Insider Buying: Telecom Plus Plc (LON:TEP) Insider Purchases £3,540,000 in Stock

Telecom Plus Plc (LON:TEP) insider Charles Wigoder purchased 200,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of GBX 1,770 ($22.59) per share, for a total transaction of £3,540,000 ($4,517,034.58).

Telecom Plus Trading Up 0.7 %

Shares of Telecom Plus stock opened at GBX 1,826 ($23.30) on Friday. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. Telecom Plus Plc has a 1-year low of GBX 1,356 ($17.30) and a 1-year high of GBX 1,932 ($24.65). The company’s fifty day simple moving average is GBX 1,767.98 and its 200-day simple moving average is GBX 1,798.95. The stock has a market capitalization of £1.44 billion, a PE ratio of 2,051.89, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 37 ($0.47) per share. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, December 5th. Telecom Plus’s dividend payout ratio (DPR) is 9,325.84%.

About Telecom Plus

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.