Insider Buying: GrainCorp Limited (ASX:GNC) Insider Acquires 6,134 Shares of Stock

GrainCorp Limited (ASX:GNCGet Free Report) insider John Maher purchased 6,134 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of A$8.10 ($5.26) per share, for a total transaction of A$49,685.40 ($32,263.25).

GrainCorp Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.58 and a debt-to-equity ratio of 96.29.

GrainCorp Cuts Dividend

The firm also recently declared a Final dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.24 per share. This represents a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, November 26th. GrainCorp’s payout ratio is currently 63.64%.

About GrainCorp

(Get Free Report)

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.

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