WRDEF - 14% Yielder Wereldhave Guides For A Weaker H2 Increasing The Odds Of A Dividend Cut
Introduction
I have discussed Wereldhave (OTC:WRDEF) plenty of times before here on Seeking Alpha, and although the commercial REIT is usually able to publish satisfying financial results, its share price continues to slide lower. Wereldhave has now reported on its H1 results and although the performance in the first semester was good, the second half of the year will be quite a bit weaker which strengthens the impression the current annualized dividend of 2.52 EUR per share (for a dividend yield of almost 14%) won’t be sustainable for much longer.
Source: Yahoo