SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) to Issue Dividend of $0.11

Posted by Don Miller on Jul 29th, 2024

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) announced a dividend on Saturday, July 20th, investing.com reports. Stockholders of record on Thursday, August 1st will be given a dividend of 0.1125 per share on Thursday, August 15th. This represents a dividend yield of 7.84%. The ex-dividend date is Wednesday, July 31st. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11.

SmartCentres Real Estate Investment Trust Stock Down 0.3 %

SmartCentres Real Estate Investment Trust stock opened at $17.53 on Monday. The company has a market capitalization of $3.12 billion, a PE ratio of 10.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.32 and a current ratio of 0.32. SmartCentres Real Estate Investment Trust has a fifty-two week low of $14.98 and a fifty-two week high of $19.20. The firm has a 50 day moving average price of $16.57 and a 200 day moving average price of $17.04.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $161.15 million for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 5.31% and a net margin of 40.05%.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded SmartCentres Real Estate Investment Trust to a “hold” rating in a research note on Friday, May 17th.

Check Out Our Latest Report on CWYUF

About SmartCentres Real Estate Investment Trust

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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.