AMP Limited (ASX:AMP) Insider Andrew Best Purchases 34,288 Shares

AMP Limited (ASX:AMP) insider Andrew Best acquired 34,288 shares of AMP stock in a transaction that occurred on Monday, February 17th. The stock was bought at an average cost of A$1.43 ($0.91) per share, with a total value of A$49,031.84 ($31,230.47).

AMP Stock Performance

The stock has a market capitalization of $4.43 billion, a P/E ratio of 68.75, a PEG ratio of -12.07 and a beta of 0.67. The company has a debt-to-equity ratio of 125.36, a quick ratio of 0.17 and a current ratio of 6.68.

AMP Cuts Dividend

The business also recently disclosed a Final dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a dividend yield of 0.7%. AMP’s dividend payout ratio is presently 133.33%.

AMP Company Profile

AMP Limited provides banking, super, retirement, and advice services in Australia and New Zealand. It operates through AMP Bank, Platform, Master Trust, Advice, and New Zealand Wealth Management (NZWM) segments. The company provides superannuation, retirement, and investment solutions; pension solutions; and SignatureSuper, a retail master trust.