4 ASX real estate shares going ex-dividend this week

A number of ASX real estate shares will be going ex-dividend this week. Let’s take a closer look at their yields.
The post 4 ASX real estate shares going ex-dividend this week appeared first on The Motley Fool Australia. –

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A number of ASX shares in the real estate sector will be going ex-dividend this week.

This means that investors must own or buy the shares before the ex-dividend date to be eligible for its next dividend payment. Here are the shares going ex-dividend to keep an eye on.

Cedar Woods Properties Limited (ASX: CWP) 

Cedar Woods is a diversified property development company involved in emerging residential communities, medium to high-density apartments and townhouses in inner-city neighbourhoods. 

The company has a long history of stable earnings and dividends, with 2020 being the one exception. Its first half FY21 results highlight a significant rebound in earnings with total revenue up 31% to $169.2 million and net profit after tax surging 120% to $22.4 million.

The company declared a 13 cent interim dividend in the results announcement, which will be going ex-dividend on 29 March. This represents a yield of approximately 1.80%. 

APN Convenience Retail REIT (ASX: AQR)

APN Convenience Retail owns a portfolio of 80 service station and convenience retail assets across Australia.

The company’s objective is to provide investors with an attractive, defensive and growing income stream. Last year, the company paid quarterly dividends amounting to 22 cents or a yield of approximately 6.40%.

Similarly, the has issued its first interim dividend for the year of 5.5 cents which will be going ex-dividend on 30 March. If things go to plan, investors can expect a similar yield in 2021. 

Charter Hall Social Infrastructure REIT (ASX: CQE) 

Charter Hall Social Infrastructure maintains a portfolio focused on the childcare industry.

The company believes that there will be a strong recovery in childcare attendances as COVID-19 becomes a lesser issue. It also highlights the bi-partisan government support for continued funding of the childcare sector as a positive, with anticipated annual government spending to increase to $9.0 billion in FY21 from $8.0 billion in FY20. 

Its shares will be going ex-dividend on 30 March for a distribution amount of 4.1 cents. This represents a yield of approximately 1.33%. Note that Charter Hall Social Infrastructure also pays dividends every quarter. 

HomeCo Daily Needs REIT (ASX: HDN) 

HomeCo invests predominately in metro-located, convenience-based assets in a large retail format. The company is a relatively new listing on the ASX, making its debut on 23 November 2020.

HomeCo has received a few broker notes, including a buy rating from Morgans

Its first distribution of 2.4 cents will be going ex-dividend on 30 March. This represents a yield of approximately 1.85% at today’s prices. 

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 4 ASX real estate shares going ex-dividend this week appeared first on The Motley Fool Australia.

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