Insider Selling: Supply Network Limited (ASX:SNL) Insider Sells 370,000 Shares of Stock

Supply Network Limited (ASX:SNL) insider Gregory Forsyth sold 370,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of A$28.80 ($19.73), for a total transaction of A$10,656,000.00 ($7,298,630.14).

Gregory Forsyth also recently made the following trade(s):

• On Tuesday, September 3rd, Gregory Forsyth sold 350,000 shares of Supply Network stock. The shares were sold at an average price of A$28.80 ($19.73), for a total value of A$10,080,000.00 ($6,904,109.59).

Supply Network Stock Performance

The company has a current ratio of 2.74, a quick ratio of 0.75 and a debt-to-equity ratio of 49.78.

Supply Network Increases Dividend

The firm also recently declared a Final dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a yield of 1.12%. This is an increase from Supply Network’s previous Final dividend of $0.28. Supply Network’s payout ratio is currently 71.79%.

About Supply Network

Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.