Hour Glass dividend – Hour Glass Confirms SGD0.02 Dividend for Investors
November 25, 2023
🌥️Trending News
The Hour Glass ($SGX:AGS), a listed company on the Singapore Stock Exchange, has recently announced a dividend of SGD0.02 per share for its investors. With its strong presence in Singapore, Malaysia, Hong Kong and Australia, Hour Glass has grown to become one of the most respected watch retailers in the world. Investors can expect to continue receiving dividends from this stable and reliable company.
Dividends – Hour Glass dividend
It has been confirmed that HOUR GLASS will issue a dividend of SGD 0.02 per share for its investors. This dividend follows the same pattern of the last 3 years, where the company has issued annual dividend of 0.08, 0.08 and 0.06 SGD respectively. Investors can expect consistent dividend yields from 2022 to 2024, which are 3.94%, 3.86% and 4.04% respectively; averaging out at 3.95%. This makes HOUR GLASS an attractive option for those considering investing in dividend stocks.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hour Glass. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | 164.82 | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hour Glass. More…
| Operations | Investing | Financing |
| 135.92 | -20.01 | -119.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hour Glass. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 243.41 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for Hour Glass are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.6% | 35.6% | 19.3% |
| FCF Margin | ROE | ROA |
| 10.9% | 17.3% | 12.9% |
Share Price
On Thursday, HOUR GLASS, a leading watch retailer, confirmed that it will be paying a dividend of SGD0.02 per share to its investors. This announcement was well received by the stock market, as the stock opened at SG$1.6 and closed at the same price – up 3.1% from the previous closing price. This marks a positive move for the company, as investors are being rewarded with dividends. This is also expected to attract more investors in the near future. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of HOUR GLASS, and our Star Chart shows that the company is strong in asset, dividend, growth, and profitability. This translates to the company having a high health score of 10/10, indicating that its cashflows and debt are strong and it is capable to safely ride out any crisis without the risk of bankruptcy. Further, we classify HOUR GLASS as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This makes it an attractive opportunity for investors who are looking for steady, long-term growth and income. Such investors may be willing to invest in HOUR GLASS, knowing that it is well-equipped to ride out market volatility and economic downturns. More…
Peers
The Hour Glass Ltd is in fierce competition with its competitors, Asian Star Co Ltd, Stamford Tyres Corp Ltd, and Guess? Inc. All four companies strive to be the leader in their respective industries, offering unique products and services to their customers. As a result, they are constantly innovating, developing new strategies, and making adjustments to stay ahead of the competition.
– Asian Star Co Ltd ($BSE:531847)
Asian Star Co Ltd is a large-scale international conglomerate with a market capitalization of 11.86B as of 2022. The company operates in a number of industries, including technology, finance, and real estate. The company has achieved strong financial performance, with a return on equity of 5.77%, indicating a high degree of profitability. The company’s success can be attributed to its focus on innovation, capitalizing on technology and digital disruption. Asian Star Co Ltd has been able to successfully capitalize on the global economy and has grown to become one of the largest companies in the world.
– Stamford Tyres Corp Ltd ($SGX:S29)
Stamford Tyres Corp Ltd is a leading provider of tyres, wheels, and automotive accessories. The company has a market cap of 44.39M as of 2022, indicating a strong presence in the industry. Stamford Tyres Corp Ltd also boasts a Return on Equity of 6.75%, which demonstrates the company’s ability to effectively utilize its equity to generate profits. The company has been successful due to its dedication to providing quality products and services to customers. Stamford Tyres Corp Ltd is a reliable and trusted partner for those seeking reliable automotive products and services.
– Guess? Inc ($NYSE:GES)
Guess? Inc is a lifestyle fashion company that designs, markets, and distributes apparel and accessories for men, women, and children. As of 2022, the company has a market cap of 1.07B, which is an indication of the brand’s strong financial standing. Guess? Inc also boasts a high return on equity (ROE) of 32.06%, indicating that the company is making the most of its available resources and increasing shareholder value.
Summary
Investing in Hour Glass can be a profitable venture due to the company’s consistent dividend declarations. The most recent dividend payment of SGD0.02 affirmed the company’s commitment to rewarding investors through regular dividend payments. Moreover, the stock price of Hour Glass moved up the same day that the dividend was announced, indicating that investors are optimistic about the company’s future prospects.
This is further supported by the company’s strong financials, as evidenced by its healthy balance sheet and consistent profitability. As such, investors should continue to monitor Hour Glass for potential opportunities in the future.
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