About City Developments Limited (CDEVF) — Dividend Analysis 2026
City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 103 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls. With a proven track record of over 55 years in real estate development, investment and management, CDL has developed over 43,000 homes and owns over 18 million square feet of lettable floor area globally. Its diversified global land bank offers 4.1 million square feet of developable gross floor area. The Group's London-based hotel arm, Millennium & Copthorne Hotels (M&C), is one of the world's largest hotel chains, with over 145 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business and targets to achieve US$5 billion in Assets Under Management (AUM) by 2023.
Is CDEVF a good dividend investment in 2026?
CDEVF offers a 1.10% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of -4.3% is modest — investors should weigh current income against growth alternatives.
CDEVF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your CDEVF portfolio grows to $10.34M vs $10.24M without reinvestment. This is the compound interest effect in action.
CDEVF dividend growth history & forecast
CDEVF has grown its dividend by 0% over the last year and -4.3% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 1.10%.
Company generates negative FCF ($-2.4B) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.6B → +0.2B → +0.3B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 CDEVF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold CDEVF.
Gross yield
1.10%
Tax rate
15.00%
After-tax yield
0.94%
Real yield (−CPI)
-1.86%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
1.10%
-1.70%
$110 / yr
🇺🇸 US Taxable (15%) ✓
15%
0.94%
-1.86%
$94 / yr
🇺🇸 US Taxable (20%)
20%
0.88%
-1.92%
$88 / yr
🇬🇧 UK ISA
0%
1.10%
-1.70%
$110 / yr
🇬🇧 UK Taxable
8.75%
1.00%
-1.80%
$100 / yr
🇨🇦 TFSA
0%
1.10%
-1.70%
$110 / yr
🇨🇦 CA Taxable
25%
0.83%
-1.97%
$83 / yr
🇦🇺 Super (pension)
15%
0.94%
-1.86%
$94 / yr
🇦🇺 AU Taxable
30%
0.77%
-2.03%
$77 / yr
🇩🇪 DE Taxable
26.375%
0.81%
-1.99%
$81 / yr
🇫🇷 FR Taxable
30%
0.77%
-2.03%
$77 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 CDEVF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your CDEVF investment of $7.69/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$742.81
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1729.48
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in CDEVF for:
Shares needed
334,780
Capital required
$2,574,458
Monthly income
$2,000
Based on current dividend of $0.08/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 CDEVF Dividend Payment Schedule
CDEVF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.18 / payment
$0.72 / year after tax
100 shares
$1.79 / payment
$7.17 / year after tax
1,000 shares
$17.92 / payment
$71.69 / year after tax
📊 CDEVF vs Real Estate Benchmarks
How CDEVF compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▼-4.10% vs sectorBelow avg
CDEVF
1.10%
avg
5.20%
5Y Dividend CAGR▼-8.40% vs sectorBelow avg
CDEVF
-4.30%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
CDEVF
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for CDEVF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ CDEVF Insider Activity
No recent SEC filings reported in the last 90 days.
📅
Next Earnings Report: 2026-08-12(in 134 days)EPS estimate: $0.21
🔬
Financial Health Scores
Altman Z-Score
1.24
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
3/9
🔴 Weak fundamentals — dividend safety concern
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the CDEVF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →