Andrew Best Purchases 34,288 Shares of AMP Limited (ASX:AMP) Stock

AMP Limited (ASX:AMP) insider Andrew Best acquired 34,288 shares of the firm’s stock in a transaction dated Monday, February 17th. The shares were purchased at an average price of A$1.43 ($0.92) per share, with a total value of A$49,031.84 ($31,430.67).

AMP Stock Performance

The company has a debt-to-equity ratio of 125.36, a quick ratio of 0.17 and a current ratio of 6.68. The stock has a market cap of $4.43 billion, a P/E ratio of 68.75, a price-to-earnings-growth ratio of -12.07 and a beta of 0.67.

AMP Cuts Dividend

The firm also recently announced a Final dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd will be issued a $0.01 dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 0.7%. AMP’s payout ratio is currently 133.33%.

About AMP

AMP Limited provides banking, super, retirement, and advice services in Australia and New Zealand. It operates through AMP Bank, Platform, Master Trust, Advice, and New Zealand Wealth Management (NZWM) segments. The company provides superannuation, retirement, and investment solutions; pension solutions; and SignatureSuper, a retail master trust.