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Goodman eyes increased dividend

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Goodman Group today posted an operating profit before significant items of $653.5m for the 2015 financial year, an increase of 8.7 per cent on the prior year and in line with the market consensus forecast.

The commercial and industrial property group lifted statutory profit 84 per cent to $1.2 billion, after property revaluations and foreign exchange movements were taken into account.

Total assets under management rose 13 per cent during the year to $30.3bn.

Goodman said it will pay a final dividend of 11.1c, bringing the full year's distribution to 22.2c -- an increase on last year's 20.7c payout. The group forecast a full year dividend of 23.8c for the coming year.

Goodman also said it is eyeing an increase to operating earnings per share, looking to lift the figure by 6 per cent over the coming year to 39.4c, amid an expected continuation of current market conditions.

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Property group forecasts earnings growth of 6%, sees current market conditions continuing.

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