Insider Buying: Supply Network (ASX:SNL) Insider Purchases A$87,450.00 in Stock

Supply Network Limited (ASX:SNLGet Free Report) insider Karen Phin acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of A$34.98 per share, for a total transaction of A$87,450.00.

Supply Network Stock 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 capitalization of $1.57 billion, a price-to-earnings ratio of 46.94, a P/E/G ratio of -26.84 and a beta of 0.41.

Supply Network Dividend Announcement

The business also recently disclosed a Interim dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.36 per share. This represents a dividend yield of 102.0%. The ex-dividend date is Tuesday, March 17th. Supply Network’s payout ratio is currently 71.79%.

Supply Network Company Profile

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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. The company was incorporated in 1986 and is headquartered in Pemulwuy, Australia.

Further Reading

Insider Buying and Selling by Quarter for Supply Network (ASX:SNL)

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