Jamie Pherous Sells 400,000 Shares of Corporate Travel Management Limited (ASX:CTD) Stock

Corporate Travel Management Limited (ASX:CTD) insider Jamie Pherous sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of A$17.32 ($10.96), for a total transaction of A$6,928,000.00 ($4,384,810.13).

Corporate Travel Management Price Performance

The company has a market capitalization of $2.23 billion, a PE ratio of 26.23, a P/E/G ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.11 and a current ratio of 1.34.

Corporate Travel Management Cuts Dividend

The business also recently disclosed a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, February 27th. This represents a dividend yield of 0.58%. Corporate Travel Management’s payout ratio is 50.00%.

About Corporate Travel Management

Corporate Travel Management Limited, a travel management solutions company, manages the procurement and delivery of travel services. It operates through four segments: Australia and New Zealand, North America, Asia, and Europe. The company provides corporate and event travel management, leisure travel, loyalty travel, and wholesale travel services, as well as accommodation agency services.