Scentre Group (ASX:SCG) Insider Craig Mitchell Buys 40,000 Shares

Scentre Group (ASX:SCG) insider Craig Mitchell acquired 40,000 shares of Scentre Group stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of A$3.38 ($2.10) per share, for a total transaction of A$135,200.00 ($83,975.16).

Scentre Group Stock Performance

The stock has a market capitalization of $18.81 billion, a PE ratio of 43.73, a P/E/G ratio of 2.07 and a beta of 1.58. The company has a current ratio of 0.29, a quick ratio of 0.34 and a debt-to-equity ratio of 89.86.

Scentre Group Increases Dividend

The company also recently announced a Final dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 27th were issued a $0.086 dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Scentre Group’s previous Final dividend of $0.08. Scentre Group’s dividend payout ratio is presently 212.50%.

About Scentre Group

Scentre Group owns and operates a leading portfolio of 42 Westfield destinations with 37 located in Australia and five in New Zealand encompassing more than 12,000 outlets. Our Westfield destinations are strategically located in the heart of the local communities we serve. Our centres are considered community hubs that connect people with services and experiences that enrich their daily lives.