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).
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