Davyd Lewis Sells 17,750 Shares of Netwealth Group Limited (ASX:NWL) Stock

Netwealth Group Limited (ASX:NWL) insider Davyd Lewis sold 17,750 shares of Netwealth Group stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of A$28.17 ($18.90), for a total transaction of A$499,982.00 ($335,558.39).

Davyd Lewis also recently made the following trade(s):

• On Thursday, August 15th, Davyd Lewis sold 22,948 shares of Netwealth Group stock. The shares were sold at an average price of A$21.79 ($14.62), for a total value of A$499,968.08 ($335,549.04).

Netwealth Group Price Performance

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

Netwealth Group Increases Dividend

The company also recently announced a Final dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a $0.14 dividend. This is an increase from Netwealth Group’s previous Final dividend of $0.13. The ex-dividend date was Sunday, August 25th. This represents a yield of 0.64%. Netwealth Group’s payout ratio is presently 82.35%.

Netwealth Group Company Profile

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. The company operates a platform that offers superannuation, including accumulation and retirement income products; investor directed portfolio services for self-managed superannuation and non-superannuation investments; managed accounts and funds, self-managed superannuation funds administration; and non-custodial administration and reporting services.