Commonwealth Bank of Australia (ASX:CBA) Insider Sells A$2,585,705.04 in Stock

Commonwealth Bank of Australia (ASX:CBA) insider Matthew Comyn sold 19,220 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of A$134.53 ($90.90), for a total value of A$2,585,705.04 ($1,747,098.00).

Commonwealth Bank of Australia Price Performance

Commonwealth Bank of Australia Increases Dividend

The company also recently declared a Final dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th will be paid a dividend of $2.50 per share. This is an increase from Commonwealth Bank of Australia’s previous Final dividend of $2.40. The ex-dividend date is Tuesday, August 20th. This represents a dividend yield of 1.85%. Commonwealth Bank of Australia’s dividend payout ratio is presently 82.74%.

About Commonwealth Bank of Australia

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.