Supply Network Limited (ASX:SNL – Get Free Report) insider Gregory Forsyth sold 146,044 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of A$37.75 ($23.74), for a total transaction of A$5,513,161.00 ($3,467,396.86).
Supply Network Price Performance
The company has a current ratio of 2.74, a quick ratio of 0.75 and a debt-to-equity ratio of 49.78. The stock has a market capitalization of $1.57 billion, a PE ratio of 46.94, a PEG ratio of -26.84 and a beta of 0.41.
Supply Network Increases Dividend
The firm also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Supply Network’s previous Interim dividend of $0.23. This represents a dividend yield of 0.91%. Supply Network’s dividend payout ratio is currently 71.79%.
About Supply Network
Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.
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