Vicinity Centres Announces Interim Dividend of $0.06 (ASX:VCX)

Vicinity Centres (ASX:VCX) declared a interim dividend on Thursday, February 19th, MarketIndexAU Dividends reports. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.062 per share by the real estate investment trust on Wednesday, March 11th. This represents a dividend yield of 241.0%. The ex-dividend date is Sunday, February 22nd.

Vicinity Centres Stock Performance

The firm has a market capitalization of $10.06 billion, a P/E ratio of 18.39, a P/E/G ratio of 8.48 and a beta of 1.64. The company has a debt-to-equity ratio of 43.45, a quick ratio of 0.35 and a current ratio of 0.47.

Vicinity Centres Company Profile

Vicinity Centres (Vicinity or the Group) is one of Australia’s leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 60 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 59 shopping centres (including the DFO Brisbane business) and manages 30 assets on behalf of Strategic Partners, 29 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code ‘VCX’ and has 24,000 securityholders.