Anthony Mellowes Sells 443,003 Shares of Region Group (ASX:RGN) Stock

Region Group (ASX:RGN) insider Anthony Mellowes sold 443,003 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of A$2.25 ($1.53), for a total value of A$996,756.75 ($678,065.82).

Region Group Stock Performance

Region Group Cuts Dividend

The company also recently disclosed a Final dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a yield of 3.13%. Region Group’s payout ratio is 1,400.00%.

Region Group Company Profile

Region Group (RGN) includes two internally managed real estate investment trusts owning a portfolio of convenience-based retail properties located across Australia. Region invests in retail properties predominantly anchored by non-discretionary retailers, with long leases to tenants such as Woolworths Limited, Coles Limited and companies in the Wesfarmers Limited group.