GTN Limited (ASX:GTN) Announces Dividend Increase – $0.03 Per Share

GTN Limited (ASX:GTNGet Free Report) declared a interim dividend on Tuesday, February 25th, MarketIndexAU Dividends reports. Stockholders of record on Wednesday, March 26th will be given a dividend of 0.025 per share on Wednesday, March 26th. This represents a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from GTN’s previous interim dividend of $0.01.

GTN Stock Performance

The company has a debt-to-equity ratio of 5.34, a current ratio of 1.66 and a quick ratio of 1.98. The firm has a market cap of $105.06 million, a P/E ratio of 19.36, a PEG ratio of 0.20 and a beta of 1.30.

Insiders Place Their Bets

In other GTN news, insider Craig Coleman sold 49,868,854 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of A$0.47 ($0.30), for a total value of A$23,189,017.11 ($14,770,074.59). 3.65% of the stock is owned by company insiders.

About GTN

(Get Free Report)

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.

See Also

Dividend History for GTN (ASX:GTN)

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