Insider Selling: Vulcan Steel Limited (ASX:VSL) Insider Sells 62,297 Shares of Stock

Vulcan Steel Limited (ASX:VSL) insider Adrian Casey sold 62,297 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of A$8.06 ($5.01), for a total value of A$502,113.82 ($311,871.94).

Vulcan Steel Stock Performance

The company has a debt-to-equity ratio of 343.03, a current ratio of 3.15 and a quick ratio of 0.86. The stock has a market capitalization of $1.11 billion, a PE ratio of 28.92, a P/E/G ratio of 0.47 and a beta of 1.06.

Vulcan Steel Cuts Dividend

The firm also recently announced a Interim dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.02 per share. This represents a yield of 0.26%. The ex-dividend date is Wednesday, March 12th. Vulcan Steel’s payout ratio is 77.78%.

About Vulcan Steel

Vulcan Steel Limited, together with its subsidiaries, engages in the sale and distribution of steel and metal products in New Zealand and Australia. The company operates through Steel and Metals segments. It sells hollows; merchant products, including bars, beams, angles, channels, and unprocessed coils and plates; stainless steel products, such as hollows, bars, fittings, and sheets; and high-performance steel and metal products.