Coventry Group Ltd (ASX:CYG) Insider Neil Cathie Buys 25,000 Shares

Coventry Group Ltd (ASX:CYG) insider Neil Cathie purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of A$1.22 ($0.76) per share, for a total transaction of A$30,400.00 ($19,000.00).

Neil Cathie also recently made the following trade(s):

• On Friday, December 6th, Neil Cathie acquired 12,164 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.33 ($0.83) per share, for a total transaction of A$16,153.79 ($10,096.12).
• On Friday, October 11th, Neil Cathie bought 29,401 shares of Coventry Group stock. The shares were acquired at an average cost of A$1.24 ($0.77) per share, with a total value of A$36,339.64 ($22,712.27).

Coventry Group Stock Performance

The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 94.64.

Coventry Group Increases Dividend

The business also recently announced a Final dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.037 per share. This represents a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Coventry Group’s previous Final dividend of $0.04. Coventry Group’s payout ratio is presently 400.00%.

Coventry Group Company Profile

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.