ARN Media Limited (ASX:A1N) Insider Ciaran Davis Buys 568,536 Shares

ARN Media Limited (ASX:A1N) insider Ciaran Davis bought 568,536 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was bought at an average price of A$0.59 ($0.38) per share, with a total value of A$332,593.56 ($213,201.00).

ARN Media Stock Performance

ARN Media Cuts Dividend

The business also recently announced a Final dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.011 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1.82%. ARN Media’s dividend payout ratio is currently -27.78%.

About ARN Media

ARN Media Limited, together with its subsidiaries, operates as a media and entertainment company in Australia and Hong Kong. The company operates through Australian Radio Network, HK Outdoor, and Investments segments. It owns and operates Australian Radio Network under the KIIS, Pure Gold, iHeartRadio, iHeartPodcast, and CADA brands.