Insider Selling: Supply Network Limited (ASX:SNL) Insider Sells A$10,656,000.00 in Stock

Supply Network Limited (ASX:SNL) insider Gregory Forsyth sold 370,000 shares of Supply Network stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of A$28.80 ($19.73), for a total transaction of A$10,656,000.00 ($7,298,630.14).

Gregory Forsyth also recently made the following trade(s):

• On Tuesday, September 3rd, Gregory Forsyth sold 350,000 shares of Supply Network stock. The stock was sold at an average price of A$28.80 ($19.73), for a total transaction of A$10,080,000.00 ($6,904,109.59).

Supply Network Stock 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 business also recently declared a Final dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a $0.33 dividend. This represents a dividend yield of 1.12%. The ex-dividend date is Tuesday, September 17th. This is a positive change from Supply Network’s previous Final dividend of $0.28. Supply Network’s payout ratio is currently 71.79%.

About Supply Network

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.