Future Generation Australia Limited (ASX:FGX) Insider Purchases A$121,500.00 in Stock

Future Generation Australia Limited (ASX:FGX) insider Stephanie Lai acquired 100,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of A$1.22 ($0.80) per share, for a total transaction of A$121,500.00 ($79,934.21).

Future Generation Australia Price Performance

Future Generation Australia Increases Dividend

The firm also recently announced a Interim dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 28th were issued a $0.035 dividend. This represents a dividend yield of 2.77%. The ex-dividend date was Tuesday, October 15th. This is a positive change from Future Generation Australia’s previous Interim dividend of $0.03. Future Generation Australia’s dividend payout ratio is currently 58.33%.

About Future Generation Australia

Future Generation Investment Fund Limited is a closed ended fund of fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Bennelong Long Short Equity Management Pty Limited, Cooper Investors Pty Limited,Bennelong Australian Equity Partners Pty Ltd,Discovery Asset Management Pty Ltd,Eley Griffiths Group Pty Limited, Eley Griffiths Group Pty Limited, Kingston Funds Management Pty Limited, Lanyon Asset Management Pty Limited, LHC Capital Pty Ltd, Optimal Fund Management Australia Pty Ltd.