Supply Network Limited (ASX:SNL) Insider Peter McKenzie Sells 231,254 Shares

Supply Network Limited (ASX:SNL) insider Peter McKenzie sold 231,254 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of A$30.00 ($20.27), for a total value of A$6,937,620.00 ($4,687,581.08).

Supply Network Stock Performance

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 business also recently disclosed a Final dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.33 per share. This represents a dividend yield of 1.12%. The ex-dividend date was Tuesday, September 17th. This is an increase from Supply Network’s previous Final dividend of $0.28. Supply Network’s dividend payout ratio is 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.