CTO dividend – CTO Realty Growth Announces 0.38 Cash Dividend for Investors

Dividends Yield

CTO ($NYSE:CTO) Realty Growth Inc. recently announced a 0.38 USD cash dividend per share to be paid on March 1 2023, representing a 7.16% dividend yield. The ex-dividend date for this dividend is March 8 2023 and investors should take note of this date to ensure eligibility for the dividend payout. This 0.38 USD cash dividend per share further strengthens their commitment to investors and provides a great opportunity to add a reliable dividend stock to your portfolio.

Share Price

This is the latest dividend to be issued by the real estate and development company, which has been steadily increasing its stock value over the past few months. The company’s stock opened at $17.5 and closed at $17.6, indicating that investors are continuing to show confidence in CTO’s future prospects. With this dividend, shareholders will receive a payment of 0.38 per share. This comes as good news for investors, who have been able to capitalize on CTO’s strong growth performance and are expecting the company to continue expanding their business in the future. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – CTO Stock Fair Value

We at GoodWhale have performed an analysis of CTO REALTY GROWTH’s wellbeing to determine the intrinsic value of its share. After assessing factors such as the company’s future potential and its current financial state, we can conclude that CTO REALTY GROWTH’s intrinsic value is approximately $25.8 according to our proprietary Valuation Line. In comparison, the stock is currently being traded at a price of $17.6, which is undervalued by 31.8%. More…

Peers

The company’s competitors include Postal Realty Trust Inc, Axis Real Estate Investment Trust, Keppel Pacific Oak US REIT.

– Postal Realty Trust Inc ($NYSE:PSTL)

Postal Realty Trust Inc is a publicly traded real estate investment trust that owns and manages properties leased to the United States Postal Service. As of December 31, 2020, the company owned and managed 1,435 properties leased to the USPS.

– Axis Real Estate Investment Trust ($KLSE:5106)

As of 2022, Axis Real Estate Investment Trust has a market cap of 3.07B. The company is a real estate investment trust that focuses on owning and operating income-producing real estate properties in the United States. The company’s portfolio includes office, retail, industrial, and hotel properties.

– Keppel Pacific Oak US REIT ($SGX:CMOU)

Keppel Pacific Oak US REIT is a publicly traded real estate investment trust that owns and operates a portfolio of industrial properties in the United States. The company’s market cap is 569.23M as of 2022. Keppel Pacific Oak US REIT’s portfolio consists of properties in major industrial markets across the United States, including Los Angeles, Chicago, Dallas, Atlanta, and Miami.

Summary

CTO Realty Growth is an attractive investment opportunity for dividend seekers due to its consistently high dividend yield of 7.16% over the past three years. Shares of CTO Realty Growth have steadily paid out dividends since 2021, offering investors a reliable and steady income stream. Investors should examine the company’s financials, including its balance sheet and cash flow statements, to ensure the company can maintain its high dividend yield over the long-term. Furthermore, investors should consider other factors such as the company’s competitive position and future growth prospects when making an investment decision.