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

Generation Development Group Limited (ASX:GDG) insider Robert Coombe bought 21,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost of A$4.67 per share, for a total transaction of A$98,007.00.

Generation Development Group Stock Performance

The firm has a market capitalization 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 company also recently declared a Interim dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a yield of 21.0%. Generation Development Group’s payout ratio 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.