David Singleton Acquires 16,254,612 Shares of Austin Engineering Limited (ASX:ANG) Stock

Austin Engineering Limited (ASX:ANGGet Free Report) insider David Singleton bought 16,254,612 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of A$0.50 ($0.33) per share, for a total transaction of A$8,127,306.00 ($5,418,204.00).

Austin Engineering Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 35.30.

Austin Engineering Increases Dividend

The firm also recently announced a Final dividend, which will be paid on Sunday, October 6th. Shareholders of record on Sunday, October 6th will be paid a dividend of $0.008 per share. This is a boost from Austin Engineering’s previous Final dividend of $0.00. The ex-dividend date is Wednesday, September 11th. This represents a yield of 1.65%. Austin Engineering’s dividend payout ratio (DPR) is 20.00%.

About Austin Engineering

(Get Free Report)

Austin Engineering Limited, together with its subsidiaries, manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors. It offers excavator, face shovel, front end loader, and stemming buckets; rope shovel dippers; and wear liner kits for mining applications, including hard rock, iron ore, and coal.

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