Justin Nuich Sells 100,000 Shares of Mader Group Limited (ASX:MAD) Stock

Mader Group Limited (ASX:MAD) insider Justin Nuich sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of A$5.75 ($3.83), for a total value of A$575,000.00 ($383,333.33).

Justin Nuich also recently made the following trade(s):

• On Friday, September 20th, Justin Nuich acquired 4,000 shares of Mader Group stock. The shares were bought at an average price of A$4.97 ($3.31) per share, with a total value of A$19,888.00 ($13,258.67).
• On Thursday, August 29th, Justin Nuich bought 750,000 shares of Mader Group stock. The stock was bought at an average cost of A$5.04 ($3.36) per share, for a total transaction of A$3,780,000.00 ($2,520,000.00).
• On Thursday, August 22nd, Justin Nuich purchased 5,650 shares of Mader Group stock. The stock was bought at an average cost of A$5.31 ($3.54) per share, with a total value of A$30,012.80 ($20,008.53).

Mader Group Price Performance

The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 43.48.

Mader 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 given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 18th. This represents a dividend yield of 0.76%. This is an increase from Mader Group’s previous Final dividend of $0.03. Mader Group’s dividend payout ratio (DPR) is 33.33%.

About Mader Group

Mader Group Limited, a contracting company, provides specialist technical services in the mining, energy, and industrial sectors in Australia and internationally. It offers fabrication and line boring, electrical services, mechanical maintenance, and component exchange; infrastructure maintenance, rail services, power generation and marine, road transport maintenance, maintenance project, specialised tool hire, clean team, maintenance centre, and training and mentoring services.