Sarah Brennan Acquires 2,210 Shares of Netwealth Group Limited (ASX:NWL) Stock

Netwealth Group Limited (ASX:NWL) insider Sarah Brennan bought 2,210 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of A$22.61 ($15.38) per share, for a total transaction of A$49,968.10 ($33,991.90).

Netwealth Group Price Performance

The company has a debt-to-equity ratio of 10.32, a quick ratio of 6.18 and a current ratio of 5.12.

Netwealth Group Increases Dividend

The company also recently disclosed a Final dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Sunday, August 25th. This represents a dividend yield of 0.64%. This is an increase from Netwealth Group’s previous Final dividend of $0.13. Netwealth Group’s dividend payout ratio is currently 82.35%.

Netwealth Group Company Profile

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed portfolio services. The company also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions.