Valad Property Group
Valad Property Group (VPG) is a specialist passive property owner, properly developer and trader with operations mainly held in Australia, New Zealand and Europe and also in UK. The Group also manages property funds and provides capital services. Valad Property Group listed on the Australian Stock Exchange on 13th of December, 2002. The Company operates 30 local offices across 17 countries engaged in the management of around A$18 billion of assets. The Company focuses its development through four business segments.
Peter Hurley of Valad Property Group (ASX:VPG) ceased his employment and directorship of all group companies effective today. The company stated that they have reached mutually agreed terms with Hurley, who is expected to receive a total payment of $1.9 million, including $940,000 as termination payment.
Peruse the dividend history for VALAD PROPERTY GROUP. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
Here is an update on the Australian REIT Monthly (April 2008) provided by Australian market analyst UBS
Australian REIT Monthly
Month in review - April 2008
April 2008: Slight relative underperformance but in the black:The S&P/ASX 300 Prop Accum index was up 4.2% in Apr'08, underperforming the S&P/ASX 300 Accum index by 0.3%. LPT's have under performed the broader Australian market over a 3 mth (-1.7%), 6 mth (-10.8%), 1 yr (-17.7%), 5 yr (-7.8%) and 10 yr (-1.8%) period.
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