IPD Group Limited (ASX:IPG – Get Free Report) declared a final dividend on Monday, September 16th, MarketIndexAU reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.062 per share on Thursday, October 3rd. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from IPD Group’s previous final dividend of $0.05.
IPD Group Stock Performance
The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 29.66.
Insider Buying and Selling at IPD Group
In other news, insider Mohamed Yoosuff sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of A$5.10 ($3.40), for a total transaction of A$5,100,000.00 ($3,400,000.00). Insiders own 29.39% of the company’s stock.
About IPD Group
IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; manufacture and distribution of cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, Emerson, Red Lion, GE, Socomec, and DEHN.
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