Orica Limited (ASX:ORI) Insider Sanjeev Gandhi Acquires 224,719 Shares

Orica Limited (ASX:ORIGet Free Report) insider Sanjeev Gandhi bought 224,719 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of A$18.00 ($11.76) per share, with a total value of A$4,044,942.00 ($2,643,752.94).

Orica Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.69 and a debt-to-equity ratio of 50.04.

Orica Increases Dividend

The company also recently disclosed a Final dividend, which will be paid on Sunday, December 22nd. Stockholders of record on Sunday, December 22nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Orica’s previous Final dividend of $0.25. This represents a dividend yield of 1.55%. Orica’s dividend payout ratio is 34.55%.

About Orica

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Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.

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