Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider David Dixon purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of A$10.24 ($6.92) per share, for a total transaction of A$30,720.00 ($20,756.76).
Magellan Financial Group Price Performance
The company has a current ratio of 7.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75.
Magellan Financial Group Cuts Dividend
The firm also recently declared a Final dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd will be paid a $0.357 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a dividend yield of 3.33%. Magellan Financial Group’s dividend payout ratio (DPR) is presently 53.79%.
About Magellan Financial Group
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
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