From CWP to CMW: ASX real estate stocks forking out decent dividends

2 min read | July 06, 2022 12:03 PM AEST | By Aditi Sarkar

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From CWP to CMW: ASX real estate stocks forking out decent dividends — Image source: © Kiosea39 | Megapixl.com

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Highlights

Well-established and stable companies are known to fork out dividends

Cedar Woods, Centuria Office and Cromwell Property are some ASX real estate stocks that pay out decent dividend to shareholders.

A dividend is a form of reward that a company offers as cash, stock, or in other forms to its shareholders. Dividend stocks are firms that are known for offering regular dividends. These are generally well-established companies with a track record of delivering earnings back to shareholders.

Important dates in dividends

Dates associated with dividends are important for determining which shareholders are eligible to receive dividends.

In this article, we will discuss three stocks from ASX real estate sector that have a good annual yield of dividend.

Cedar Woods Properties Ltd (ASX:CWP)

Cedar Woods develops residential communities and commercial developments. The company’s products range from land subdivisions, apartments, and townhouses.

In the March quarter 2022, the company reported record presales, representing a 40% growth compared to the previous corresponding period (pcp).

Shares of CWP were last trading at AU$3.830 (as on 06 July at 10:30 AM AEST). Its annual dividend yield is 6.91%.

Centuria Office REIT (ASX:COF)

Centuria Office offers an opportunity for investment in commercial property by way of a real estate investment trust. COF has a geologically varied portfolio of 23 high-quality assets worth AU$2.3 billion.

In the quarter ended 31 March 2022, COF inked agreements to sell 131 Grenfell Street, Adelaide, SA for AU$20.9 million.

COF’s annual dividend yield is 9.67%. Shares of the company are trading at AU$1.725 today (as on 06 July at 10:30 AM AEST).

Cromwell Property Group (ASX:CMW)

Cromwell Property Group is a fund manager and also invests in real estate. It has operations in 14 nations across Europe, Australia, and New Zealand.

In the half-year ended 31 December 2021, Cromwell reported a statutory profit of AU$132.5 million and an operating profit of AU$96.4 million.

CMW’s annual dividend yield is 8.38%. At the time of writing this article, shares of the company were trading at AU$0.770 (06 July, 10:30 AM AEST).

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