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
James Mickleboro | August 14, 2020 2:07pm
Here's why I would buy CSL Limited (ASX:CSL) and these blue chip ASX 200 shares in August... More »
Bernd Struben | August 11, 2020 1:56pm
The Goodman share price gained 14% in July, while many other real estate shares suffered. Here's why the Aussie property group prospered last month. More »
James Mickleboro | August 10, 2020 4:42pm
Here's why I would buy Goodman Group (ASX:GMG) and these ASX blue chip shares in August... More »
James Mickleboro | August 4, 2020 1:45pm
CSL Limited (ASX:CSL) and this ASX 50 share could be outstanding options for ASX investors right now. Here's why I would buy them... More »
Matthew Donald | July 31, 2020 12:45pm
The coronavirus has led to a change in consumer preferences and as a result I believe these 3 ASX shares could reward investors. More »
Sebastian Bowen | July 30, 2020 2:21pm
Here's why I think the Brickworks share price is dirt cheap right now, and why you might want to consider adding it to your... More »
Toby Thomas | July 29, 2020 4:56pm
The share price of Australia's largest REIT, Goodman Group, hit an all time high in afternoon trade. Is it too late to invest? More »
James Mickleboro | July 27, 2020 3:12pm
Here's why I think Cochlear Limited (ASX:COH) and this ASX 50 share could be top long term investment options for investors... More »
James Mickleboro | July 21, 2020 5:00pm
Here's why I think CSL Limited (ASX:CSL) and these ASX shares could be the best blue chip ASX shares to buy right now... 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.