Nine Entertainment (ASX:NEC) Insider Purchases 47,250 Shares

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Timothy (Tim) Longstaff purchased 47,250 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of A$1.07 per share, for a total transaction of A$50,321.25.

Nine Entertainment Price Performance

The company has a debt-to-equity ratio of 67.98, a current ratio of 1.03 and a quick ratio of 0.62. The firm has a market capitalization of $2.37 billion, a PE ratio of 21.74, a P/E/G ratio of -214.80 and a beta of 1.07.

Nine Entertainment Announces Dividend

The firm also recently declared a Interim dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.045 per share. This represents a dividend yield of 423.0%. The ex-dividend date of this dividend is Sunday, March 8th. Nine Entertainment’s dividend payout ratio (DPR) is 128.57%.

About Nine Entertainment

Nine Entertainment Co Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.