Abacus Group (ASX:ABG – Get Free Report) insider Steven Sewell purchased 712,452 shares of the stock in a transaction on Friday, August 29th. The shares were acquired at an average price of A$1.23 per share, for a total transaction of A$872,753.70.
Abacus Group Price Performance
The firm has a market cap of $1.05 billion, a P/E ratio of -4.36 and a beta of 1.18.
Abacus Group Announces Dividend
The business also recently announced a Final dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 28th were paid a dividend of $0.043 per share. This represents a yield of 354.0%. The ex-dividend date of this dividend was Sunday, June 29th. Abacus Group’s payout ratio is presently -33.33%.
About Abacus Group
Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Commercial property and Self Storage sectors. We invest capital in real estate opportunities to deliver superior long term returns and maximise securityholder value. Abacus is a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value.
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