Scentre still forecasts a strong 2019 dividend at a total of 22.6 per security, placing it on a 5.7% yield. This may yet keep investors looking to maximise profits in the long term. The group has now released $2.1 billion of capital to pursue further ‘strategic objectives’ as a result of a separate sale last month worth $575 million.
Scentre Group [ASX:SCG] was doing very well today, rebounding with the commodity sector over the course of the trading day. As a property developer, Scentre’s long term outlook is positive.