Cromwell Property Group (ASX: CMW) Share Price and News

Cromwell Property Group has paid quarterly distributions to its securityholders every year since 2007. All of these, with the exception of one, have been unfranked. The company typically pays interim distributions in late November, February, and May each year, with final distributions being paid in late August. For FY2020 to date, Cromwell Property has paid a total of 5.625 cents per unit in distributions. In a June business update, the company advised that, despite the uncertainty surrounding the impacts of COVID-19 on its business, Cromwell Property could confirm that its final distribution of 1.875 cents per unit will be paid.   

Yes. Cromwell Property offers securityholders residing in Australia and New Zealand the option of full or partial participation in its distribution reinvestment plan. As at June 2020, there is no minimum number of securities required to participate in the plan. The last interim distribution paid by the company on 22 May 2020 was not included in the DRP. Cromwell Property has further advised that, due to its security price being below its per unit NTA (net tangible assets), the company’s final distribution will also not be included in the DRP. Securities issued under the DRP may, at the discretion of the Board, be offered at a discount.