Shares & Derivatives
Can CapitaLand Investment Limited’s Dividend Increase in 2022?
By The Smart Investor  •  May 13, 2022
It’s been an interesting journey for the CapitaLand Group in the last two years. CapitaLand Limited had privatised its development arm and listed its investment arm as CapitaLand Investment Limited (SGX: 9CI), or CLI, last year. Then, CLI had reported a commendable performance for its maiden fiscal 2021 (FY2021) earnings report while declaring a final dividend of S$0.12 and a special dividend of S$0.03, taking the total FY2021 dividend to S$0.15. Yesterday, the property giant released its business update for fiscal 2022’s first quarter (1Q2022). From this report, we try to discern if the group can increase its dividends for 2022. A commendable performance CLI’s 1Q2022 financial performance was encouraging as it reported a 16% year on year growth in revenue to S$598 million. The firm’s fee-income related business (FRB) saw a 17% year on year increase to S$262 million, driven by its lodging and fund management divisions. This amount also includes a S$31 million performance fee recognised under other operating income....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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