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Highlights
- Investors should keep in mind the "record date" and the "ex-dividend date".
- These dates determine whether or not investors will get dividends.
- Companies like Charter Hall Long WALE REIT are set to pay a dividend this month.
A company pays a dividend to a group of shareholders designated by its board of directors. If they own the shares before the ex-dividend date, common shareholders of dividend-paying firms are usually eligible.
Investors should keep in mind the "record date" or "date of record" as well as the "ex-dividend date" or "ex-date." These dates determine whether or not investors will get dividends.
Stock exchange rules determine the ex-dividend date once the corporation has established the record date. The ex-dividend date for equities is usually one business day before the record date. If a person buys a stock on or after the ex-dividend date, he/she will not receive the dividend payment. The dividend will be paid to the seller in that instance. Investors who purchase before the ex-dividend date will receive the dividend.
This article will discuss three REIT companies that are set to pay a dividend this month. This is to be noted that most real estate stocks ended red today. This might be because of the S&P/ASX 200 Real Estate Index, which closed 4.05% down today at 3,511.39. Moreover, A-REIT was the worst-performing sector today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX
Charter Hall Long WALE REIT (ASX:CLW)
Charter Hall Long WALE REIT is an Australia-based real estate investment trust (REIT). It invests in Australian real estate assets that are mostly leased to long-term business and government tenants.
On 22 March 2022, the company announced to pay a dividend of AU$0.076 per share. According to the ASX filing, the payment date of this dividend is 13 May 2022.
Stock performance: Shares of CLW closed 1.63% lower today at AU$4.83 each. Around 3.39 million shares of the company are traded on ASX on Monday (9 May 2022).
Dexus Industria REIT Unit (ASX:DXI)
Dexus, a REIT company, invests in income-generating industrial and business park properties around Australia. It has around 29 industrial, technology park, and business park assets in Sydney, Melbourne, Brisbane, and Adelaide.
On 17 March 2022, the company announced a dividend of AU$0.043 per share to its shareholders. The pay date for this dividend is 13 May 2022.
Stock performance: Shares of CLW closed 1.89% lower today at AU$3.11 each. Around 768K shares of the company are traded on ASX on Monday (9 May 2022).
Source: © Kwarkot | Megapixl.com
Homeco Daily Needs REIT (ASX:HDN)
HomeCo Daily Needs REIT is an ASX-listed Australian real estate investment trust with a mandate to invest in convenience-based properties in the target sub-sectors of neighbourhood retail, large format retail, and health and services.
Also Read: Here's why HomeCo Daily Needs REIT (ASX:HDN) is in the news today
The company aims to offer stable and rising payments to unitholders.
On 22 March 2022, Homeco announced to pay its dividend. The company will pay a dividend of AU$0.020 per share on 20 May 2022.
Stock performance: Shares of Homeco last exchanged hands at AU$1.29 apiece, down 2.64% on ASX today. The company's around 4.10 million shares were traded on the ASX on Monday (9 May 2022).
Also Read: VCX, GPT, DXS – 3 ASX REITs with dividend yield of over 4%
