Future Generation Australia Limited (ASX:FGX) Announces Dividend Increase – $0.03 Per Share

Future Generation Australia Limited (ASX:FGX) declared a final dividend on Tuesday, April 16th, MarketIndexAU reports. Shareholders of record on Tuesday, May 21st will be given a dividend of 0.034 per share on Tuesday, May 21st. This represents a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a positive change from Future Generation Australia’s previous final dividend of $0.03.

Future Generation Australia Price Performance

Insider Buying and Selling at Future Generation Australia

In related news, insider Geoffrey(Geoff) Wilson acquired 37,562 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of A$1.18 ($0.78) per share, with a total value of A$44,323.16 ($29,353.09). In the last quarter, insiders purchased 131,560 shares of company stock worth $152,019. Insiders own 13.53% of the company’s stock.

About Future Generation Australia

Future Generation Investment Fund Limited is a closed ended fund of fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Bennelong Long Short Equity Management Pty Limited, Cooper Investors Pty Limited,Bennelong Australian Equity Partners Pty Ltd,Discovery Asset Management Pty Ltd,Eley Griffiths Group Pty Limited, Eley Griffiths Group Pty Limited, Kingston Funds Management Pty Limited, Lanyon Asset Management Pty Limited, LHC Capital Pty Ltd, Optimal Fund Management Australia Pty Ltd.