Supply Network Limited (ASX:SNL – Get Free Report) insider Peter McKenzie sold 231,254 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of A$30.00 ($20.27), for a total transaction of A$6,937,620.00 ($4,687,581.08).
Supply Network Stock Performance
The company has a current ratio of 2.74, a quick ratio of 0.75 and a debt-to-equity ratio of 49.78.
Supply Network Increases Dividend
The business also recently announced a Final dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.33 per share. This is a positive change from Supply Network’s previous Final dividend of $0.28. This represents a dividend yield of 1.12%. The ex-dividend date was Tuesday, September 17th. Supply Network’s payout ratio is presently 71.79%.
Supply Network Company Profile
Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.
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