Supply Network Limited (SNL) to Issue Final Dividend of $0.38 on October 1st

Supply Network Limited (ASX:SNL) announced a final dividend on Monday, July 28th, MarketIndexAU Dividends reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.38 per share on Wednesday, October 1st. This represents a dividend yield of 1.01%. The ex-dividend date is Tuesday, September 16th. This is a 15.2% increase from Supply Network’s previous final dividend of $0.33.

Supply Network Price Performance

The company has a debt-to-equity ratio of 49.78, a current ratio of 2.74 and a quick ratio of 0.75. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 46.94, a PEG ratio of -26.84 and a beta of 0.41.

Insiders Place Their Bets

In related news, insider Peter Gill sold 5,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of A$41.02 ($26.81), for a total value of A$205,100.00 ($134,052.29). Also, insider Peter McKenzie sold 32,051 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of A$41.26 ($26.97), for a total transaction of A$1,322,424.26 ($864,329.58). Insiders have sold 145,002 shares of company stock worth $5,833,787 in the last ninety days. Corporate insiders own 63.19% of the company’s stock.

Supply Network Company Profile

Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.