Servcorp Limited (ASX:SRV) Insider Acquires A$490,000.00 in Stock

Servcorp Limited (ASX:SRV) insider Alfred Moufarrige purchased 100,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of A$4.90 ($3.36) per share, with a total value of A$490,000.00 ($335,616.44).

Servcorp Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.79 and a debt-to-equity ratio of 190.73.

Servcorp Increases Dividend

The business also recently declared a Final dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be paid a $0.13 dividend. This is an increase from Servcorp’s previous Final dividend of $0.12. This represents a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 3rd. Servcorp’s payout ratio is 65.00%.

Servcorp Company Profile

Servcorp Limited provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services. It offers office space solutions; and virtual office services, including office business address, secretary and receptionist, mail forwarding, and telephone answering services.