Supply Network Limited (ASX:SNL) Insider Peter McKenzie Sells 261,105 Shares

Supply Network Limited (ASX:SNL) insider Peter McKenzie sold 261,105 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of A$37.84 ($23.80), for a total value of A$9,880,474.31 ($6,214,134.78).

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. The stock has a market cap of $1.57 billion, a PE ratio of 46.94, a PEG ratio of -26.84 and a beta of 0.41.

Supply Network Increases Dividend

The business also recently declared a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be given a $0.32 dividend. This is a boost from Supply Network’s previous Interim dividend of $0.23. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, March 19th. 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.