REA Group shares fade after early spike; buyback start and March dividend date now in focus
REA Group shares closed down 0.6% at A$167.12 after rising as much as 5.2% early Monday, as investors weighed softer listing guidance and a cut in analyst targets. The company announced a fully franked interim dividend of A$1.24 per share, ex-dividend March 3, and plans a buyback of up to A$200 million starting Feb. 23.