Smartgroup Co. Ltd (ASX:SIQ) Insider Purchases A$584,010.00 in Stock

Smartgroup Co. Ltd (ASX:SIQGet Free Report) insider John Prendiville purchased 70,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of A$8.34 ($5.56) per share, for a total transaction of A$584,010.00 ($389,340.00).

Smartgroup Price Performance

The company has a quick ratio of 0.50, a current ratio of 0.94 and a debt-to-equity ratio of 29.65.

Smartgroup Increases Dividend

The firm also recently announced a Final dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.32 per share. This represents a yield of 3.14%. This is an increase from Smartgroup’s previous Final dividend of $0.29. The ex-dividend date was Tuesday, March 5th. Smartgroup’s dividend payout ratio is presently 66.67%.

About Smartgroup

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Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

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