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Cromwell Propertyâs (ASX:CMW) stock slipped by 3.043% to $1.115 as company posted decline in profit to $204.1 million from $277.5 million in prior year.
Groupâs operating profit for FY18 rose 3% to $156.8 million on the back of funds management contribution which was ahead its pervious target.
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CEO Mr Weightman highlighted groupâs new âInvest to Manageâ strategy which is expected to open new doors to growth initiatives. While net tangible assets per unit was up $0.07, gearing remains at bottom of target range to 37%.
For period ended 30 June 2018, the company declared distribution of 8.34 cents per security, equivalent to the prior year, but reflecting the increased payout ratio of 100.2%.
On FY19 outlook company expects operating profit of 8 cents per share or more and distribution is expected to be at or above 7.25 cents per share.
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 companyâs 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. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
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