Supply Network Limited (ASX:SNL) Insider Sells A$9,880,474.31 in Stock

Supply Network Limited (ASX:SNL) insider Peter McKenzie sold 261,105 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of A$37.84 ($23.80), for a total transaction of A$9,880,474.31 ($6,214,134.78).

Supply Network Stock Performance

The stock has a market cap of $1.57 billion, a P/E ratio of 46.94, a price-to-earnings-growth ratio of -26.84 and a beta of 0.41. The company has a debt-to-equity ratio of 49.78, a current ratio of 2.74 and a quick ratio of 0.75.

Supply Network Increases Dividend

The business also recently declared a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. This represents a dividend yield of 0.91%. The ex-dividend date is Wednesday, March 19th. This is an increase from Supply Network’s previous Interim dividend of $0.23. Supply Network’s dividend payout ratio (DPR) is presently 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.