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

Key Points

• SmartCentres Real Estate Investment Trust declared a dividend of $0.11, which translates to a significant dividend yield of 693.0% for investors of record on September 30th.
• The company's stock opened at $19.42, with a market capitalization of $3.46 billion, and its twelve-month price range is between $15.99 and $20.19.
• SmartCentres operates a large portfolio of 191 properties across Canada, showcasing a high occupancy rate of 98.5% for its retail and office spaces.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) announced a dividend on Monday, September 22nd, investing.com reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.1121 per share on Wednesday, October 15th. This represents a dividend yield of 693.0%. The ex-dividend date of this dividend is Monday, September 29th.

SmartCentres Real Estate Investment Trust Price Performance

Shares of SmartCentres Real Estate Investment Trust stock traded down $0.08 during trading on Monday, hitting $19.34. 10,462 shares of the company were exchanged, compared to its average volume of 28,611. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.12 and a beta of 0.92. The firm has a 50 day moving average price of $19.13 and a 200 day moving average price of $18.55. SmartCentres Real Estate Investment Trust has a fifty-two week low of $15.99 and a fifty-two week high of $20.19. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.66.

About SmartCentres Real Estate Investment Trust

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.