Generation Development Group (ASX:GDG) Insider Buys A$140,800.97 in Stock

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

Generation Development Group Price Performance

The company has a market cap of $1.37 billion, a P/E 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 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. The ex-dividend date is Monday, March 9th. This represents a dividend yield of 21.0%. Generation Development Group’s dividend 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.