Insider Selling: Supply Network Limited (ASX:SNL) Insider Sells 231,254 Shares of Stock

Supply Network Limited (ASX:SNL) insider Peter McKenzie sold 231,254 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of A$30.00 ($20.27), for a total transaction of A$6,937,620.00 ($4,687,581.08).

Supply Network Stock Performance

The company has a debt-to-equity ratio of 49.78, a quick ratio of 0.75 and a current ratio of 2.74.

Supply Network Increases Dividend

The company also recently declared a Final dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a $0.33 dividend. This is a boost from Supply Network’s previous Final dividend of $0.28. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a yield of 1.12%. Supply Network’s payout ratio is presently 71.79%.

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.