Stockland (ASX:SGP) provided update for 3Q FY 2020 and response to coronavirus. Key highlights as follows.
- During January and February of this month, the business had a positive sales growth. However, in April, there was a material decline in net sales to 137 lots.
- As at 30 April 2020, contracts on hand were 3,853 and the available liquidity was nearly $1.6 billion.
- The Company offered its free space for the purpose of testing centres for coronavirus.
- SGP reconfirmed that its distribution guidance and funds from operations remains withdrawn with uncertain outlook, for the full year period to 30 June 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.