Andrew Formica Purchases 10,750 Shares of Magellan Financial Group Limited (ASX:MFG) Stock

Magellan Financial Group Limited (ASX:MFG) insider Andrew Formica bought 10,750 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of A$8.98 ($5.68) per share, for a total transaction of A$96,535.00 ($61,098.10).

Magellan Financial Group Stock Performance

The company has a current ratio of 7.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.73 billion, a PE ratio of 5.57, a P/E/G ratio of -0.36 and a beta of 1.01.

Magellan Financial Group Cuts Dividend

The firm also recently announced a Interim dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a dividend yield of 2.95%. Magellan Financial Group’s dividend payout ratio (DPR) is presently 49.24%.

Magellan Financial Group Company Profile

Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.