2 Dividend Stocks - CMW And TAH

  • Dec 19, 2018 AEDT
  • Team Kalkine
2 Dividend Stocks - CMW And TAH

Income investors are looking for stocks that can help derive good income and not just cheaper stocks. Thus, the dividends or dividend yield comes to play an important role. Dividends are the continuous stream of income for most of the value investors, generated when a stock makes profit. Two dividend stocks are discussed as follows.

CROMWELL PROPERTY GROUP (ASX: CMW) – The company revealed the successful completion of its 2 for 13 accelerated non-renounceable entitlement offer of stapled securities in Cromwell raising approximately $228 million exceeding the committed amount of $210 million announced to the market on Wednesday 28 November 2018. Generated by a long-dated portfolio of Australian commercial real estate assets, Cromwell maintains a strong and secure balance sheet and secure cash flows. These assets comprise 75% of their operating profit. The company reported a full-year, FY18, statutory profit of $204.1 million during the 2018 Financial Year. The underlying earnings were reflected by operating profit $156.8 million up 3.0% when compared with prior year result of $152.2 million. Driven in part by the successful IPO of the Cromwell European REIT in Singapore 12 months ago the total assets under management (AUM) increased by 14% to $11.5 billion. The stock price is down -0.99% at a market price of $1.000 due to the housing market crunch. However, the stock has a P/E of 9.280 and EPS of 0.109 which is attractive in comparison to the peer basket. The annual dividend yield of the stock is 7.98% for the year to date.  

TABCORP HOLDINGS LIMITED (ASX: TAH) – The company has released results for the half year period ending 31 December 2018 and the proposed interim dividend with ex-dividend date as 18 February 2019 and the record date for dividend as 19 February 2019. From synergies and business improvements, the company is on track to deliver in FY21 at least $130 million per annum of EBITDA. A key imperative for Tabcorp is achieving a strong and aligned performance and risk-aware culture. The company after getting impacted by significant items of $217 million, reported a statutory profit after tax of $28.7 million. Tabcorp refinanced the $1.8 billion bridge facility successfully during the year taken out to fund the Tatts combination. The company’s shareholders received dividends of 21 cps for the full year and fully franked with a final dividend of 10 cents per share. The stock price is up by 0.235% at a market price of $4.270 driven by positive financials. Also, the stock has a high P/E of 224.210 and EPS of 0.019 which impacts the future growth positively. The annual dividend yield of the stock is 4.93% for the year to date.


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