(Aug 28): Integrated contract manufacturer Hi-P International will trade ex-dividend on Aug 28 for an interim dividend of 19 cents a share. Based on Hi-P’s Aug 21 closing price of $1.42, this translates into an attractive yield of 13.4% and gives Hi-P the highest yield among locally listed stocks with a market capitalisation of more than $1 billion.
However, Hi-P’s high yield is unlikely to last. The 19-cent interim dividend stands in contrast to previous payouts. The company paid dividends totalling 0.8 cent a share for FY2016 ended Dec 31 and 0.6 cent a share in FY2015.