Reece Limited (ASX:REH – Get Free Report) insider Gavin Street bought 2,237 shares of Reece stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of A$18.34 ($11.61) per share, for a total transaction of A$41,026.58 ($25,966.19).
Reece Price Performance
The firm has a market capitalization of $14.51 billion, a P/E ratio of 34.61, a PEG ratio of 1.37 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 47.17.
Reece Cuts Dividend
The firm also recently declared a Interim dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a yield of 0.36%. Reece’s payout ratio is 40.00%.
About Reece
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.
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