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An announcement from Cedar Woods Properties Limited ( (AU:CWP) ) is now available.
Cedar Woods Properties Limited has announced the activation of its Dividend Reinvestment Plan (DRP) and Bonus Share Plan (BSP) for its final fully franked dividend of 19 cents per share for the year ending June 30, 2025. The shares under the DRP and BSP will be issued at a 2.5% discount to the volume-weighted average price, with the company entering an underwriting agreement with Euroz Hartleys, Bell Potter, and Shaw and Partners to fully underwrite any shortfall. This initiative is aimed at expanding the shareholder base and enhancing balance sheet flexibility to support ongoing acquisition strategies.
The most recent analyst rating on (AU:CWP) stock is a Buy with a A$8.25 price target. To see the full list of analyst forecasts on Cedar Woods Properties Limited stock, see the AU:CWP Stock Forecast page.
More about Cedar Woods Properties Limited
Cedar Woods Properties Limited is a company operating in the real estate industry, focusing on property development and investment. The company is listed on the Australian Securities Exchange (ASX) and engages in the development of residential communities across Australia.
Average Trading Volume: 185,028
Technical Sentiment Signal: Buy
Current Market Cap: A$622.1M
For an in-depth examination of CWP stock, go to TipRanks’ Overview page.