Abacus Property Group (ASX:ABP) Insider Myra Salkinder Purchases 14,600,000 Shares

Abacus Property Group (ASX:ABPGet Rating) insider Myra Salkinder acquired 14,600,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was acquired at an average price of A$2.61 ($1.83) per share, for a total transaction of A$38,106,000.00 ($26,647,552.45).

Abacus Property Group Price Performance

The company has a debt-to-equity ratio of 48.82, a current ratio of 1.80 and a quick ratio of 1.60.

Abacus Property Group Increases Dividend

The firm also recently disclosed a Final dividend, which was paid on Tuesday, August 30th. Investors of record on Tuesday, August 30th were issued a $0.092 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This is a boost from Abacus Property Group’s previous Final dividend of $0.09. This represents a yield of 3.4%. Abacus Property Group’s dividend payout ratio is currently 29.51%.

Abacus Property Group Company Profile

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Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors. We invest capital in real estate opportunities to deliver superior long term returns and maximise securityholder value. Abacus is a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value.

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