Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider Andrew Formica purchased 10,750 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of A$8.98 ($5.68) per share, for a total transaction of A$96,535.00 ($61,098.10).
Magellan Financial Group Stock Performance
The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of -0.36 and a beta of 1.01. The company has a quick ratio of 2.41, a current ratio of 7.16 and a debt-to-equity ratio of 0.75.
Magellan Financial Group Cuts Dividend
The company also recently declared a Interim dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.264 per share. The ex-dividend date is Monday, February 24th. This represents a dividend yield of 2.95%. Magellan Financial Group’s dividend payout ratio is currently 49.24%.
About Magellan Financial Group
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
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