City Developments dividend yield – City Developments Ltd Declares 0.08 Cash Dividend
June 1, 2023
🌥️Dividends Yield
On May 25 2023, City Developments ($SGX:C09) Ltd declared a 0.08 cash dividend for the period of 2022-2023. The annual dividend per share was 0.2 SGD, yielding an average of 2.63%. This makes City Developments a great investment opportunity for those looking to invest in dividend stocks. The ex-dividend date is May 3 2023, so investors should make sure they purchase their shares before this date to receive the cash dividend. This dividend will be paid out to shareholders on May 3 2023, and should provide investors with a good opportunity to generate some income from their investments.
With the current yield of 2.63%, the dividend is also relatively generous for the size of City Developments. Investors should also take into account that the amount of the dividend may change depending on financial performance and other conditions. Nevertheless, with the current yield of 2.63%, City Developments is a worthy investment option for those seeking steady dividend income. As such, if you’re looking for dividend stocks, City Developments could be an attractive option.
Market Price
This marks a decrease of 0.3% from their last closing price of 6.8, indicating a slight decline in their performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for City Developments. More…
| Total Revenues | Net Income | Net Margin |
| 3.29k | 1.27k | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for City Developments. More…
| Operations | Investing | Financing |
| -125.51 | 779.97 | -290.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for City Developments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.98k | 13.42k | 10.18 |
Key Ratios Snapshot
Some of the financial key ratios for City Developments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | -28.2% | 63.7% |
| FCF Margin | ROE | ROA |
| -15.6% | 14.2% | 5.7% |
Analysis – City Developments Intrinsic Value Calculator
At GoodWhale, we have conducted an extensive analysis of City Developments Ltd (CITY DEVELOPMENTS). Our proprietary Valuation Line indicates that the intrinsic value of CITY DEVELOPMENTS shares is around SG$9.1. Currently, the stock is trading at SG$6.8, which reflects an undervaluation of 25.1%. The Valuation Line is a comprehensive tool we use to determine a company’s real worth, by taking into account balance sheet items, financial performance metrics, and equity market indicators. This enables us to estimate the value of CITY DEVELOPMENTS’s fundamental business operations. We believe our assessment of CITY DEVELOPMENTS’s intrinsic value provides investors with the information they need to make informed decisions about investing in the company. More…
Peers
The company is engaged in the development, ownership, and management of properties in Singapore and around the world. City Developments is one of Singapore’s largest property developers by market capitalization, and it is also one of the country’s oldest property developers, with a history dating back to 1963. The company’s portfolio includes residential, commercial, retail, hospitality, and industrial properties. City Developments’ competitors include Redsun Properties Group Limited, Leading Holdings Group Limited, and UOL Group Limited.
– Redsun Properties Group Ltd ($SEHK:01996)
Redsun Properties Group Ltd is a leading property development company in Hong Kong with a market cap of 1.37B as of 2022. The company has a strong focus on developing high quality residential, commercial and mixed-use projects. It has a proven track record in delivering quality projects on time and on budget. The company’s return on equity (ROE) is 11.22%.
– Leading Holdings Group Ltd ($SEHK:06999)
Leading Holdings Group Ltd is a Chinese conglomerate with a market cap of 248.52M as of 2022. The company has a Return on Equity of 10.6%. Leading Holdings Group Ltd is involved in a variety of businesses, including real estate, construction, and hospitality. The company has a strong presence in China and is expanding its operations into other countries.
– UOL Group Ltd ($SGX:U14)
UOL Group Ltd is a real estate investment holding company based in Singapore. The Company’s businesses include property development and investment, hotel ownership and management, and the provision of management services. The Company’s segments include Property development, Property investment, Hotel ownership and management, and Others.
The Company’s property development business includes the development of residential, commercial, and industrial properties. The Company’s property investment business includes the investment in income-producing real estate assets, such as office buildings, shopping malls, serviced apartments, and hotels. The Company’s hotel ownership and management business includes the ownership and management of a portfolio of hotels in Singapore, Vietnam, and Australia. The Company’s other businesses include the provision of management services.
Summary
CITY DEVELOPMENTS is an attractive option for dividend investors looking to maximize their returns. For the period 2022-2023, the company has issued an annual dividend of 0.2 SGD, yielding an average of 2.63%. As dividend yields are on the rise, this could be a great opportunity to invest in a stock that provides a steady and reliable return while taking into account the current market trends. This stock also offers capital appreciation potential over time and is worth considering as part of a balanced portfolio.
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