Michael Arnett Sells 112,734 Shares of NRW (ASX:NWH) Stock

NRW Holdings Limited (ASX:NWH) insider Michael Arnett sold 112,734 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of A$4.86, for a total value of A$548,112.71.

Michael Arnett also recently made the following trade(s):

• On Tuesday, October 14th, Michael Arnett sold 100,000 shares of NRW stock. The shares were sold at an average price of A$5.00, for a total value of A$500,100.00.
• On Wednesday, October 8th, Michael Arnett sold 200,000 shares of NRW stock. The stock was sold at an average price of A$4.73, for a total transaction of A$945,400.00.

NRW Stock Performance

The company has a market capitalization of $1.55 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.63 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 49.87.

NRW Increases Dividend

The company also recently disclosed a Final dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, October 7th were given a dividend of $0.095 per share. This represents a dividend yield of 249.0%. The ex-dividend date was Wednesday, September 17th. This is a positive change from NRW’s previous Final dividend of $0.09. NRW’s payout ratio is 69.57%.

About NRW

NRW Holdings Limited, through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. The company operates through three segments: Civil; Mining; and Minerals, Energy & Technologies. The Civil segment delivers private and public civil infrastructure, mine development, bulk earthworks, and commercial and residential subdivision projects.