Goodman Group (ASX: GMG) Share Price and News
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Goodman Group (ASX: GMG) is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil.
The group was formed following the merger of Macquarie Goodman Industrial Trust and Macquarie Goodman Management in 2005. GMG operates four divisions: Property Investment, Fund Management, Property Services and Property Development. As at 30th June 2018, GMG had $38.3 billion assets under management and 366 properties.
Goodman Group is now the largest REIT (real estate investment trust) in Australia, which makes GMG shares a favourite of listed property enthusiasts. GMG shares first listed on the ASX on 2 February 2005 and the GMG share price has risen exponentially since then. The group now takes its place as one of the largest companies on the sharemarket.
Goodman Group (ASX: GMG) Latest News
Motley Fool Staff | June 19, 2017 11:14am
The Goodman Group (ASX:GMG) share price has climbed to a new 10-year high of $8.66 per share. More »
Sean O'Neill | April 10, 2017 9:15am
Should you buy shares in Goodman Group (ASX:GMG), a2 Milk Company Ltd (Australia) (ASX:A2M), and Ardent Leisure Group (ASX:AAD)? More »
Tristan Harrison | December 19, 2016 11:20am
Scentre Group (ASX:SCG) and BWP Trust (ASX:BWP) are 2 of 3 trusts to keep your eye on in 2017. More »
Sean O'Neill | December 13, 2016 1:02pm
Think Goodman Group (ASX:GMG) or Westfield Corp Ltd (ASX:WFD) is a good idea today? Look twice before you buy. More »
Tristan Harrison | November 1, 2016 10:16am
Goodman Group (ASX:GMG) and BWP Trust (ASX:BWP) could be in the buy zone. More »
Sean O'Neill | September 24, 2016 5:55am
The stress on the Chinese lending system could have profound impacts on a number of stocks including Blackmores Limited (ASX:BKL), Rio Tinto Limited (ASX:RIO),... More »
Tim McArthur | July 4, 2016 11:33am
Westfield Corp Ltd (ASX:WFD), Stockland Corporation Ltd (ASX:SGP) and Goodman Group (ASX:GMG) outperformed the index average over the past 12 months. More »
Christopher Georges | March 14, 2016 2:34pm
Which shares will benefit as Australia's economy moves away from resources and mining? More »
Will Goodman Group pay a dividend in 2020?
Because Goodman Group is a real estate investment trust (REIT), its payments are generally called distributions rather than dividends. The company paid an interim distribution of 15 cents per unit in late February 2020. Goodman Group has also declared a final distribution of 15 cents to be paid on 28 August 2020. The REIT began paying distributions in 2007, two years after listing on the ASX. All the company’s payments to date, with the exception of one, have been unfranked. The group’s policy is to distribute around 50% of operating earnings and taxable income for the full year.
Does Goodman Group offer a DRP?
Goodman Group has operated a distribution reinvestment plan in the past however, as at June 2020 and ever since late 2016, the plan has been suspended.