Smartgroup Co. Ltd (ASX:SIQ – Get Free Report) insider Deborah Homewood bought 3,382 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of A$8.86 ($5.90) per share, for a total transaction of A$29,947.61 ($19,965.07).
Smartgroup Stock Performance
The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 36.12.
Smartgroup Increases Dividend
The business also recently announced a Interim dividend, which will be paid on Sunday, September 22nd. Stockholders of record on Sunday, September 22nd will be issued a dividend of $0.175 per share. This represents a dividend yield of 1.98%. This is an increase from Smartgroup’s previous Interim dividend of $0.17. The ex-dividend date is Thursday, September 5th. Smartgroup’s dividend payout ratio is currently 67.31%.
About Smartgroup
Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.
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