"Based on information currently available and barring
any unforeseen events, CLW reaffirms FY23
Operating EPS guidance of 28.0 cents and DPS
guidance of 28.0 cents."
So not only 100% payout ratio (instead of say more conservative 90% payout for a REIT), but that guidance now means dividends have been cut.
And the effect of interest rate rises hasn't even been fully reflected yet.!!!
Given 100% payout ratio, and interest rates still on the rise, what's to stop that dividend dropping further!!!
That's why the market is dumping the shares!!!
"Based on information currently available and barring any...
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Last
$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5298 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 37857 | 6 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CLW (ASX) Chart |