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As AEM’s turnaround strengthens, can company raise its dividends?

Sharanya Pillai
Sharanya Pillai10/2/2017 08:00 AM GMT+08  • 4 min read
As AEM’s turnaround strengthens, can company raise its dividends?
(Oct 2): After four years of restructuring, manufacturing services provider AEM Holdings is seeing brighter days. The company saw a more than sixfold increase in earnings y-o-y for 2QFY2017 ended June 30, to $8.2 million, on the back of a 264.4% increase
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(Oct 2): After four years of restructuring, manufacturing services provider AEM Holdings is seeing brighter days. The company saw a more than sixfold increase in earnings y-o-y for 2QFY2017 ended June 30, to $8.2 million, on the back of a 264.4% increase in revenue to $62.3 million. It will be paying out a dividend of 2.5 cents a share to shareholders. The counter goes ex-dividend on Oct 4, and the dividend will be paid out on Oct 20.

Based on its Sept 26 closing price of $2.41, AEM’s interim dividend will deliver a yield of 1%. For 4QFY2016, AEM had paid a final dividend of 1.3 cents a share. On a trailing 12-month basis, the stock therefore has a yield of 1.6%.

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