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

Be the First to Comment Read

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

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

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.


Image Source: ©2022 Kalkine Media ®

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


Image Source:
©2022 Kalkine Media ®

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).

 

Disclaimer

Speak your Mind

Featured Articles

Ad
kalkine logo

GET A FREE STOCK REPORT

Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK