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City Developments Limited: Announces Ordinary Dividend for Fiscal Year 2021

City Developments Limited announced ordinary dividend For Fiscal Year 2021, the Board is recommending a final ordinary dividend of 8.0 cents per share. Additionally, the Board is also proposing to reward shareholders with a special distribution in specie (Proposed Distribution) of 144,300,000 stapled CDL Hospitality Trusts (CDLHT) Units on a pro rata basis, estimated to be valued at 19.1 cents per share 1, the total distribution to shareholders is expected to be 31.1 cents per share for Fiscal Year 2021 (2020: 12.0 cents).

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