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Dividend Portfolio: Stockland (ASX: SGP)


Published 18-DEC-2014 00:00 A.M.


1 minute read

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Stockland (SGP) is a diversified property group in Australia that owns, develops and manages a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland continues to grow and develop its Logistics and Business Park Portfolio.


Dividend and Investment View:
Stockland has kept its annual dividend distribution steady at $0.24 per share since 2011 which mirrors the stable and predictable performance of the company. The company announced the estimated distribution for the six months 31 December to be 12.0 cents per ordinary stapled security which is line with previous guidance. The shares will trade ex-dividend on Monday 29th December which means investors have to purchase SGP on or before 24th December 2014 due to the Christmas holidays in order to be eligible for the dividend. The payment date is 27 February 2014. Shareholders may participate in the Dividend Reinvestment Plan (DRP) which offers a 1% discount on securities acquired under the DRP.

SGP is travelling in a medium to long-term uptrend since Q3 2011. The FY14 financial performance has shown solid growth across most of its divisions. SGP’s diversified portfolio enables the company to increase margins and offset struggles in individual divisions. Wise-owl recommends to add exposure as we are attracted to SGP’s 5.92% annual dividend yield and balanced operational outlook.

Please note: The recommendations of the Dividend Portfolio have a medium to long-term outlook.


General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

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The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

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