Generation Development Group (ASX:GDG) Insider Buys A$23,350.00 in Stock

Generation Development Group Limited (ASX:GDG) insider Giselle Collins bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of A$4.67 per share, with a total value of A$23,350.00.

Generation Development Group Stock Performance

The stock has a market cap of $1.86 billion, a P/E ratio of -54.84, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

Generation Development Group Dividend Announcement

The firm also recently announced a Interim dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a dividend yield of 21.0%. Generation Development Group’s dividend payout ratio (DPR) is 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.