Stockland (ASX:SGP) unveils biggest dividend in 2 years

Stockland increased its final dividend by a quarter but its distribution is yet to return to “COVID-normal”.
The post Stockland (ASX:SGP) unveils biggest dividend in 2 years appeared first on The Motley Fool Australia. –

Property group Stockland Corporation Ltd (ASX: SGP) announced this morning that it will boost its final dividend by a quarter compared to last year.

Stockland will pay a second half dividend of 13.3 cents a share compared to the 10.6 cents it paid in 2020.

The increase will be welcomed by shareholders, although the payout hasn’t recovered to pre-COVID levels. The commercial and residential property group paid a final distribution of 14.1 cents back in 2019.

Stockland’s dividend sitting at ~5%

Nonetheless, investors can at least look forward to the FY21 full year distribution coming in at 24.6 cents a share.

Based on Stockland’s share price of $4.80 on Tuesday, that gives the group a yield of 5.1%. That’s not a bad return given that interest rates here are still stuck at record lows – at least for the time being.

However, investors should be aware that Stockland doesn’t pay franking credits, so what you see is what you get.

Stockland share price doesn’t react to dividend news

The Stockland share price didn’t jump on the dividend news either. Its shares slipped 0.6% this morning to $4.77.

This is probably because the rebound in distributions is inline with management’s guidance and few would be surprised.

Stockland’s dividend outlook

Having said that, supporters believe that Stockland’s dividend will continue to increase in the following year as the group shakes off the impact of COVID-19.

Investors will get to test their belief when Stockland releases its full year results on 20 August. Management should have more to say about the group’s outlook then.

The Record Date for determining the distribution entitlement is 30 June 2021. The distribution payment will be made on Tuesday 31 August 2021.

The post Stockland (ASX:SGP) unveils biggest dividend in 2 years appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

3 ASX 200 dividend shares making year-to-date highs

2 ASX dividend shares this broker likes

What moved the Stockland (ASX:SGP) share price this week?
How ASX data centre shares are racing for the cloud

2 quality ASX dividend shares with big yields

Motley Fool contributor Brendon Lau has no position in any of the stocks mentioned. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!