Smartgroup Co. Ltd (ASX:SIQ – Get Free Report) insider Mark Rigotti acquired 9,375 shares of the company’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of A$7.97 ($5.42) per share, with a total value of A$74,718.75 ($50,829.08).
Smartgroup Stock Performance
The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 34.82.
Smartgroup Increases Dividend
The business also recently disclosed a Interim dividend, which will be paid on Sunday, September 22nd. Shareholders of record on Sunday, September 22nd will be paid a dividend of $0.175 per share. This represents a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 5th. This is a positive change from Smartgroup’s previous Interim dividend of $0.17. Smartgroup’s dividend payout ratio (DPR) is 66.67%.
Smartgroup Company Profile
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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