Insider Buying: Generation Development Group (ASX:GDG) Insider Buys 5,000 Shares of Stock

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

Generation Development Group Stock Performance

The company has a market cap of $1.86 billion, a PE 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 company also recently announced a Interim dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. 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 is presently 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.