Nine Entertainment Co. Holdings Limited (ASX:NEC) Insider Catherine West Acquires 44,000 Shares of Stock

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Catherine West acquired 44,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of A$1.13 ($0.74) per share, for a total transaction of A$49,500.00 ($32,565.79).

Nine Entertainment Stock Performance

The company has a debt-to-equity ratio of 60.45, a current ratio of 1.03 and a quick ratio of 0.62.

Nine Entertainment Cuts Dividend

The company also recently declared a Final dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 23rd were paid a $0.045 dividend. This represents a dividend yield of 3.61%. The ex-dividend date was Wednesday, September 11th. Nine Entertainment’s dividend payout ratio is 128.57%.

About Nine Entertainment

Nine Entertainment Co Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.