1st, 2023. This follows the past three years where FAR EAST has issued annual dividends per share of 0.13, 0.13, and 0.1 MYR, resulting in an average dividend yield of 3.56%. For those investors looking for a dividend stock, FAR EAST should be taken into account. The ex-dividend date for this dividend is June 22nd, 2023.

The estimated dividend yields from 2021 to 2023 are 3.63%, 3.63%, and 3.42%, respectively. This opportunity can provide investors with a reliable source of income over the long term. It’s important to note that investing in stocks is always risky and due diligence should be done before committing any capital.

Market Price

Following the announcement, FAR EAST stock opened at RM3.7 and closed at RM3.8, down by 0.8% from the last closing price of 3.8. The company has not made any further comments on the decision to declare the dividend. This news follows the company’s recent announcement of its quarterly earnings, which showed strong growth. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Far East. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Far East. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Far East. More…

Key Ratios Snapshot

Some of the financial key ratios for Far East are shown below. More…

Analysis

GoodWhale recently conducted an analysis of FAR EAST‘s wellbeing, using the Star Chart framework. According to the results, FAR EAST is classified as a ‘rhino’, which suggests moderate revenue or earnings growth. As FAR EAST has a high health score of 10/10 considering its cashflows and debt, we can conclude that this company is in an excellent financial situation and is capable to pay off debt and fund future operations. What’s more, this company is especially strong in dividend and medium in asset, growth and profitability – all of which could prove appealing to specific types of investors. More…

Peers

Its competitors include Bumitama Agri Ltd, PT Fap Agri Tbk, and PT Provident Investasi Bersama Tbk. These companies are all involved in the production of palm oil and related products, providing a competitive environment for Far East Holdings Bhd.

– Bumitama Agri Ltd ($SGX:P8Z)

Bumitama Agri Ltd is a leading agribusiness company in Indonesia, specializing in cultivating and marketing palm oil. As of 2023 the company has a market cap of 945.11M, which is a result of its strong financial performance and reliable operations. Furthermore, Bumitama Agri Ltd has a Return on Equity of 24.03%, indicating that it has a very strong ability to generate profits from its shareholders’ investments.

– PT Fap Agri Tbk ($IDX:FAPA)

PT Fap Agri Tbk is one of the largest agricultural companies in Indonesia. With a market capitalization of 18.15T as of 2023, it is one of the most valuable companies in the country. Its Return on Equity (ROE) of 20.04% also indicates healthy financial performance and its ability to generate profits from its investments. The company specializes in producing feed and seed products for livestock and poultry, as well as horticultural products such as fruits and vegetables. It also provides agricultural services such as biotechnology, agronomy, and animal nutrition. The company has a wide presence across the country and is a major player in the Indonesian agricultural industry.

– PT Provident Investasi Bersama Tbk ($IDX:PALM)

PT Provident Investasi Bersama Tbk is an investment company that specializes in managing investments in Indonesia. The company has a market cap of 3.71T as of 2023, making it one of the largest companies in Indonesia. It also has a Return on Equity of -6.33%, which is lower than the industry average of 5.12%. This suggests that the company is underperforming relative to its peers and could benefit from further investments or improvements in its business operations.

Summary

Investing in FAR EAST can be a viable strategy for generating dividend income. For the past three years, the company has consistently paid out dividends of 0.13, 0.13, and 0.1 MYR per share, with an average dividend yield of 3.56%. Investors should note the upcoming ex-dividend date of June 22 2023.

By investing in FAR EAST, investors can benefit from the consistent cash flow and relatively attractive dividend yield. Given the company’s solid track record of dividends, it is worth considering as a potential investment.