Goodman Group (ASX: GMG) Share Price and News
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Goodman Group (ASX: GMG) Latest News
Tristan Harrison | January 20, 2020 11:38am
Lina Lim | January 20, 2020 8:36am
Motley Fool Staff | January 12, 2020 2:00pm
About Goodman Group (ASX: GMG)
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.
Director TransactionsData provided by Morningstar.
Directors & ManagementData provided by Morningstar.
Top Share HoldersData provided by Morningstar.
|Hsbc Custody Nominees (Australia) Limited||670,060,442||36.65%|
|J P Morgan Nominees Australia Limited||571,388,896||31.25%|
|Citicorp Nominees Pty Limited||179,918,145||9.84%|
|National Nominees Limited||75,849,497||4.15%|
|BNP Paribas Noms Pty Ltd <Agency Lending DRP NC>||60,218,933||3.29%|
|BNP Paribas Noms Pty Ltd <Drp>||37,845,045||2.07%|
|Citicorp Nominees Ply Limited <Colonial First State Inv NC>||33,312,954||1.82%|
|Trlson Investments Pty Ltd||16,874,053||0.92%|
|Beeside Pty Limited <The Beeside NC>||13,192,040||0.72%|
|Australian Foundation Investment Company Limited||6,685,000||0.37%|
|HSBC Custody Nominees (Australia) Limited <NT-Commonwealth Super Corp NC>||4,442,239||0.24%|
|BNP Paribas Noms (Nz) Ltd <Drp>||4,270,200||0.23%|
|Ubs Nominees Pty Ltd||4,179,793||0.23%|
|HSBC Custody Nominees (Australia) Limited Gsco Eca||3,988,844||0.22%|
|HSBC Custody Nominees (Australia) Limited (I)||3,083,279||0.17%|
|AMP Life Limited||2,661,539||0.15%|
|Custodial Services Limited <Beneficiaries Holding Nc>||2,383,741||0.13%|
|BNP Paribas Nominees Pty Ltd HUB24 Custodial Sery Ltd <DRP NC>||1,783,081||0.10%|
|Milton Corporation Limited||1,690,376||0.09%|
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.