Cochlear Limited (ASX:COH) Insider Sells A$3,132,077.38 in Stock

Cochlear Limited (ASX:COH) insider Dig Howitt sold 10,982 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of A$285.20 ($188.87), for a total transaction of A$3,132,077.38 ($2,074,223.43).

Dig Howitt also recently made the following trade(s):

• On Friday, September 13th, Dig Howitt sold 2,314 shares of Cochlear stock. The stock was sold at an average price of A$288.92 ($191.34), for a total transaction of A$668,560.88 ($442,755.55).

Cochlear Price Performance

The company has a debt-to-equity ratio of 13.24, a quick ratio of 1.93 and a current ratio of 2.30.

Cochlear Increases Dividend

The business also recently announced a Final dividend, which was paid on Wednesday, October 9th. Investors of record on Wednesday, October 9th were given a dividend of $2.10 per share. This is a positive change from Cochlear’s previous Final dividend of $1.75. The ex-dividend date was Monday, September 16th. This represents a dividend yield of 0.72%. Cochlear’s dividend payout ratio is currently 77.35%.

About Cochlear

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. The company was founded in 1981 and is headquartered in Sydney, Australia.