Insider Selling: Netwealth Group Limited (ASX:NWL) Insider Sells 22,948 Shares of Stock

Netwealth Group Limited (ASX:NWL) insider Davyd Lewis sold 22,948 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of A$21.79 ($14.72), for a total transaction of A$499,968.08 ($337,816.27).

Netwealth Group Price Performance

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

Netwealth Group Increases Dividend

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

About Netwealth Group

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.