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
Sean O'Neill | August 13, 2015 2:55pm
Is an 8% increase in profit and a 3.4% dividend a ‘Buy’ signal for Goodman Group (ASX:GMG)? More »
Sean O'Neill | June 25, 2015 10:56am
Goodman Group (ASX:GMG), Sonic Healthcare Limited (ASX:SHL) and Aurizon Holdings Ltd (ASX:AZJ) do not look like a bargain at today’s prices. More »
Sean O'Neill | June 10, 2015 3:30pm
Yields above 5% are on offer – is it time to buy Scentre Group Ltd (ASX:SCG), Goodman Group (ASX:GMG), and Westfield Corp Ltd (ASX:WFD)? More »
Sean O'Neill | May 7, 2015 1:57pm
Recent strong performance and long lease periods underpin the dividends of Goodman Group (ASX:GMG), GPT Group (ASX:GPT), and Scentre Group Ltd (ASX:SCG). More »
Sean O'Neill | August 22, 2014 11:41am
Amcor Limited (ASX:AMC), Goodman Group (ASX:GMG), and Sims Metal Management Ltd (ASX:SGM) have benefited from rises in investor sentiment this reporting season, but not... More »
Sean O'Neill | August 15, 2014 3:41pm
We take a closer look at the future prospects of Telstra Corporation Ltd (ASX:TLS), Sirtex Medical Limited (ASX:SRX), and Goodman Group (ASX:GMG). More »
Sean O'Neill | April 22, 2014 11:48am
This property developer and explosives manufacturer are often overlooked by investors. More »
Darryl Daté-Shappard | February 4, 2014 7:08am
Long-term growth, steady returns and financial strength make this business attractive. 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.