Insider Buying: Commonwealth Bank of Australia (ASX:CBA) Insider Purchases 1,000 Shares of Stock

Commonwealth Bank of Australia (ASX:CBA) insider Lynette Cobley purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of A$116.43 ($76.10) per share, for a total transaction of A$116,434.00 ($76,100.65).

Commonwealth Bank of Australia Stock Performance

Commonwealth Bank of Australia Increases Dividend

The firm also recently disclosed a Interim dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a $2.15 dividend. The ex-dividend date was Tuesday, February 20th. This is an increase from Commonwealth Bank of Australia’s previous Interim dividend of $2.10. This represents a dividend yield of 1.88%. Commonwealth Bank of Australia’s dividend payout ratio (DPR) is 74.78%.

Commonwealth Bank of Australia Company Profile

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.