Matthew (Matt) Heine Sells 1,000,000 Shares of Netwealth Group Limited (ASX:NWL) Stock

Netwealth Group Limited (ASX:NWL) insider Matthew (Matt) Heine sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of A$22.50 ($15.20), for a total transaction of A$22,500,000.00 ($15,202,702.70).

Netwealth Group Price Performance

The company has a debt-to-equity ratio of 10.32, a current ratio of 5.12 and a quick ratio of 6.18.

Netwealth Group Increases Dividend

The business also recently announced a Final dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Sunday, August 25th. This is a boost from Netwealth Group’s previous Final dividend of $0.13. This represents a yield of 0.64%. Netwealth Group’s dividend payout ratio (DPR) is 82.35%.

Netwealth Group Company Profile

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed portfolio services. The company also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions.