GPT Group (ASX:GPT) to Issue Interim Dividend of $0.13

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GPT Group (ASX:GPT) declared a interim dividend on Wednesday, June 19th, MarketIndexAU reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.131 per share on Friday, August 30th. This represents a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, June 27th.

Shares of GPT traded down A$0.02 ($0.01) during midday trading on Wednesday, hitting A$6.36 ($4.51). 19,085,625 shares of the stock were exchanged, compared to its average volume of 5,740,000. GPT Group has a 52-week low of A$4.83 ($3.43) and a 52-week high of A$6.34 ($4.50). The stock’s fifty day moving average is A$5.99. The firm has a market cap of $11.48 billion and a price-to-earnings ratio of 7.92. The company has a current ratio of 0.24, a quick ratio of 0.17 and a debt-to-equity ratio of 41.97.

In other news, insider Robert (Bob) Johnston 585,864 shares of the company’s stock in a transaction that occurred on Friday, May 24th.

GPT Group Company Profile

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $24 billion portfolio of offices, logistics, business parks and prime shopping centres across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

Further Reading: Are all No-Load Funds Equal?

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