The payment of a dividend shows that the company is happy to reward shareholders and also implies that it has the sufficient financial strength to afford the payment.Investors can treat this additional payment as a bonus that comes on top of their regular dividends.
Here are four stocks that recently declared a special dividend that you can consider adding to your buy watchlist.City Developments Limited, or CDL, is a leading real estate developer with a strong portfolio of residential and investment properties across 104 locations in 29 countries and regions.Revenue climbed 23.5% year on year to S$1.47 billion while net profit hit S$1.1 billion, a sharp reversal from the S$32.1 million net loss a year ago.
In particular, the real estate segment recorded an exceptional gain of S$658.1 million from the disposal of shares in ARA Asset Management Limited. CLI presented a good set of financial numbers for fiscal 2021 , with revenue increasing 15.6% year on year and core net profit rising 12.2% year on year to S$497 million.