Charter Hall Long WALE REIT (ASX:CLW) Announces Dividend Increase – $0.07 Per Share

Charter Hall Long WALE REIT (ASX:CLW) announced a interim dividend on Friday, September 13th, MarketIndexAU reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.07 per share on Thursday, November 14th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Charter Hall Long WALE REIT’s previous interim dividend of $0.07.

ASX:CLW traded up A$0.07 ($0.05) on Wednesday, hitting A$5.90 ($4.18). The company’s stock had a trading volume of 956,680 shares. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 41.36. The stock has a fifty day moving average of A$5.43 and a two-hundred day moving average of A$4.91. The firm has a market capitalization of $2.22 billion and a P/E ratio of 22.35. Charter Hall Long WALE REIT has a one year low of A$3.93 ($2.79) and a one year high of A$6.02 ($4.27).

In other news, insider David Harrison bought 14,787 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of A$5.13 ($3.64) per share, for a total transaction of A$75,857.31 ($53,799.51). Also, insider Adrian Taylor 5,929 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th.

About Charter Hall Long WALE REIT

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (“REIT”) listed on the ASX (ASX: CLW) and invests in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with over $26.4 billion of high quality, long leased property across the office, retail, industrial and social infrastructure sectors.

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