Coventry Group Ltd (ASX:CYG) Insider Neil Cathie Acquires 25,000 Shares

Coventry Group Ltd (ASX:CYG) insider Neil Cathie acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of A$1.22 ($0.76) per share, with a total value of A$30,400.00 ($19,000.00).

Neil Cathie also recently made the following trade(s):

• On Friday, December 6th, Neil Cathie purchased 12,164 shares of Coventry Group stock. The stock was purchased at an average price of A$1.33 ($0.83) per share, with a total value of A$16,153.79 ($10,096.12).
• On Friday, October 11th, Neil Cathie acquired 29,401 shares of Coventry Group stock. The shares were purchased at an average price of A$1.24 ($0.77) per share, for a total transaction of A$36,339.64 ($22,712.27).

Coventry Group Price Performance

The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 94.64.

Coventry Group Increases Dividend

The firm also recently announced a Final dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.037 per share. This represents a yield of 2.88%. This is a positive change from Coventry Group’s previous Final dividend of $0.04. The ex-dividend date was Thursday, September 26th. Coventry Group’s payout ratio is presently 400.00%.

About Coventry Group

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.