Much appreciated drsmith it doesn't seem like i have WRT as part of my holdings
I have read few reporting indicating growth for WRT in the upcoming year as it being at a discount.
I have not seen any real movement to indicated direction and I was initially invested in WDC for dividends with modest growth and was surprised at the dividend for WRT.
at .44cents per ordinary stapled unit this would indicate a .1% dividend surely there was no point paying a dividend at all.
Interesting that the lowys' are getting out whilst saying conditions are returning to normal.
4% down today.
And they dropped it at $3.09 That's actually not too bad I reckon, well for them maybe.
I always suspected the split was to offer them a passage out of retail.
The Lowys typically back themselves for growth and prefer to hold the management and development part of the business (WDC).Interesting that the lowys' are getting out whilst saying conditions are returning to normal.
4% down today.
WRT with its lower risk profile was principally floated off as a means of raising capital and reducing group debt.
The Lowys typically back themselves for growth and prefer to hold the management and development part of the business (WDC).
WRT with its lower risk profile was principally floated off as a means of raising capital and reducing group debt.
On the plus side the yield is good at these price levels and WRT will go ex-div this month paying in August. On the negative side, the Aud$ is under presure, off-shore investors are pulling out of Australia and Retail is still in the doldrums (just look at David Jones).
WRT ex-div is in August as well. They are off the usual REIT cycle but are in line with most other industrials.
I am looking to invest my first $5,000 in a relatively high dividend yielding and stable stock. WRT looks alright - 6.8% dividend yield with a solid outlook and is currently trading at $2.93 (52 week low at 2.62 and high at 3.26).
I was thinking of buying when it fell below $2.90. Suggestions?
Thanks
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