Supply Network Limited (ASX:SNL – Get Free Report) insider Geoffrey Stewart sold 38,337 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of A$30.14 ($20.64), for a total transaction of A$1,155,477.18 ($791,422.73).
Supply Network Stock Performance
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 Final dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be paid a $0.33 dividend. This represents a dividend yield of 1.12%. The ex-dividend date is Tuesday, September 17th. This is an increase from Supply Network’s previous Final dividend of $0.28. Supply Network’s payout ratio is presently 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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