Insider Buying: Myer Holdings Limited (ASX:MYR) Insider Purchases 43,212 Shares of Stock

Myer Holdings Limited (ASX:MYR) insider Gary Weiss bought 43,212 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of A$0.84 ($0.53) per share, for a total transaction of A$36,298.08 ($22,973.47).

Myer Price Performance

The company has a debt-to-equity ratio of 638.94, a quick ratio of 0.40 and a current ratio of 0.90. The company has a market capitalization of $1.43 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 0.47 and a beta of 2.07.

Myer Increases Dividend

The company also recently announced a Interim dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 19th will be paid a $0.025 dividend. This represents a dividend yield of 2.81%. This is an increase from Myer’s previous Interim dividend of $0.01. The ex-dividend date is Thursday, January 23rd. Myer’s payout ratio is presently 80.00%.

About Myer

Myer Holdings Limited, together with its subsidiaries, engages in the operation of offline and online department stores under the Myer brand name in Australia. It offers womenswear, menswear, kids wear, homewares, beauty products, travel products, electrical goods, toys, and gift products. The company also provides beauty, grooming, gift registry, clothes alteration, formal hire, and breast cancer screening services; and operates in-store cafés and restaurants.