Insider Selling: Aussie Broadband (ASX:ABB) Insider Sells A$2,555,000.00 in Stock

Aussie Broadband Limited (ASX:ABB) insider Phillip Britt sold 500,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of A$5.11, for a total transaction of A$2,555,000.00.

Phillip Britt also recently made the following trade(s):

• On Wednesday, February 25th, Phillip Britt sold 500,000 shares of Aussie Broadband stock. The stock was sold at an average price of A$5.00, for a total transaction of A$2,500,000.00.

Aussie Broadband Price Performance

The company has a market capitalization of $1.47 billion, a PE ratio of 55.52, a price-to-earnings-growth ratio of 0.32 and a beta of 0.55. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 50.21.

Aussie Broadband Announces Dividend

The firm also recently disclosed a Interim dividend, which will be paid on Sunday, March 22nd. Investors of record on Sunday, March 22nd will be issued a $0.024 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 47.0%. Aussie Broadband’s dividend payout ratio (DPR) is presently 64.00%.

About Aussie Broadband

Aussie Broadband Limited provides telecommunications services to residential and businesses in Australia. It operates in four segments: Residential, Business, Wholesale, and Enterprise & Government. The company offers g fixed broadband, telephony, mobile, and other value add services; and connectivity, voice, managed network, security, cloud, and support services. It also provides a range of other telecommunications services, including voice over internet protocol (VoIP), mobile plans and headsets, and entertainment bundles to residential, small business, and enterprise customers.