Cedar Woods Properties Limited Declares Interim Dividend of $0.18 (ASX:CWP)

Cedar Woods Properties Limited (ASX:CWP) announced a interim dividend on Wednesday, February 27th, MarketIndexAU reports. Stockholders of record on Friday, April 26th will be given a dividend of 0.18 per share on Friday, April 26th. This represents a dividend yield of 3.34%. The ex-dividend date is Monday, March 25th.

Shares of CWP stock traded up A$0.09 ($0.06) during midday trading on Monday, reaching A$5.69 ($4.04). 41,963 shares of the company traded hands, compared to its average volume of 60,867. Cedar Woods Properties has a 1-year low of A$4.52 ($3.21) and a 1-year high of A$6.41 ($4.55). The company has a current ratio of 4.60, a quick ratio of 0.21 and a debt-to-equity ratio of 37.80. The company has a market cap of $455.87 million and a price-to-earnings ratio of 6.50.

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About Cedar Woods Properties

Cedar Woods Properties Limited engages in property investment and development activities in Australia. The company is involved in the urban land subdivision and development of residential, commercial, and retail projects in Western Australia, Victoria, Queensland, and South Australia. It offers small affordable housing lots at its residential estates and luxury apartments at boutique waterfront developments.

Further Reading: Balance Sheet

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