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The Temple & Webster Group Ltd (ASX: TPW) share price could be an interesting one to think about for a few different reasons.

What is Temple & Webster?

Unlike other ASX home product retailers like Nick Scali Limited (ASX: NCK) and Adairs Ltd (ASX: ADH), Temple & Webster is an online-only business.

Indeed, the company describes itself as Australia’s leading pure play retailer of furniture and homewares. It retails over 200,000 of products from hundreds of suppliers. Those products are sold to customers and directly shipped by the suppliers. That model means that there’s faster delivery times and it reduces the need to hold inventory, allowing for a larger product range. Temple & Webster also has a private label range, sourced from overseas.

Here are some of the factors why the Temple & Webster share price could be one to monitor:

Permanent shift up the online adoption curve

Temple & Webster believes this trading suggests COVID-19 has permanently accelerated online adoption in the Australian furniture and homewares market.

The company has estimated that more than 20% of furniture and homewares was bought online in the US during 2020. Management believe Australia is following the same trajectory. It’s estimated that in 2020, around 9% of Australian furniture and homewares were bought online, an almost doubling of the 5% bought in 2019.

Temple & Webster said that online penetration in both markets is expected to continue to increase significantly.

Investing for growth

The e-commerce business plans to invest heavily to capture as much as this market opportunity as it can.

Management believe that it has a strong balance sheet and scope to achieve longer-term returns.

This will involve building strong brand awareness to achieve national brand status within the next three years by investing in mainstream media to drive both first time and repeat customers.

It’s going to use tactical pricing and promotions to increase the conversion.

Temple & Webster is strengthening its customer experience through enhanced technology, data and personalisation and delivery experience.

The company is also investing into its 3D and artificial intelligence capabilities to make the customer shopping journey easier.

Temple & Webster is adding new categories, expanding its private label range, new product development and launching exclusive ranges with suppliers.

The final area of focus is growing its business to business sales and operational teams to capitalise on the returning demand in the commercial sector.

Higher margins in the longer-term

During this period of investment, Temple & Webster is expecting “strong” double digit revenue growth, whilst the earnings before interest, tax, depreciation and amortisation (EBITDA) margin is expected to be between 2% to 4%.

But in the longer-term, it’s expecting higher levels of profitability than have been previously achieved due to greater scale benefits.

There are four areas of benefits. There’s improved supplier terms. Next, there is more repeat customers which will reduce marketing expenses. Another benefit would be the slowing investment in fixed costs. Finally, it’s expecting a higher percentage of sales to be exclusive products with higher gross profit margins.

Temple & Webster expects to achieve higher profit margins than offline peers in the longer-term.

The post 4 factors that could make the Temple & Webster (ASX:TPW) share price a buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) dropped by 1.8% to 7,235 points.

Here are some of the ASX highlights from today:

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price fell around 5.4% today after announcing the sale of its CommInsure general insurance business.

It’s selling this business to Hollard Group, whilst establishing a 15-year strategic alliance with Hollard for the distribution of home and motor vehicle insurance products to CBA’s retail customers in Australia.

The transaction consideration includes $625 million of an upfront consideration, together with deferred payments which are payable upon achieving certain business milestones. Hollard will invest throughout the 15-year strategic alliance to drive innovation and enhance the customer experience.

CBA said it will also continue to earn income on the distribution of home and motor insurance products. A pre-completion dividend is also expected to be received by CBA.

The CBA CEO Matt Comyn said:

The transaction is consistent with CBA’s strategy to deliver differentiated customer propositions and the best integrated digital experiences. CBA and Hollard will co-invest in innovative, market-leading products and services that anticipate and meeting the changing needs of our customers.

This deal is expected to increase its CET1 capital by $400 million, which translates to an increase of 9 basis points of the CET1 capital ratio.

The transaction is estimated to result in a after-tax gain on sale of approximately $90 million.

Boral Limited (ASX: BLD)

The Boral share price went up 1.5% today after announcing the sale of its North American building products business.

It’s selling this division to Westlake Chemical Corporation for US$2.15 billion, or approximately AU$2.9 billion.

The transaction will not result in the payment of any income tax in the US or Australia as a result of carried losses.

This deal will reduce Boral’s net debt target from around $1.5 billion to approximately $1.3 billion. This is in line with Boral’s financial framework, which targets an optimal net debt range.

The board will assess options to distribute surplus capital having regarding to the size of the surplus and the most appropriate method for distributing the surplus capital to shareholders.

Boral CEO and managing director Zlatko Todorcevski said:

Boral has owned and operated building products businesses in the USA for more than 40 years and we recognise and value the contribution that our North American building products’ employees and customers have made to the Boral Group over that time.

The level of market interest and the acquisition price reflects the fact that Boral’s building products is a portfolio of great businesses with quality products, strong brands and good positions in many geographies.

It was one of the few ASX 200 shares to go up more than 1% today.

Bank of Queensland Limited (ASX: BOQ)

The BOQ share price dropped around 5% today after announcing that its acquisition of ME Bank had been approved by the Treasurer of Australia. It was one of the ASX 200 shares that suffered a heavier selloff today. 

BOQ is buying ME Bank for a cash consideration of $1.325 billion. But the deal was waiting for approval from the Treasurer.

George Frazis, managing director and CEO of BOQ, said:

The addition of ME Bank to the BOQ Group will further strengthen our multi-brand strategy, deliver material scale, broadly double the size of our retail bank and provide us with geographic diversification. We look forward to the ME Bank team formally joining the BOQ Group very soon.

The post ASX 200 drops, CBA sinks, Boral sells US division appeared first on The Motley Fool Australia.

More reading

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• The Aussie dollar has plummeted! Here are some ASX winners and losers
• Why is the ASX 200 falling today? Thank CBA shares
• Why Codan, CommBank, Rio Tinto, & Starpharma shares are sinking

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Although there is talk of rate increases coming sooner than anticipated, we’re still talking years before they reach normal levels again. And who knows what might happen between now and then.

In light of this, dividend shares look likely to remain a great way to generate a passive income. With that in mind, here are two ASX dividend shares that offer attractive yields:

Accent Group Ltd (ASX: AX1)

Accent Group is a retail conglomerate with a focus on the leisure footwear market. It has been growing at a solid rate over the last few years thanks to the popularity of its store brands, its network expansion, and strong demand. This has continued in FY 2021, with Accent reporting a 6.6% increase in first half sales to $541.3 million and a 57.3% increase in net profit after tax to $52.8 million.

Bell Potter appears confident its growth will continue and is forecasting dividends of 11.7 cents per share in FY 2021 and then 12.3 cents per share in FY 2022. Based on the current Accent share price of $2.71, this will mean fully franked yields of 4.3% and 4.5%, respectively. Bell Potter has a buy rating and $3.30 price target on the company’s shares.

BWP Trust (ASX: BWP)

BWP is a retail property company with a focus on warehouses. Almost all the company’s properties are leased to home improvement giant Bunnings Warehouse. For example, at the end of the first half, Bunnings was renting 68 of BWP’s 75 properties. This has proven to be a successful strategy, with BWP growing its rental income and distribution at a solid rate over the last few years.

Pleasingly, the company has been on form again this year and revealed plans to pay a full year distribution of ~18.3 cents per share in FY 2021. Based on the current BWP share price of $4.33, this equates to an attractive 4.2% dividend yield.

The post Here are 2 ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Boral Limited (ASX: BLD) share price has been an interesting one to watch on the S&P/ASX 200 Index (ASX: XJO) today. Boral shares were up as much as 3% this morning, making a new 52-week high of $7.06 a share in the process. But as the trading day has dragged on, Boral shares have lost some of their momentum. The current Boral share price (at the time of writing) is $6.88 a share, up 1.55% for the day.

The big news out of the construction company today is the planned sale of its North American business to a subsidiary of Westlake Chemical Corporation (NYSE: WLK) for US$2.15 billion. However, it’s this announcement that has also sparked some ASX drama today.

Boral has been locked in a tussle with Seven Group Holdings Ltd (ASX: SVW). Seven has been eyeing off Boral for a while now. Just last week, the company extended its takeover offer of $6.50 a share to 30 June. That was despite Boral already advising its shareholders to reject the offer, saying it was opportunistic and undervalued the company by as much as 40%. Seven still owns a rough 24% stake in the company, making it Boral’s largest shareholder.

Boral share price anything but boring today

And that is the source of the drama we are seeing today. According to a report in The Australian this morning, Seven has slammed Boral for the North American deal with Westlake. Here’s some of what a Seven Group spokesperson told The Australian:

The US building products business has been sold for a loss. This business has been

outperforming while the Australian business is underperforming. This seems like a rushed sale

process in response to our offer. Our view is that Boral should have secured more…

 

We are also concerned that Boral’s Board has seemingly given up the ability to hold the CEO

and CFSO accountable for performance and results, with the sale announced alongside a guarantee of their employment and long-term incentives…This reinforces our view that this is in response to Seven Group‘s takeover. Shareholders should be concerned by this.

The latter comment is presumably in reference to a concurrent announcement from Boral this morning. This announcement guarantees that neither its CEO Zlatko Todorcevski, and CFO, Tino La Spina will be removed from their positions “without cause” until July 2022. If the company does show its CEO or CFO the door, it will have to pay them their entitled bonuses up to July 2023.

Whether this development is the last chapter in the Boral/Seven saga remains to be seen. We will have to wait until perhaps 30 June to see what Seven’s next move might be when it comes to Boral. At the current Boral share price, the company has a market capitalisation of 48.14 billion.

The post Why Seven (ASX:SVW) has slammed the Boral deal today appeared first on The Motley Fool Australia.

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• Selling some ASX shares before tax time? Here’s what you should know
• Why the Boral (ASX:BLD) share price just hit a 52-week record

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Paladin Energy Ltd (ASX: PDN) have spent most of the day in the red today after the company announced it will sell off the shares of shareholders who own small holdings.

In afternoon trade, the Paladin share price peaked briefly at 46.5 cents, before dipping down again. At the close of trading, the Paladin share price was swapping hands at 46.2 cents – just 0.43% higher than yesterday’s close.

According to the uranium company’s release, shareholders with less than $500 worth of Paladin shares will be automatically included in the organised sale.

Let’s take a closer look at Paladin’s plan.

Selling small shareholdings

The company is attempting to reduce its administration costs caused by a large number of shareholders holding a small amount of shares.

The uranium company will cover the brokerage and handling costs incurred from the sale.

Shareholders who hold less than $500 worth of Paladin shares and wish to keep them must opt out of the sale or buy more shares by 9 August.

The company has determined that a holding of less than 1,086 shares is a “less than marketable parcel”. That’s based on Paladin’s closing share price on 18 June, which was 46 cents.

According to Paladin, the company has 26,515 shareholders. Of those shareholders, 17,343 hold a “less than marketable parcel”. Combined, those 17,343 shareholders hold around 0.8% of the company’s outstanding shares.

The company will sell the small share parcels according to the share price at market close on 9 August.

If a shareholder’s parcel is worth more than $500 on 9 August due to the company’s share price increasing between now and then, their shares won’t be sold.

The shareholders who participate will receive the proceeds of the sell-off.

Paladin share price snapshot

The Paladin share price is having a good run on the ASX lately.

Currently Paladin shares are up 86% year to date, and 374% since this time last year.

The energy company has a market capitalisation of around $1.2 billion, with approximately 2.6 billion shares outstanding.

The post What’s with the Paladin (ASX:PDN) share price today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you would like to bolster your portfolio with some blue chips, then you might want to take a look at these ASX shares.

Here’s why these blue chip shares are highly rated:

CSL Limited (ASX: CSL)

CSL could be a blue chip share to look closer at. It is one of the world’s leading biotherapeutics companies with operations across 60 countries and major facilities in Australia, Germany, Switzerland, the United Kingdom, and the United States.

Through its CSL Behring and Seqirus businesses, it has a focus on rare and serious diseases and influenza vaccines. These businesses have portfolios of life-saving therapies and vaccines that are generating billions of dollars in revenue each year.

Pleasingly, management continues to invest heavily in its research and development (R&D) to ensure that its pipeline is filled with innovative and potentially lucrative products. In fact, the company invests somewhere in the region of 11% of its sales back into R&D activities each year. This will see it invest ~US$1 billion in these activities this year.

One leading broker that is positive on the company is UBS. It currently has a buy rating and $330.00 price target on its shares.

SEEK Limited (ASX: SEK)

SEEK is the leading job listings company in the ANZ region and has a number of growing businesses around the globe.

In respect to the former, at the end of the first half, SEEK was averaging 35 million monthly visits and had 160,000 active hirers. This led to the company having almost a third of all placements in the region. This is a sizeable five times greater than its nearest rival.

This means the company is perfectly positioned to benefit from Australia’s strong economic recovery from the pandemic. In fact, recent unemployment data has been very positive and is expected to continue improving over the next couple of years. This bodes well for job ad volumes and SEEK’s top line growth.

Macquarie is very positive on SEEK. Last week it upgraded its shares to an outperform rating and increased the price target on them to $40.00.

The post 2 blue chip ASX shares rated as buys appeared first on The Motley Fool Australia.

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James Mickleboro owns SEEK shares. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Swick Mining Services Ltd (ASX: SWK) share price is rising high today. At the time of writing, shares in the mining services company are trading for 20 cents each – up 17.65%.

Today’s positive price movement comes after Swick announces an earnings update and the latest on the demerger of its Orexplore business.

Swick Mining Services provides mineral drilling contract services to the mining industry. It also engages in research and development of mineral analysis technologies.

Why is the Swick share price rising?

Earnings update

In its first statement to the ASX, Swick Mining Services says it expects revenue for its drilling business in FY21 to be between $153 million and $156 million. It also expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be within $29 million and $31 million for the drilling business.

In its FY20 accounts, drilling business revenue was $150 million and drilling business EBITDA of $24.6 million.

As this year’s results are forecast to be stronger than last years, this potentially explains at least one aspect of today’s strong price rise.

Swick managing director Kent Swick said:

We are performing strongly in the second half of FY21 and expect to deliver improved results and greater rig utilisation. The operational performance across all our drill sites is now strong and our largest international site – Pogo in Alaska where we operate ten underground drills – is now performing as per expectations.

We have a solid platform for growth both in the drilling business which is now laser-focused on its specialty of underground diamond coring and our world-class rig manufacturing facility. The current utilisation of our fleet is at 90% based on allocated rigs or 84% on a full-time equivalent basis, and demand from our clients is on the increase…

Demerger update

In its other announcement, Swick advised it would recommence the demerger of its Orexplore Technologies business, with a commitment to complete the process by the end of this year. The demerger was deferred in February this year.

According to its website, Orexplore enables mining companies to more easily analyse rock samples to see what, if any, minerals are embedded within them.

Swick said Swick Mining had progressed the demerger of its mineral technology business from the drilling business to “unlock its full value” as a separate entity.

Progress towards commercialisation has continued steadily as we have tested and refined the technology. The potential for the technology is real and can unlock benefits for our customers throughout the whole mining life cycle, from exploration to processing.

Swick share price snapshot

Over the past 12 months, the Swick share price has increased 53.9%. Its current valuation is only just off its 52-week high of 24 cents per share.

Swick Mining Services has a market capitalisation of $56.4 million.

The post Swick (ASX:SWK) share price jumps 18% on double update appeared first on The Motley Fool Australia.

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Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is not having a great start to the week today. At the time of writing, the flagship ASX index is down a substantial 1.61% to 7,250 points. With such a hefty drop, surely there must be some lively trading going on the ASX boards today.

So let’s take a look at the most active ASX 200 shares trading by volume:

The 3 most active ASX 200 shares today

Zip Co Ltd (ASX: Z1P)

Zip Co is proving to be a very popular ASX 200 share on the markets today, with 9.14 million shares having traded so far. Zip shares are currently defying the broader ASX 200 gloom, and are up 1.72% to $8.28 so far today.

There has been no other major news or announcements out of Zip as of this afternoon. However, the buy now, pay later (BNPL) company was one of the best ASX 200 performers last week. It’s also worth noting that, as my Fool colleague covered earlier today, Zip is also currently one of the ASX 200’s most shorted shares.

AMP Ltd (ASX: AMP)

Wealth manager AMP is also making its presence known on the ASX 200 today, with a meaningful 14.4 million shares swapping hands so far. This is likely being assisted by the dismal performance of the AMP share price today. Unlike Zip, investors seem to be leaning into the general market sentiment with AMP today. Its shares are currently down a nasty 6.02% to $1.17 a share. That’s not too far away from the company’s all-time low of $1.05.

It’s not entirely clear why investors are offloading AMP since there has been no major news or announcements out of the company recently. However, most ASX financial shares are performing very poorly today.

Boral Limited (ASX: BLD)

Construction company Boral is the most popular ASX 200 share on the markets today, with 23.9 million shares changing owners so far. Boral has had a very interesting day so far. It opened very strongly, pushing up as high as 3% to $7.06 this morning – a new 52-week high. It has since given up much of those gains but is still up 1.04% to $6.83 at the time of writing.

It’s possible that this bouncing around has something to do with the sheer volume of shares trading today, as ASX 200 investors try and find the pricing that they find acceptable. Another factor at play could be the announcement of Boral’s planned sale of its American building products division to a subsidiary of Westlake Chemical Corporation (NYSE: WLK) for US$2.15 billion, which we discussed earlier this morning.

The post Here are the 3 most active ASX 200 shares trading today appeared first on The Motley Fool Australia.

More reading

• Zip (ASX:Z1P) and Afterpay (ASX:APT) shares withstand market selloff
• The Aussie dollar has plummeted! Here are some ASX winners and losers
• Why is the ASX 200 falling today? Thank CBA shares
• Selling some ASX shares before tax time? Here’s what you should know
• Why the Boral (ASX:BLD) share price just hit a 52-week record

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With so many growth shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out three options that are highly rated to consider:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first option is actually an ETF that gives investors access to a group of highly promising growth shares in the Asian market. By buying the BetaShares Asia Technology Tigers ETF, investors will be buying a slice of 50 outstanding tech companies that are leading Asia’s technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.

ELMO Software Ltd (ASX: ELO)

Another growth share to look at is ELMO. It is a HR and payroll platform provider with operations in the ANZ and UK markets. Thanks to a combination of the shift to the cloud, the quality of its platform, and acquisitions, ELMO has been growing at a strong rate in recent years. Positively, despite this strong revenue growth, it is still only scratching at the surface of its addressable market. This gives it a long runway for growth over the next decade. One broker that is positive on ELMO is Shaw & Partners. It currently has a buy rating and $9.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX growth share to look at is this online furniture and homewares retailer. It has been tipped to grow at a very strong rate over the 2020s thanks to the shift to online shopping. This is particularly the case for online furniture shopping, with is still in its infancy compared to other retail categories. Management recently revealed that it intends to cement its leadership position by investing heavily in its sales and marketing. While this will weigh on its profit growth in the short term, management believes it is worth it for the long term gains. Morgan Stanley agrees. It currently has an overweight rating and $15.00 price target on its shares.

The post 3 excellent ASX shares for growth investors appeared first on The Motley Fool Australia.

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• 2 explosive ASX growth shares rated as buys

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Elmo Software and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF and Elmo Software. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Centuria Industrial REIT (ASX: CIP) share price is gaining in afternoon trade, currently up 0.5% to $3.76 per share.

This comes as the S&P/ASX 200 Index (ASX: XJO) is falling, with the benchmark index down 1.9%.

CIP is Australia’s largest domestic pure play industrial real estate investment trust (REIT).

Below, we look at the REIT’s announcement on its sustainable logistics property.

What did CIP announce?

The Centuria share price is bucking the wider market trend and rising after CIP reported it had opened a highly sustainable rated industrial property in Brisbane. Queensland’s capital city has seen rising demand for quality industrial space, with a current 2.9% vacancy rate.

According to the release, the newly completed, $18.1 million 10,244 square metre facility is 1 of Australia’s first “five-star Green Star – Design & As Built Certified” industrial buildings under the Green Building Council Australia’s new rating guidelines.

Ipswich City Council Mayor, Teresa Harding, and CIP’s fund manager, Jesse Curtis were on hand to celebrate the opening.

The property includes recycled watering systems along with rainwater harvesting, a 99kw solar panel system, recycled materials, and a drought-resistant landscape.

Commenting on the opening of the green rated facility, Curtis said:

We are pleased to be developing this industrial property to meet the rising demand from the logistics and warehousing sector in Greater Brisbane, where vacancy rates are a low 2.9%. In particular, Bundamba is attracting blue-chip national and international corporations with existing occupiers in the CIP portfolio including Australian Pharmaceutical Industries (API) and The Reject Shop.

The new opening represents Centuria’s 16th asset in Queensland and its total Australian portfolio to 66 industrial assets worth more than $3 billion.

In other news that could be offering a boost to the Centuria share price today, CIP confirmed it would pay a dividend of 4.25 cents per share for the quarter ending 30 June 2021. The ex-distribution rate is 29 June, with payment slated for 10 August.

Centuria share price snapshot

Over the past 12 months, CIP shares have gained 11%, trailing the 22% gains posted by the ASX 200.

Year-to-date the Centuria share price has turned the tables on the benchmark index, with CIP shares up 21% compared to an 8% gain on the ASX 200 so far in 2021.

The post Why the Centuria (ASX:CIP) share price is gaining as the ASX 200 falls appeared first on The Motley Fool Australia.

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