Supply Network Limited (ASX:SNL) Insider Gregory Forsyth Sells 370,000 Shares

Supply Network Limited (ASX:SNL) insider Gregory Forsyth sold 370,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of A$28.80 ($19.73), for a total value of A$10,656,000.00 ($7,298,630.14).

Gregory Forsyth also recently made the following trade(s):

• On Tuesday, September 3rd, Gregory Forsyth sold 350,000 shares of Supply Network stock. The stock was sold at an average price of A$28.80 ($19.73), for a total value of A$10,080,000.00 ($6,904,109.59).

Supply Network Price Performance

The company has a quick ratio of 0.75, a current ratio of 2.74 and a debt-to-equity ratio of 49.78.

Supply Network Increases Dividend

The firm also recently declared a Final dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd will be paid a $0.33 dividend. This represents a yield of 1.12%. This is an increase from Supply Network’s previous Final dividend of $0.28. The ex-dividend date of this dividend is Tuesday, September 17th. Supply Network’s dividend payout ratio is presently 71.79%.

Supply Network Company Profile

Supply Network Limited provides aftermarket parts to the commercial vehicle industry in Australia and New Zealand. The company sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving.