BWP Trust (ASX:BWP) Increases Dividend to $0.09 Per Share

BWP Trust (ASX:BWP) announced a interim dividend on Tuesday, December 10th, MarketIndexAU reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.09 per share on Friday, February 21st. This represents a dividend yield of 2.15%. The ex-dividend date is Monday, December 30th. This is a boost from BWP Trust’s previous interim dividend of $0.09.

Shares of BWP traded down A$0.04 ($0.03) during midday trading on Tuesday, reaching A$4.20 ($2.98). 543,054 shares of the stock were exchanged, compared to its average volume of 1,070,000. The business’s 50-day moving average price is A$4.20 and its 200 day moving average price is A$3.92. The company has a debt-to-equity ratio of 22.22, a current ratio of 0.26 and a quick ratio of 0.21. BWP Trust has a twelve month low of A$3.48 ($2.47) and a twelve month high of A$4.33 ($3.07). The company has a market capitalization of $2.70 billion and a price-to-earnings ratio of 15.91.

About BWP Trust

Established and listed on the Australian Securities Exchange (“ASX”) in 1998, BWP Trust (“BWP” or “the Trust”) is a real estate investment trust investing in and managing commercial properties throughout Australia. The majority of the Trust's properties are large format retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited (“Bunnings”).

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