GrainCorp Limited (ASX:GNC – Get Free Report) insider Robert Spurway sold 65,528 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of A$7.73 ($4.89), for a total value of A$506,531.44 ($320,589.52).
GrainCorp Price Performance
The company has a quick ratio of 0.58, a current ratio of 1.56 and a debt-to-equity ratio of 96.29.
GrainCorp Cuts Dividend
The firm also recently disclosed a Final dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 11th were given a dividend of $0.24 per share. This represents a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, November 26th. GrainCorp’s payout ratio is 63.64%.
GrainCorp Company Profile
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.
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