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

Posted by Andrew Walz on Sep 23rd, 2024

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) announced a dividend on Saturday, September 21st, investing.com reports. Shareholders 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 boost from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Stock Performance

CWYUF stock opened at $20.00 on Monday. The company has a 50-day simple moving average of $18.17 and a 200 day simple moving average of $17.13. The company has a market capitalization 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 fifty-two week low of $14.98 and a fifty-two week high of $20.23.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last issued its quarterly 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 firm had revenue of $166.68 million during the quarter.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on CWYUF

About SmartCentres Real Estate Investment Trust

(Get Free Report)

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.