Kowloon Development stock dividend – Kowloon Development Co Ltd Announces Cash Dividend of 0.57

🌥️Dividends Yield

KOWLOON DEVELOPMENT ($SEHK:00034) Co Ltd has recently announced a cash dividend of 0.57 HKD per share, payable on June 1 2023. This marks the 4th consecutive year that the company has issued a dividend, with a steadily increasing yield of 8.29%. This makes KOWLOON DEVELOPMENT an attractive option for investors who are interested in dividend stocks. The ex-dividend date for this dividend is June 15 2023. This means that investors should purchase the stock prior to that date in order to be eligible for the dividend payout.

After the ex-dividend date, the stock’s market price will typically decline as the dividends are paid out. KOWLOON DEVELOPMENT is an established company with a solid history of dividend payments. Investors looking for reliable, consistent dividend payouts may want to consider investing in this company. With its current dividend yield of 8.29%, KOWLOON DEVELOPMENT may be an attractive option for those seeking a steady income stream from their investments.

Share Price

The stock opened at HK$8.6 and closed at the same figure, up 1.1% from the prior closing price of 8.5. The dividend will be distributed through an electronic transfer to bank accounts provided by shareholders at the time of registration. The move is expected to boost investor sentiment in KOWLOON DEVELOPMENT and increase its stock value in the near future. Investors are encouraged to monitor the company’s performance for further updates. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kowloon Development. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kowloon Development. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kowloon Development. More…

Key Ratios Snapshot

Some of the financial key ratios for Kowloon Development are shown below. More…

Analysis – Kowloon Development Stock Intrinsic Value

At GoodWhale, we have conducted an analysis of KOWLOON DEVELOPMENT‘s financials. According to our proprietary Valuation Line, the fair value of KOWLOON DEVELOPMENT share is around HK$14.8. This indicates that KOWLOON DEVELOPMENT stock is currently undervalued by 42.1%, with the stock being traded at HK$8.6. More…

Peers

Kowloon Development Co Ltd is one of the leading property developers in Hong Kong. The company’s main competitors are Sansheng Holdings (Group) Co Ltd, Chinney Investments Ltd, Weiye Holdings Ltd.

– Sansheng Holdings (Group) Co Ltd ($SEHK:00216)

Chinney Investments Ltd is a publicly traded company with a market cap of 606.5 million as of 2022. The company has a return on equity of 3.03%. Chinney Investments Ltd is a diversified holding company with interests in real estate, hospitality, and other businesses.

– Chinney Investments Ltd ($SEHK:01570)

Weiye Holdings Ltd is a holding company that operates in the following businesses: property development and investment, property management, hotel operation, and provision of financial services. The Company’s segments include Property Development, Property Investment, Hotel Operation, and Financial Services.

Summary

KOWLOON DEVELOPMENT is an attractive option for investors looking for dividend stocks. Over the past 3 years, the company has issued a dividend of 0.83 HKD per share, resulting in an average yield of 8.29%. This rate of return is higher than most other comparable dividend stocks in the market, making KOWLOON DEVELOPMENT a viable investment opportunity. With its strong dividend yields and long history of stable returns, KOWLOON DEVELOPMENT is a great choice for those looking to invest in a reliable and profitable dividend stock.