Insider Selling: COG Financial Services Limited (ASX:COG) Insider Sells 20,000,000 Shares of Stock

COG Financial Services Limited (ASX:COG) insider Cameron McCullagh sold 20,000,000 shares of COG Financial Services stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of A$1.00 ($0.63), for a total transaction of A$20,000,000.00 ($12,578,616.35).

COG Financial Services Stock Performance

The company has a market cap of $210.92 million, a price-to-earnings ratio of 1.03 and a beta of 0.79. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 248.38.

COG Financial Services Cuts Dividend

The business also recently declared a Interim dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.03 per share. The ex-dividend date is Sunday, March 9th. This represents a dividend yield of 2.99%. COG Financial Services’s payout ratio is presently 128.57%.

About COG Financial Services

COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities in Australia. The company operates through: Finance Broking and Aggregation; and Funds Management and Lending segments. It also provides management of investment funds; provides financing arrangements to commercial customers for essential business assets; and managed IT services.