Korvest (ASX:KOV) Insider Chris Hartwig Sells 12,189 Shares

Korvest Ltd (ASX:KOV) insider Chris Hartwig sold 12,189 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of A$13.02, for a total value of A$158,700.78.

Korvest Stock Performance

The stock has a market capitalization of $119.86 million, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.81 and a beta of 0.64. The company has a debt-to-equity ratio of 17.74, a current ratio of 3.09 and a quick ratio of 1.41.

Korvest Increases Dividend

The firm also recently announced a Final dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were given a $0.50 dividend. This represents a yield of 405.0%. This is an increase from Korvest’s previous Final dividend of $0.40. The ex-dividend date of this dividend was Wednesday, August 13th. Korvest’s payout ratio is 69.15%.

About Korvest

Korvest Ltd, together with its subsidiaries, engages in the hot dip galvanizing and sheet metal fabrication businesses in Australia. It operates through two segments, Industrial Products and Production. The Industrial Products segment manufactures electrical and cable support systems, which include channel, cable trays, cable ladders, cable mesh and ducts, and general and heavy duty pipe clamps and hangers, as well as specialist pipe supports products, other fittings, fasteners, and clamping components under the EzyStrut name.