Supply Network Limited (ASX:SNL) Raises Dividend to $0.33 Per Share

Supply Network Limited (ASX:SNL) declared a final dividend on Friday, September 13th, MarketIndexAU reports. Shareholders of record on Wednesday, October 2nd will be paid a dividend of 0.33 per share on Wednesday, October 2nd. This represents a yield of 1.12%. The ex-dividend date is Tuesday, September 17th. This is a boost from Supply Network’s previous final dividend of $0.28.

Supply Network Stock Performance

The company has a current ratio of 2.74, a quick ratio of 0.75 and a debt-to-equity ratio of 49.78.

Insider Buying and Selling at Supply Network

In other Supply Network news, insider Gregory Forsyth sold 350,000 shares of Supply Network stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of A$28.80 ($19.20), for a total transaction of A$10,080,000.00 ($6,720,000.00). In related news, insider Peter Gill sold 20,000 shares of Supply Network stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of A$29.25 ($19.50), for a total value of A$585,000.00 ($390,000.00). Also, insider Gregory Forsyth sold 350,000 shares of Supply Network stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of A$28.80 ($19.20), for a total transaction of A$10,080,000.00 ($6,720,000.00). Company insiders own 65.71% of the company’s stock.

Supply Network Company Profile

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.