Supply Network Limited (ASX:SNL – Get Free Report) insider Gregory Forsyth sold 146,044 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was 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 company has a market capitalization of $1.57 billion, a price-to-earnings 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 current ratio of 2.74 and a quick ratio of 0.75.
Supply Network Increases Dividend
The firm also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This is a positive change from Supply Network’s previous Interim dividend of $0.23. This represents a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, March 19th. Supply Network’s dividend payout ratio is currently 71.79%.
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.
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