IPD Group Limited (ASX:IPG – Get Free Report) insider Michael Sainsbury bought 120,964 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average cost of A$5.08 ($3.50) per share, for a total transaction of A$614,497.12 ($423,791.12).
IPD Group Price Performance
The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 29.66.
IPD Group Increases Dividend
The firm also recently declared a Final dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were given a $0.062 dividend. This is a positive change from IPD Group’s previous Final dividend of $0.05. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a yield of 1.21%. IPD Group’s payout ratio is 52.17%.
IPD Group Company Profile
IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; manufacture and distribution of cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, Emerson, Red Lion, GE, Socomec, and DEHN.
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