GTN Limited (ASX:GTN) Insider Buys A$9,999,999.38 in Stock

GTN Limited (ASX:GTN) insider Craig Coleman purchased 21,505,375 shares of GTN stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of A$0.47 ($0.31) per share, with a total value of A$9,999,999.38 ($6,666,666.25).

Craig Coleman also recently made the following trade(s):

• On Tuesday, June 25th, Craig Coleman acquired 5,000,000 shares of GTN stock. The stock was acquired at an average price of A$0.38 ($0.25) per share, with a total value of A$1,875,000.00 ($1,250,000.00).

GTN Price Performance

The company has a debt-to-equity ratio of 5.34, a current ratio of 1.66 and a quick ratio of 1.98.

GTN Increases Dividend

The firm also recently disclosed a Final dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 26th will be issued a $0.017 dividend. This is an increase from GTN’s previous Final dividend of $0.01. The ex-dividend date is Wednesday, September 4th. This represents a yield of 3.54%. GTN’s dividend payout ratio is presently 100.00%.

About GTN

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.