Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider David George purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average cost of A$9.47 ($6.11) per share, with a total value of A$236,750.00 ($152,741.94).
Magellan Financial Group Stock Performance
The company has a current ratio of 1.96, a quick ratio of 2.41 and a debt-to-equity ratio of 1.06.
Magellan Financial Group Increases Dividend
The company also recently declared a Final dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, September 6th were issued a $0.698 dividend. This is a positive change from Magellan Financial Group’s previous Final dividend of $0.69. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a dividend yield of 6.76%. Magellan Financial Group’s payout ratio is 80.00%.
Magellan Financial Group Company Profile
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
Recommended Stories
- Five stocks we like better than Magellan Financial Group
- How Investors Can Find the Best Cheap Dividend Stocks
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 5 Reasons Mullen Automotive is About to Turn a Corner
- Technology Stocks Explained: Here’s What to Know About Tech
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for Magellan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
