Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Buys 10,000 Shares of Stock

Coventry Group Ltd (ASX:CYG) insider Robert Bulluss purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of A$1.30 ($0.83) per share, for a total transaction of A$13,000.00 ($8,280.25).

Robert Bulluss also recently made the following trade(s):

• On Friday, November 15th, Robert Bulluss acquired 10,000 shares of Coventry Group stock. The shares were purchased at an average cost of A$1.34 ($0.85) per share, with a total value of A$13,420.00 ($8,547.77).

Coventry Group Stock Performance

The company has a debt-to-equity ratio of 94.64, a quick ratio of 0.57 and a current ratio of 1.30.

Coventry Group Increases Dividend

The company also recently disclosed a Final dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were issued a $0.037 dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 2.88%. This is a positive change from Coventry Group’s previous Final dividend of $0.04. Coventry Group’s dividend payout ratio (DPR) is 400.00%.

About Coventry Group

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.