Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider David Dixon purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average cost of A$10.24 ($6.92) per share, for a total transaction of A$30,720.00 ($20,756.76).
Magellan Financial Group Stock Performance
The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 7.16.
Magellan Financial Group Cuts Dividend
The company also recently announced a Final dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd will be paid a $0.357 dividend. This represents a dividend yield of 3.33%. The ex-dividend date is Monday, August 19th. Magellan Financial Group’s dividend payout ratio is currently 53.79%.
Magellan Financial Group Company Profile
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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