First Resources stock dividend – FIRST RESOURCES Ltd Declares 0.12 Cash Dividend
May 27, 2023
Dividends Yield
On May 25th 2023, FIRST RESOURCES ($SGX:EB5) Ltd declared a 0.12 cash dividend. This is an increase from the 0.05 USD annual dividend per share it has been paying for the preceding three years, resulting in a yield of 4.51% over this period. If you are an investor looking for dividend stocks, FIRST RESOURCES could be an option to consider. The ex-dividend date for the upcoming dividend is May 8 2023, meaning investors must own the shares before this day in order to receive the dividend. Given its strong dividend yield history, FIRST RESOURCES is likely to remain a popular choice among investors seeking regular income from dividend stocks.
However, investors should also consider other factors such as the company’s financial condition and revenue prospects before making any investment decisions.
Market Price
This was announced during the trading day, when FIRST stock opened at SG$1.5 and closed at SG$1.5, up by 0.7% from the previous closing price. The Board of Directors of FIRST has placed an emphasis on providing returns to shareholders, and this dividend is the latest in a series of returns that have been made to shareholders over the years. FIRST has a track record of delivering strong returns with a sustained increase in dividend payments over the years, and this dividend is expected to continue that trend. FIRST has consistently provided a steady stream of revenue due to its diversified portfolio of resource assets, and this dividend is another indication of the company’s commitment to providing strong returns for its shareholders.
The dividend payment will be paid out of the company’s profits and shareholders will be able to benefit from this with increased returns in their portfolio. This announcement is sure to be welcomed by shareholders, and the market responded positively to the news with the price of FIRST stock increasing by 0.7% on the same day. As FIRST continues to deliver strong returns for its shareholders, it will remain an attractive investment option for investors looking to add value to their portfolios. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for First Resources. More…
| Total Revenues | Net Income | Net Margin |
| 1.23k | 325.2 | 26.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for First Resources. More…
| Operations | Investing | Financing |
| 326.16 | -51.98 | -217.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for First Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.83k | 433.81 | 0.83 |
Key Ratios Snapshot
Some of the financial key ratios for First Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.8% | 43.1% | 35.7% |
| FCF Margin | ROE | ROA |
| 20.2% | 21.5% | 14.9% |
Analysis
At GoodWhale, we recently conducted an analysis of FIRST RESOURCES’s financials. The results of our Risk Rating demonstrated that FIRST RESOURCES is a low risk investment in terms of financial and business aspects. However, during our analysis we detected two risk warnings in the income statement and balance sheet. To access this more detailed information, you must become a registered user on our website. Once registered, you can see exactly where these risks are located, and how they might affect your decision to invest. More…
Peers
The competition between First Resources Ltd and its competitors in the palm oil industry is intense. These companies include PT Mahkota Group Tbk, PT Salim Ivomas Pratama Tbk, and Teck Guan Perdana Bhd. All of these companies are vying for a share of the market and are constantly innovating to gain an edge over their competition.
– PT Mahkota Group Tbk ($IDX:MGRO)
PT Mahkota Group Tbk is an Indonesian conglomerate with interests in consumer products, real estate and construction, media, and finance. With a market cap of 2.82 trillion rupiah as of 2023, the company is one of the largest in Indonesia. Additionally, the company has a Return on Equity (ROE) of 9.48%, which is a measure of profitability that indicates how much profit the company generates relative to its shareholders’ equity. This higher-than-average ROE suggests that PT Mahkota Group Tbk is a successful company.
– PT Salim Ivomas Pratama Tbk ($IDX:SIMP)
PT Salim Ivomas Pratama Tbk is a publicly traded Indonesian food and beverage company that produces and distributes a broad range of products, from food and beverages to pharmaceuticals and chemicals. Its market cap of 6.39T as of 2023 reflects its position as a leader in the industry, which is further evidenced by its Return on Equity (ROE) of 12.4%. This high ROE is indicative of the company’s ability to generate returns for its shareholders, making it an attractive option for investors.
– Teck Guan Perdana Bhd ($KLSE:7439)
Teck Guan Perdana Bhd is a Malaysian-based company that operates in the oil and gas industry. It has a market capitalization of 72.98 million as of 2023, which indicates the company’s current value and the confidence that investors have in it. Its Return on Equity (ROE) of 42.36% indicates its overall financial performance and indicates that the company is generating good returns on its investments. The company is well-positioned to benefit from Malaysia’s growing oil and gas industry and capitalize on its potential for growth.
Summary
FIRST RESOURCES is a good option for investors looking for dividend stocks. Over the past three years, the company has consistently paid an annual dividend per share of 0.05 USD, giving a yield of 4.51% for the 2022 to 2023 period. FIRST RESOURCES could be an attractive choice for those seeking a steady income stream with a secure return. Investors should analyze the company’s financials, strategy, and competitive position carefully before investing.
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