Insider Selling: Netwealth Group Limited (ASX:NWL) Insider Sells A$499,968.08 in Stock

Netwealth Group Limited (ASX:NWL) insider Davyd Lewis sold 22,948 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of A$21.79 ($14.72), for a total value of A$499,968.08 ($337,816.27).

Netwealth Group Stock Performance

The company has a quick ratio of 6.18, a current ratio of 5.12 and a debt-to-equity ratio of 10.32.

Netwealth Group Increases Dividend

The company also recently declared a Final dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Sunday, August 25th. This represents a yield of 0.64%. This is an increase from Netwealth Group’s previous Final dividend of $0.13. Netwealth Group’s payout ratio is currently 82.35%.

About Netwealth Group

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed portfolio services. The company also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions.