Insider Buying: Lindsay Australia (ASX:LAU) Insider Acquires A$436,348.22 in Stock

Lindsay Australia Limited (ASX:LAU) insider Robert Miller acquired 699,276 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were bought at an average cost of A$0.62 per share, for a total transaction of A$436,348.22.

Robert Miller also recently made the following trade(s):

• On Monday, August 25th, Robert Miller acquired 514,968 shares of Lindsay Australia stock. The shares were bought at an average cost of A$0.67 per share, for a total transaction of A$346,573.46.

Lindsay Australia Stock Performance

The stock has a market cap of $277.06 million, a P/E ratio of 10.12, a P/E/G ratio of 0.69 and a beta of 0.26. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 165.40.

Lindsay Australia Cuts Dividend

The business also recently disclosed a Final dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, October 9th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Sunday, September 28th. This represents a yield of 224.0%. Lindsay Australia’s payout ratio is presently 66.67%.

About Lindsay Australia

Lindsay Australia Limited, together with its subsidiaries, provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia. The company operates through Transport and Rural segments. It also provides seed, chemical, nutrients, fertilizer, irrigation, farm consumables, and packaging.