Insider Buying: Wesfarmers (ASX:WES) Insider Purchases A$38,131.01 in Stock

Wesfarmers Limited (ASX:WES) insider Alan Cransberg bought 454 shares of the business’s stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of A$83.99 per share, for a total transaction of A$38,131.01.

Wesfarmers Price Performance

The firm has a market cap of $88.65 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.32 and a current ratio of 1.14.

Wesfarmers Increases Dividend

The firm also recently announced a Interim dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 30th will be paid a dividend of $1.02 per share. This is a positive change from Wesfarmers’s previous Interim dividend of $0.40. The ex-dividend date of this dividend is Monday, February 23rd. This represents a dividend yield of 121.0%. Wesfarmers’s dividend payout ratio (DPR) is currently 87.61%.

About Wesfarmers

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.