John Maher Purchases 6,134 Shares of GrainCorp Limited (ASX:GNC) Stock

GrainCorp Limited (ASX:GNC) insider John Maher purchased 6,134 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of A$8.10 ($5.26) per share, for a total transaction of A$49,685.40 ($32,263.25).

GrainCorp Stock Performance

The company has a debt-to-equity ratio of 96.29, a current ratio of 1.56 and a quick ratio of 0.58.

GrainCorp Cuts Dividend

The firm also recently declared a Final dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.24 per share. This represents a dividend yield of 2.94%. The ex-dividend date is Tuesday, November 26th. GrainCorp’s dividend payout ratio is currently 63.64%.

About GrainCorp

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.