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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.


TSX:GDC - Post by User

Comment by DanGood38on Apr 18, 2021 9:04pm
127 Views
Post# 33019938

RE:GDC 52 week highs

RE:GDC 52 week highsYou can even look at GDC as an income stock as it has paid $1.10 in dividends over the past 5 years or on average 22 cents per share per year. This is equivalent to a yield of 7% on a $3 stock. Since these dividends are "special" GDC doesn't show as a dividend paying stock. But according to management the return to shareholders of excess cash is one of their main goals.
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