Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Buys A$16,153.79 in Stock

Coventry Group Ltd (ASX:CYG) insider Neil Cathie acquired 12,164 shares of the company’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of A$1.33 ($0.85) per share, for a total transaction of A$16,153.79 ($10,289.04).

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

• On Friday, October 11th, Neil Cathie purchased 29,401 shares of Coventry Group stock. The shares were bought at an average cost of A$1.24 ($0.79) per share, for a total transaction of A$36,339.64 ($23,146.26).

Coventry Group Price Performance

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

Coventry Group Increases Dividend

The business also recently declared a Final dividend, which was paid on Thursday, October 10th. Stockholders 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 dividend payout ratio is 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.