Harvey Norman (ASX:HVN) Insider Sells A$7,116,759.27 in Stock

Harvey Norman Holdings Limited (ASX:HVN) insider Gerald Harvey sold 974,765 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of A$7.30, for a total transaction of A$7,116,759.27.

Gerald Harvey also recently made the following trade(s):

• On Wednesday, September 10th, Gerald Harvey sold 321,380 shares of Harvey Norman stock. The shares were sold at an average price of A$7.33, for a total transaction of A$2,355,072.64.
• On Monday, September 15th, Gerald Harvey sold 538,229 shares of Harvey Norman stock. The shares were sold at an average price of A$7.17, for a total transaction of A$3,860,716.62.
• On Friday, September 5th, Gerald Harvey sold 157,453 shares of Harvey Norman stock. The shares were sold at an average price of A$7.45, for a total transaction of A$1,173,024.85.

Harvey Norman Price Performance

The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 50.65. The company has a market cap of $6.39 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of -1.22 and a beta of 0.76.

Harvey Norman Dividend Announcement

The firm also recently announced a Final dividend, which will be paid on Sunday, November 2nd. Stockholders of record on Sunday, November 2nd will be paid a $0.145 dividend. This represents a dividend yield of 194.0%. The ex-dividend date of this dividend is Sunday, October 5th. Harvey Norman’s dividend payout ratio (DPR) is currently 85.71%.

About Harvey Norman

Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. It franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings.