City Lodge Hotels Limited operates hotels in South Africa and internationally. The company operates hotels under the Courtyard, City Lodge, Fairview, Town Lodge, and Road Lodge brands. It operates 1 Fairview hotel with 127 rooms; 5 Courtyard hotels with 480 rooms; 21 City Lodge hotels with 3,600 rooms; 13 Town Lodge hotels with 1,591 rooms; and 23 Road Lodge hotels with 2,272 rooms. The company was founded in 1985 and is headquartered in Bryanston, South Africa.
City Lodge Hotels Dividend Announcement
• City Lodge Hotels announced a semi annually dividend of R9.00 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-25
• City Lodge Hotels annual dividend for 2024 was R15.00
• City Lodge Hotels annual dividend for 2023 was R13.00
• City Lodge Hotels's trailing twelve-month (TTM) dividend yield is 3.12%
• City Lodge Hotels's payout ratio for the trailing twelve months (TTM) is 49.30%
City Lodge Hotels Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-25 | R9.00 | semi annually | 2024-09-30 |
2024-03-13 | R6.00 | semi annually | |
2023-09-27 | R8.00 | semi annually | 2023-10-02 |
2023-03-15 | R5.00 | semi annually | 2023-03-20 |
2020-03-11 | R31.45 | semi annually | 2020-03-16 |
2019-09-04 | R28.16 | semi annually | 2019-09-09 |
2019-03-06 | R47.07 | semi annually | 2019-03-11 |
2018-09-05 | R41.31 | semi annually | 2018-09-10 |
2018-03-07 | R52.00 | semi annually | 2018-03-12 |
2016-09-07 | R50.97 | semi annually | |
2016-03-07 | R55.29 | semi annually | |
2015-09-07 | R47.27 | semi annually | |
2015-03-09 | R47.27 | semi annually | |
2014-09-08 | R38.84 | semi annually | |
2014-03-10 | R41.52 | semi annually | |
2013-09-09 | R35.97 | semi annually | |
2013-03-11 | R36.17 | semi annually | |
2012-09-10 | R27.34 | semi annually | |
2012-03-12 | R27.75 | semi annually | |
2011-09-12 | R21.37 | semi annually | |
2011-03-14 | R25.49 | semi annually | |
2010-09-13 | R36.38 | semi annually |
City Lodge Hotels Dividend per year
City Lodge Hotels Dividend growth
City Lodge Hotels Dividend Yield
City Lodge Hotels current trailing twelve-month (TTM) dividend yield is 3.12%. Interested in purchasing City Lodge Hotels stock? Use our calculator to estimate your expected dividend yield:
City Lodge Hotels Financial Ratios
City Lodge Hotels Dividend FAQ
Other factors to consider when evaluating City Lodge Hotels as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: City Lodge Hotels's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, City Lodge Hotels publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, City Lodge Hotels distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from City Lodge Hotels are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: City Lodge Hotels sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, City Lodge Hotels distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: City Lodge Hotels declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of City Lodge Hotels's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review City Lodge Hotels's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.