Cedar Woods Properties Limited (ASX:CWP) to Issue Dividend Increase – $0.10 Per Share

Cedar Woods Properties Limited (ASX:CWPGet Free Report) announced a interim dividend on Thursday, February 20th, MarketIndexAU Dividends reports. Stockholders of record on Tuesday, April 29th will be paid a dividend of 0.10 per share on Tuesday, April 29th. This represents a dividend yield of 1.82%. The ex-dividend date is Sunday, March 30th. This is a 25.0% increase from Cedar Woods Properties’s previous interim dividend of $0.08.

Cedar Woods Properties Stock Performance

The stock has a market capitalization of $438.13 million, a PE ratio of 3.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.13. The company has a quick ratio of 0.10, a current ratio of 2.31 and a debt-to-equity ratio of 31.37.

Insiders Place Their Bets

In other news, insider William Hames acquired 28,530 shares of the stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of A$5.20 ($3.27) per share, for a total transaction of A$148,356.00 ($93,305.66). Corporate insiders own 28.22% of the company’s stock.

About Cedar Woods Properties

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Cedar Woods Properties Limited engages in property investment and development activities in Australia. It is involved in the acquisition, development, marketing, and sale of housing lots, apartments, townhouses, and commercial properties in Western Australia, South Australia, Victoria, and Queensland.

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Dividend History for Cedar Woods Properties (ASX:CWP)

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