Insider Buying: Generation Development Group (ASX:GDG) Insider Buys 30,756 Shares of Stock

Generation Development Group Limited (ASX:GDG) insider Shenaz Waples acquired 30,756 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of A$4.58 per share, with a total value of A$140,800.97.

Generation Development Group Stock Performance

The company has a market cap of $1.37 billion, a PE ratio of 4.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

Generation Development Group Announces Dividend

The firm also recently declared a Interim dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.01 dividend. This represents a yield of 21.0%. The ex-dividend date of this dividend is Monday, March 9th. Generation Development Group’s payout ratio is currently 66.67%.

About Generation Development Group

Generation Development Group Limited engages in the marketing and management of life insurance and life investment products and services in Australia. The company operates in two segments, Benefit Funds Management and Funds Administration, and Other Business. It also provides administration and management services to the Benefit Funds of Generation Life Limited, as well as administration services to institutional clients. The company was formerly known as Austock Group Limited and changed its name to Generation Development Group Limited in March 2018.