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 dated Wednesday, March 26th. The stock was sold at an average price of A$37.84 ($23.80), for a total transaction of A$9,880,474.31 ($6,214,134.78).

Supply Network Price Performance

The company has a market capitalization of $1.57 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of -26.84 and a beta of 0.41. The company has a debt-to-equity ratio of 49.78, a current ratio of 2.74 and a quick ratio of 0.75.

Supply Network Increases Dividend

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