Australia's Peet tumbles on ex-dividend trade

Ingenia Communities

08/09/2026 02:43

** Shares of Peet PPC.AX fall as much as 7.2% to A$1.633, their lowest since June 17
** Stock on track for third straight day of losses
** Community developer trades ex-dividend
** Co declared a final dividend of 6.5 Australian cents per share
** Peet was offered a takeover bid from property developer Ingenia Communities INA.AX at A$992.5 million ($716.09 million) valuation
** Stock down 16.9% YTD, including the day's moves

($1 = 1.3860 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))