HongKong Land reported its full year results and the dividends to be distributed last week. While it kept the same dividend amount, i.e. 22 cents/share, it actually suffered a net cash OUTflow of S$533 Mln (vs INflow of +US$508 Mln in 2020). It can afford to do so only because it has a lot of cash on their balance sheet – US$ 1.4 Bln to be exact. In 2021, it even started a share buyback program and had so far spent US$192 Mln. This has helped to push up the stock price to a new stable level at $5.00-5.50. However, there is no way it can sustain this forever if it doesn’t generate a positive cash flow soon. So, I am monitoring and may want to exit if I don’t see any turnaround in cash flow. Dividend Yield of My Portfolio Talking about dividend, HongKong Land was the last company in my portfolio to report results....