Real estate company Charter Hall Long Wale REIT today announced the dividend for the quarter ending 30 September 2018 for the financial year 2019. The Board of Directors have declared dividend of $0.064 per share, fully unfranked, for the three month ended 30 September 2018. This dividend is payable on 14 November 2018 to shareholders on registry on the record date of 28 September 2018. As usual, Ex-Date is decided to be one day prior to the record date, i.e. 27 September 2018.
In the past dividend performance, it has been seen that company’s annual dividend for the period ended December 2018 was $0.199 while for the calendar year ended December 2017 the dividend paid by the company was $0.227 per share.
This dividend declaration follows the acquisition announcement made by the company recently in this month. On 4 September 2018, the company announced the acquisition of $60 million with 15.7 years of weighted average life of expiry (WALE). It includes the purchase of $22.0 million Club Hotel and First Choice Liquor in Waterford, Brisbane which represents a portfolio yield of 5.7%. Along with this, CLW has also increased its interest in the LWIP portfolio from 45.0% to 49.9%. This represents an acquisition of additional 4.9% or $37.7 million equity stakes to $769 million in Long WALE Investment Partnership portfolio, representing WALE of 16.3 years and portfolio yield of 5.9%.
Charter Hall Long Wale REIT is a real estate company which makes investment in Australian real estate assets. It is based in Martin Place, Sydney, Australia. CLW has posted 3.9% annual growth in fiscal year 2018 delivering FY18 EPS of 26.4 cents. The group has witnessed the 100 per cent occupancy along with long portfolio WALE of 10.8 years.
With the announcement of quarterly yield to shareholders, the company has been spotted in green. CLW’s share price rebounded on ASX today, as it picked up 0.688% from yesterday’s hit of 0.683%. The stock is trading at $4.390 on 18 September 2018 (2:45 PM AEST). The performance of the stock has been changed by 2.22% over the past one year while the stock is currently trading at PE of 11.570 x with market capitalization of $1.01 billion.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
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.