Supply Network Limited (ASX:SNL – Get Free Report) insider Gregory Forsyth sold 146,044 shares of Supply Network stock in a transaction on Friday, March 21st. The shares were sold at an average price of A$37.75 ($23.74), for a total transaction of A$5,513,161.00 ($3,467,396.86).
Supply Network Stock Performance
The firm has a market cap 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 quick ratio of 0.75 and a current ratio of 2.74.
Supply Network Increases Dividend
The company also recently disclosed a Interim dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a yield of 0.91%. This is a boost from Supply Network’s previous Interim dividend of $0.23. The ex-dividend date of this dividend is Wednesday, March 19th. Supply Network’s payout ratio is presently 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.
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