Heath Sharp Sells 530,000 Shares of Reliance Worldwide Co. Limited (ASX:RWC) Stock

Reliance Worldwide Co. Limited (ASX:RWC) insider Heath Sharp sold 530,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of A$4.92 ($3.06), for a total value of A$2,609,720.00 ($1,620,944.10).

Reliance Worldwide Price Performance

The firm has a market capitalization of $2.53 billion, a PE ratio of 27.48, a PEG ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 44.35, a current ratio of 2.77 and a quick ratio of 1.51.

Reliance Worldwide Increases Dividend

The firm also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, April 3rd will be paid a dividend of $0.04 per share. This represents a yield of 0.79%. This is a boost from Reliance Worldwide’s previous Interim dividend of $0.04. The ex-dividend date is Wednesday, March 5th. Reliance Worldwide’s dividend payout ratio is presently 33.33%.

Reliance Worldwide Company Profile

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.