Generation Development Group Ltd (ASX:GDG) insider William (Bill) Bessemer bought 50,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of A$0.60 ($0.42) per share, with a total value of A$29,750.00 ($21,099.29).

William (Bill) Bessemer also recently made the following trade(s):

  • On Thursday, February 28th, William (Bill) Bessemer bought 200,000 shares of Generation Development Group stock. The shares were acquired at an average price of A$0.64 ($0.46) per share, with a total value of A$128,800.00 ($91,347.52).

Shares of Generation Development Group stock traded up A$0.02 ($0.01) on Friday, hitting A$0.60 ($0.43). 45,000 shares of the company traded hands. The company has a market capitalization of $74.96 million and a P/E ratio of 23.08.

The business also recently declared a Interim dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.01 per share. This represents a dividend yield of 1.54%. The ex-dividend date is Friday, March 15th. Generation Development Group’s dividend payout ratio is presently 76.92%.

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About Generation Development Group

Generation Development Group Limited provides life insurance, and life investment products and services to the retail sector in Australia. It offers tax-effective investment solutions; investment bond products; and administration services, including unit pricing, fund valuation, investment and fund accounting, fund administration, and business registry services.

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