3 Quick Facts About City Developments Limited

CDL logo City Developments Limited (SGX: C09), a local-listed international property and hotel conglomerate, has been property pioneer in Singapore since 1963. Let’s take a look at 3 facts about the company.

1. CDL is one of Singapore’s biggest landlords. It owns over 7.8 million square feet lettable area of office, industrial, retail, residential and hotel space locally and globally. 

2. CDL possesses one of the largest land banks amongst private developers in Singapore, with over 3.2 million square feet that has the vast potential of being dev eloped into over 9.3 million square feet of gross floor area.  

3. For the first half-year of 2013, a special interim dividend of 8.0 Singapore cents per share was declared. This represents a payout ratio of 21.7% of earnings per share of 36.8 cents. CDL went ex-dividend on 13 th August 2013 and the dividends will be credited to shareholders’ accounts on 5 th September 2013.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.