IPD Group Limited (ASX:IPG – Get Free Report) declared a final dividend on Monday, September 16th, MarketIndexAU reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of 0.062 per share on Thursday, October 3rd. This represents a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from IPD Group’s previous final dividend of $0.05.
IPD Group Price Performance
The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 29.66.
Insider Buying and Selling at IPD Group
In other news, insider Mohamed Yoosuff sold 1,000,000 shares of IPD Group stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of A$5.10 ($3.40), for a total transaction of A$5,100,000.00 ($3,400,000.00). 29.39% of the stock is currently owned by company insiders.
About IPD Group
IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; manufacture and distribution of cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, Emerson, Red Lion, GE, Socomec, and DEHN.
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