CapitaLand released its unaudited 2012 full year financial results today.
|Net Profit ($b)||$1.01||$2.75||$1.26||$1.05||$1.27||$1.05||$0.93|
|Ord div (cents)||7.0||8.0||5.5||5.5||6.0||6.0||7.0|
|Special div (cents)||5.0||7.0||1.5||5.0||0.0||2.0||0.0|
|Total div (cents)||12.0||15.0||7.0||10.5||6.0||8.0||7.0|
|Share price at y/e||$6.20||$5.90||$2.40||$3.86 *||$3.60||$2.21||$3.70|
* rights issue of 1 for 2 at start of FY2009
Net profit attributable to shareholders dropped below $1 billion mark for 2012. See table above.
Earnings per share continued to decline in 2012. It was 21.9 cents, lower by 2.9 cents from 2011.
Dividend proposed for 2012 is 7.0 cents. No special dividend was recommended. Total dividend is 1.0 cent less than 2011.
CapitaLand dividend policy is to declare at least 30% of annual profit after tax and non-controlling interests excluding unrealised revaluation gains or losses as well as impairment charges or write backs.
The share price as at end of 2012 jumped to $3.70 over a one-year period from a low of $2.21 in 2011. As a result, dividend yield based on year-end share prices declined significantly in 2012:
At this moment, share price declined 10 cents to $3.91 after the release of financial results this morning.
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