Generation Development Group (ASX:GDG) Insider William (Bill) Bessemer Sells 50,000 Shares

Generation Development Group Limited (ASX:GDG) insider William (Bill) Bessemer sold 50,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of A$7.46, for a total value of A$372,850.00.

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

• On Thursday, October 2nd, William (Bill) Bessemer sold 120,000 shares of Generation Development Group stock. The stock was sold at an average price of A$6.99, for a total transaction of A$838,320.00.

Generation Development Group Stock Performance

The stock has a market capitalization of $1.37 billion, a P/E ratio of 4.80, a PEG ratio of 1.31 and a beta of 0.80.

Generation Development Group Announces Dividend

The business also recently disclosed a Final dividend, which was paid on Monday, October 6th. Stockholders of record on Monday, October 6th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a dividend yield of 14.0%. Generation Development Group’s 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.