Robert Coombe Purchases 21,000 Shares of Generation Development Group (ASX:GDG) Stock

Generation Development Group Limited (ASX:GDG) insider Robert Coombe acquired 21,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were purchased at an average price of A$4.67 per share, with a total value of A$98,007.00.

Generation Development Group Price Performance

The firm has a market cap of $1.37 billion, a price-to-earnings 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 company also recently disclosed a Interim dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.01 dividend. This represents a dividend 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%.

Generation Development Group Company Profile

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.