Charter Hall Long Wale REIT (ASX: CLW) - Dividend theme sets for Q1FY19

  • Sep 18, 2018 AEST
  • Team Kalkine
Charter Hall Long Wale REIT (ASX: CLW) - Dividend theme sets for Q1FY19

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.

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