Charter Hall Social Infrastructure REIT Quarterly Distribution Announcement
CHARTER HALL SOCIAL INFRASTRUCTURE REIT (CQE) Share Update December 2024 Thursday 12th
Charter Hall Social Infrastructure REIT Announces Quarterly Distribution
Charter Hall Social Infrastructure REIT has announced a quarterly distribution of AUD 0.0375 per unit, payable on January 21, 2025.
Instant Summary:
- Quarterly distribution of AUD 0.0375 per unit.
- Ex Date: December 30, 2024.
- Record Date: December 31, 2024.
- Payment Date: January 21, 2025.
- Distribution is 100% unfranked.
Distribution Details
Charter Hall Social Infrastructure REIT, listed under the ASX code CQE, has announced a new quarterly distribution for its fully paid units. The distribution amount is set at AUD 0.0375 per unit, reflecting the REIT's commitment to providing regular income to its investors.
The ex-dividend date is scheduled for December 30, 2024, meaning that investors must own the units by this date to be eligible for the distribution. The record date follows on December 31, 2024, and the payment will be made on January 21, 2025.
Unfranked Distribution
This distribution is entirely unfranked, which means it does not carry any tax credits for Australian investors. The unfranked nature of the distribution may influence the after-tax return for investors, depending on their individual tax situations.
Charter Hall Social Infrastructure REIT focuses on investing in social infrastructure properties, providing a stable income stream for its investors through its diversified portfolio.
The announcement of a quarterly distribution is likely to be viewed positively by investors, reinforcing the REIT's commitment to providing consistent returns. However, the unfranked nature of the distribution may affect its attractiveness to certain investors, particularly those who benefit from franking credits.
Investor Reaction:
Analysts may view the regular distribution as a positive sign of the REIT's financial health. However, the lack of franking credits could lead to mixed reactions among investors, especially those in higher tax brackets.
Conclusion:
Investors should consider the implications of the unfranked distribution on their portfolios and tax situations. Charter Hall Social Infrastructure REIT continues to offer a steady income stream, making it an attractive option for income-focused investors.