CapitaLand Investment Declares a Special Dividend: 5 Things to Note About the Group’s 2022 Earnings
1. Higher revenue and a better core net profit 2022’s revenue jumped by 25.4% year on year to S$2.9 billion, boosted by increased contributions from CLI’s fee income-related businesses (FRB) and real estate investment business (REIB). Net profit, however, tumbled by 36.2% year on year to S$861 million. The fall in net profit was caused by lower portfolio gains on divestments along with a sharp decline in revaluation gains and impairments. Stripping these one-off items out, CLI’s core net profit grew 22.5% year on year from S$497 million to S$609 million. 2. Growing its FUM and related earnings As of 31 December 2022, CLI’s FUM stood at S$88 billion, a slight S$2 billion increase from 2021’s S$86 billion. However, as of the year-to-date (YTD), CLI has accumulated an additional S$8 billion i
7 big dividend moves weekly: New York Times, MGM | Pro Recap
The New York Times Company (NYSE:NYT) hiked its dividend by 22% to $0.11 per share, or $0.44 annualized, for an annual yield of 1.1%. The dividend will be payable on April 20, 2023, to stockholders of record on April 5, 2023, with an ex-dividend date of April 4, 2023. The company also approved a new $250 million Class A share repurchase program. Following these announcements, as well as a strong Q4 beat, shares jumped more than 12% on Wednesday and closed the week with more than a 7% gain. Park Aerospace ups payout by 25%, declares special dividend Park Aerospace (NYSE:PKE) shares gained more than 7% on Friday after the company raised its regular quarterly dividend and declared a special dividend. The company hiked its dividend by 25% to $0.125 per share, or $0.5 annualized, for an annual
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