Supply Network Limited (ASX:SNL – Get Free Report) insider Peter McKenzie sold 261,105 shares of Supply Network stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of A$37.84 ($23.80), for a total value of A$9,880,474.31 ($6,214,134.78).
Supply Network Stock Performance
The company has a debt-to-equity ratio of 49.78, a current ratio of 2.74 and a quick ratio of 0.75. The firm has a market capitalization of $1.57 billion, a PE ratio of 46.94, a PEG ratio of -26.84 and a beta of 0.41.
Supply Network Increases Dividend
The business also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a dividend yield of 0.91%. This is a positive change from Supply Network’s previous Interim dividend of $0.23. Supply Network’s payout ratio is presently 71.79%.
About Supply Network
Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.
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