SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to Issue Dividend Increase – $0.11 Per Share

Posted by MarketBeat News on Sep 21st, 2024

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) declared a dividend on Saturday, September 21st, investing.com reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.1134 per share on Tuesday, October 15th. This represents a yield of 6.81%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Stock Up 0.1 %

Shares of OTCMKTS:CWYUF opened at $20.00 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of 14.49 and a beta of 1.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. SmartCentres Real Estate Investment Trust has a 12-month low of $14.98 and a 12-month high of $20.23. The business has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $17.13.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.67% and a net margin of 34.42%. The business had revenue of $166.68 million during the quarter.

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Separately, Cibc World Mkts raised SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research report on Monday, August 12th.

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SmartCentres Real Estate Investment Trust Company Profile

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SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.