Li Ka-Shing’s Main Companies to Increase Dividend Payments
- CK Hutchison, CK Property say they’ll increasing payments
- Flagship CK Hutchison reports profit rose 6% last year
Billionaire Li Ka-shing.
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
Billionaire Li Ka-shing’s two main companies raised their dividend payments as Hong Kong’s richest man followed through on a pledge to shareholders after completing the biggest-ever reorganization of his business empire.
Li’s flagship CK Hutchison Holdings Ltd. said Wednesday it plans a payment, excluding interim dividends, of HK$1.95 a share from HK$1.85 a year earlier. Cheung Kong Property Holdings Ltd. agreed to increase the payout to HK$1.15 a share, though that missed analysts’ estimates by about 12 percent.