Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Buys 161,836 Shares of Stock

Coventry Group Ltd (ASX:CYG) insider Alexander (Alex) White bought 161,836 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of A$1.30 ($0.88) per share, with a total value of A$209,739.46 ($141,715.85).

Alexander (Alex) White also recently made the following trade(s):

• On Tuesday, September 3rd, Alexander (Alex) White acquired 100,000 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.38 ($0.93) per share, with a total value of A$138,100.00 ($93,310.81).
• On Monday, August 26th, Alexander (Alex) White purchased 540,001 shares of Coventry Group stock. The shares were acquired at an average price of A$1.33 ($0.90) per share, with a total value of A$716,581.33 ($484,176.57).
• On Wednesday, August 28th, Alexander (Alex) White purchased 60,000 shares of Coventry Group stock. The shares were acquired at an average cost of A$1.37 ($0.93) per share, for a total transaction of A$82,380.00 ($55,662.16).

Coventry Group Price Performance

The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 94.64.

Coventry Group Increases Dividend

The business also recently disclosed a Final dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th will be issued a $0.037 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from Coventry Group’s previous Final dividend of $0.04. This represents a dividend yield of 2.88%. Coventry Group’s dividend payout ratio (DPR) is 400.00%.

About Coventry Group

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.