Robert Spurway Sells 65,528 Shares of GrainCorp Limited (ASX:GNC) Stock

GrainCorp Limited (ASX:GNC) insider Robert Spurway sold 65,528 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of A$7.73 ($4.83), for a total transaction of A$506,531.44 ($316,582.15).

GrainCorp Stock Performance

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

GrainCorp Cuts Dividend

The company also recently announced a Final dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 11th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a dividend yield of 2.94%. GrainCorp’s payout ratio is presently 63.64%.

GrainCorp Company Profile

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.