Insider Selling: IPD Group Limited (ASX:IPG) Insider Sells A$929,129.29 in Stock

IPD Group Limited (ASX:IPG) insider Andrew Moffat sold 192,446 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of A$4.83 ($3.22), for a total value of A$929,129.29 ($619,419.53).

IPD Group Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 29.66.

IPD Group Increases Dividend

The company also recently declared a Final dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were paid a $0.062 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a yield of 1.21%. This is an increase from IPD Group’s previous Final dividend of $0.05. IPD Group’s payout ratio is currently 52.17%.

About IPD Group

IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; manufacture and distribution of cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, Emerson, Red Lion, GE, Socomec, and DEHN.