Supply Network Limited (ASX:SNL – Get Free Report) insider Geoffrey Stewart sold 38,337 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of A$30.14 ($20.64), for a total transaction of A$1,155,477.18 ($791,422.73).
Supply Network Price Performance
The company has a debt-to-equity ratio of 49.78, a quick ratio of 0.75 and a current ratio of 2.74.
Supply Network Increases Dividend
The company also recently disclosed a Final dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be paid a $0.33 dividend. This represents a dividend yield of 1.12%. This is a boost from Supply Network’s previous Final dividend of $0.28. The ex-dividend date is Tuesday, September 17th. Supply Network’s payout ratio 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.
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