Reece Limited (ASX:REH – Get Free Report) insider Ross McEwan purchased 30,000 shares of Reece stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of A$18.06 ($11.43) per share, for a total transaction of A$541,830.00 ($342,930.38).
Reece Price Performance
The stock has a market cap of $14.51 billion, a PE ratio of 34.61, a P/E/G ratio of 1.37 and a beta of 0.83. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 47.17.
Reece Cuts Dividend
The company also recently declared a Interim dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.065 per share. This represents a yield of 0.36%. The ex-dividend date is Monday, March 17th. Reece’s payout ratio is 40.00%.
About Reece
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.
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