Insider Buying: GTN Limited (ASX:GTN) Insider Purchases 21,505,375 Shares of Stock

GTN Limited (ASX:GTN) insider Craig Coleman purchased 21,505,375 shares of the business’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of A$0.47 ($0.31) per share, for a total transaction of A$9,999,999.38 ($6,666,666.25).

Craig Coleman also recently made the following trade(s):

• On Tuesday, June 25th, Craig Coleman purchased 5,000,000 shares of GTN stock. The shares were purchased at an average cost of A$0.38 ($0.25) per share, for a total transaction of A$1,875,000.00 ($1,250,000.00).

GTN Price Performance

The company has a debt-to-equity ratio of 5.34, a current ratio of 1.66 and a quick ratio of 1.98.

GTN Increases Dividend

The business also recently announced a Final dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th will be issued a $0.017 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a dividend yield of 3.54%. This is a positive change from GTN’s previous Final dividend of $0.01. GTN’s payout ratio is presently 100.00%.

GTN Company Profile

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.