Reliance Worldwide Co. Limited (ASX:RWC) Insider Heath Sharp Sells 530,000 Shares of Stock

Reliance Worldwide Co. Limited (ASX:RWC) insider Heath Sharp sold 530,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of A$4.92 ($3.06), for a total value of A$2,609,720.00 ($1,620,944.10).

Reliance Worldwide Stock Performance

The company has a market capitalization of $2.53 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 44.35, a current ratio of 2.77 and a quick ratio of 1.51.

Reliance Worldwide Increases Dividend

The business also recently announced a Interim dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.04 per share. This is a positive change from Reliance Worldwide’s previous Interim dividend of $0.04. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, March 5th. Reliance Worldwide’s payout ratio is presently 33.33%.

About Reliance Worldwide

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.