Insider Buying: Telstra Group Limited (ASX:TLS) Insider Purchases 100,000 Shares of Stock

Telstra Group Limited (ASX:TLS) insider David Lamont acquired 100,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of A$4.19 ($2.63) per share, for a total transaction of A$418,800.00 ($263,396.23).

Telstra Group Stock Performance

The stock has a market capitalization of $44.72 billion, a PE ratio of 27.57, a PEG ratio of 2.33 and a beta of 0.35. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.52 and a current ratio of 0.53.

Telstra Group Increases Dividend

The company also recently disclosed a Interim dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.095 per share. This is an increase from Telstra Group’s previous Interim dividend of $0.09. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a yield of 2.29%. Telstra Group’s dividend payout ratio is currently 128.57%.

Telstra Group Company Profile

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, governments, and individuals in Australia and internationally. It operates through four segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, and Telstra InfraCo The company offers telecommunication, media and technology products and services to consumer and business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, a dealership network, digital channels, distribution systems and Telstra Plus customer loyalty program in Australia.