Insider Buying: Nine Entertainment Co. Holdings Limited (ASX:NEC) Insider Buys 44,000 Shares of Stock

Nine Entertainment Co. Holdings Limited (ASX:NEC) insider Catherine West bought 44,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of A$1.13 ($0.74) per share, with a total value of A$49,500.00 ($32,565.79).

Nine Entertainment Stock Performance

The company has a debt-to-equity ratio of 60.45, a quick ratio of 0.62 and a current ratio of 1.03.

Nine Entertainment Cuts Dividend

The business also recently declared a Final dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 23rd were given a $0.045 dividend. The ex-dividend date was Wednesday, September 11th. This represents a yield of 3.61%. Nine Entertainment’s dividend payout ratio is currently 128.57%.

About Nine Entertainment

Nine Entertainment Co Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.