The GPT Group (ASX:GPT) Raises Dividend to $0.12 Per Share

The GPT Group (ASX:GPT) announced a final dividend on Wednesday, December 18th,MarketIndexAU Dividends reports. Investors of record on Thursday, February 27th will be paid a dividend of 0.12 per share on Thursday, February 27th. This represents a yield of 2.67%. The ex-dividend date of this dividend is Sunday, December 29th. This is a boost from The GPT Group’s previous final dividend of $0.10.

The GPT Group Stock Performance

The company has a debt-to-equity ratio of 48.92, a quick ratio of 0.36 and a current ratio of 0.47.

Insider Buying and Selling

In other The GPT Group news, insider Russell Proutt acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of A$5.05 ($3.14) per share, for a total transaction of A$252,500.00 ($156,832.30). Insiders have bought 200,000 shares of company stock worth $949,500 over the last ninety days. 0.57% of the stock is owned by insiders.

The GPT Group Company Profile

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.