Reliance Worldwide Co. Limited (ASX:RWC) Insider Sells A$2,609,720.00 in Stock

Reliance Worldwide Co. Limited (ASX:RWC) insider Heath Sharp sold 530,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of A$4.92 ($3.12), for a total value of A$2,609,720.00 ($1,651,721.52).

Reliance Worldwide Price Performance

The company has a debt-to-equity ratio of 44.35, a quick ratio of 1.51 and a current ratio of 2.77. The firm has a market capitalization of $2.53 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05.

Reliance Worldwide Increases Dividend

The business also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 0.79%. This is a boost from Reliance Worldwide’s previous Interim dividend of $0.04. Reliance Worldwide’s payout ratio is currently 33.33%.

Reliance Worldwide Company Profile

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.