Charter Hall Long WALE REIT Announces Quarterly Distribution for December 2024
CLW (CLW) Share Update December 2024 Wednesday 11th
Charter Hall Long WALE REIT Announces Quarterly Distribution
Charter Hall Long WALE REIT (ASX: CLW) has announced a quarterly distribution of AUD 0.0625 per fully paid unit stapled security, with payment scheduled for February 2025.
Instant Summary:
- Distribution amount of AUD 0.0625 per security.
- Ex Date: 30 December 2024.
- Record Date: 31 December 2024.
- Payment Date: 14 February 2025.
- Distribution is 100% unfranked.
Distribution Details
Charter Hall Long WALE REIT has declared a distribution of AUD 0.0625 per fully paid unit stapled security. This distribution pertains to the financial period ending on 31 December 2024, and it is scheduled to be paid on 14 February 2025.
The ex-dividend date is set for 30 December 2024, meaning that investors must own the security before this date to be eligible for the distribution. The record date, which determines the eligibility for receiving the distribution, is 31 December 2024.
Unfranked Distribution
This distribution is entirely unfranked, with no franking credits attached. This means that the distribution will be treated as ordinary income for tax purposes, without any tax credits to offset taxable income.
The distribution is made in Australian dollars (AUD), and there are no arrangements for currency conversion or a dividend reinvestment plan (DRP) for this distribution.
While the distribution provides income to investors, the lack of franking credits may affect its attractiveness to some. The consistent quarterly distribution underscores Charter Hall Long WALE REIT's stable income generation, which may bolster investor confidence in the REIT's financial health.
Investor Reaction:
Analysts might view the announcement positively due to the steady income stream it represents. However, the unfranked nature of the distribution could lead to mixed reactions among investors seeking tax-efficient income.
Conclusion:
Investors should consider the implications of the unfranked distribution on their tax situation and assess the REIT's performance in the context of their investment strategy. Monitoring Charter Hall Long WALE REIT's future announcements will be crucial for making informed decisions.