Supply Network Limited (ASX:SNL – Get Free Report) insider Geoffrey Stewart sold 38,337 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of A$30.14 ($20.64), for a total value of A$1,155,477.18 ($791,422.73).
Supply Network Stock Performance
The company has a debt-to-equity ratio of 49.78, a quick ratio of 0.75 and a current ratio of 2.74.
Supply Network Increases Dividend
The firm also recently declared a Final dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a $0.33 dividend. This is an increase from Supply Network’s previous Final dividend of $0.28. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, September 17th. Supply Network’s dividend payout ratio (DPR) is currently 71.79%.
Supply Network Company Profile
Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.
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