COG Financial Services Limited (ASX:COG) Insider Sells A$20,000,000.00 in Stock

COG Financial Services Limited (ASX:COG) insider Cameron McCullagh sold 20,000,000 shares of COG Financial Services stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of A$1.00 ($0.63), for a total value of A$20,000,000.00 ($12,578,616.35).

COG Financial Services Price Performance

The company has a debt-to-equity ratio of 248.38, a current ratio of 0.70 and a quick ratio of 0.47. The stock has a market capitalization of $210.92 million, a price-to-earnings ratio of 1.03 and a beta of 0.79.

COG Financial Services Cuts Dividend

The business also recently announced a Interim dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be given a $0.03 dividend. This represents a yield of 2.99%. The ex-dividend date of this dividend is Sunday, March 9th. COG Financial Services’s dividend payout ratio (DPR) is presently 128.57%.

About COG Financial Services

COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities in Australia. The company operates through: Finance Broking and Aggregation; and Funds Management and Lending segments. It also provides management of investment funds; provides financing arrangements to commercial customers for essential business assets; and managed IT services.