Warrick Ranson Acquires 1,634 Shares of Korvest Ltd (ASX:KOV) Stock

Korvest Ltd (ASX:KOV) insider Warrick Ranson purchased 1,634 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were acquired at an average cost of A$9.95 ($6.63) per share, with a total value of A$16,258.30 ($10,838.87).

Warrick Ranson also recently made the following trade(s):

• On Wednesday, September 18th, Warrick Ranson bought 866 shares of Korvest stock. The shares were acquired at an average cost of A$9.90 ($6.60) per share, for a total transaction of A$8,573.40 ($5,715.60).

Korvest Price Performance

The company has a current ratio of 3.09, a quick ratio of 1.41 and a debt-to-equity ratio of 17.74.

Korvest Increases Dividend

The business also recently announced a Final dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, September 5th were given a $0.40 dividend. This represents a dividend yield of 3.81%. This is an increase from Korvest’s previous Final dividend of $0.35. The ex-dividend date of this dividend was Wednesday, August 14th. Korvest’s dividend payout ratio (DPR) is 69.15%.

About Korvest

Korvest Ltd, together with its subsidiaries, engages in the hot dip galvanizing and sheet metal fabrication businesses in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, which include channel, cable trays, cable ladders, cable mesh and ducts, and general and heavy duty pipe clamps and hangers, as well as specialist pipe supports products, other fittings, fasteners, and clamping components under the EzyStrut name.