Insider Buying: Reliance Worldwide (ASX:RWC) Insider Buys 9,000 Shares of Stock

Reliance Worldwide Co. Limited (ASX:RWC) insider Brad Soller acquired 9,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were acquired at an average cost of A$3.31 per share, with a total value of A$29,790.00.

Reliance Worldwide Stock Performance

The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.42 and a beta of 1.05. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 44.35.

Reliance Worldwide Dividend Announcement

The business also recently disclosed a Interim dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend is Sunday, March 1st. This represents a yield of 83.0%. Reliance Worldwide’s dividend payout ratio (DPR) is presently 33.33%.

About Reliance Worldwide

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.