GTN Limited (ASX:GTN) Raises Dividend to $0.03 Per Share

GTN Limited (ASX:GTNGet Free Report) announced a interim dividend on Tuesday, February 25th, MarketIndexAU Dividends reports. Shareholders of record on Wednesday, March 26th will be paid a dividend of 0.025 per share on Wednesday, March 26th. This represents a yield of 4.75%. The ex-dividend date is Wednesday, March 5th. This is a positive change from GTN’s previous interim dividend of $0.01.

GTN Stock Performance

The company has a market capitalization of $105.06 million, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.20 and a beta of 1.30. The company has a debt-to-equity ratio of 5.34, a current ratio of 1.66 and a quick ratio of 1.98.

Insider Transactions at GTN

In related news, insider Craig Coleman sold 49,868,854 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of A$0.47 ($0.29), for a total value of A$23,189,017.11 ($14,676,593.11). Insiders own 3.65% of the company’s stock.

About GTN

(Get Free Report)

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.

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Dividend History for GTN (ASX:GTN)

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