David Lamont Buys 100,000 Shares of Telstra Group Limited (ASX:TLS) Stock

Telstra Group Limited (ASX:TLS) insider David Lamont bought 100,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of A$4.19 ($2.65) per share, with a total value of A$418,800.00 ($265,063.29).

Telstra Group Price Performance

The firm has a market capitalization of $44.72 billion, a PE ratio of 27.57, a P/E/G ratio of 2.33 and a beta of 0.35. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 113.71.

Telstra Group Increases Dividend

The business also recently announced a Interim dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be paid a $0.095 dividend. This represents a yield of 2.29%. This is a boost from Telstra Group’s previous Interim dividend of $0.09. The ex-dividend date of this dividend is Tuesday, February 25th. Telstra Group’s dividend payout ratio (DPR) is presently 128.57%.

Telstra Group Company Profile

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, governments, and individuals in Australia and internationally. It operates through four segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, and Telstra InfraCo The company offers telecommunication, media and technology products and services to consumer and business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, a dealership network, digital channels, distribution systems and Telstra Plus customer loyalty program in Australia.