IPD Group Limited (ASX:IPG) Insider Michael Sainsbury Sells 312,100 Shares

IPD Group Limited (ASX:IPGGet Free Report) insider Michael Sainsbury sold 312,100 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of A$4.38 ($2.94), for a total transaction of A$1,366,998.00 ($917,448.32).

IPD Group Price Performance

The company has a quick ratio of 1.24, a current ratio of 3.24 and a debt-to-equity ratio of 9.32.

IPD Group Dividend Announcement

The company also recently disclosed a Interim dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, April 9th were given a dividend of $0.046 per share. This represents a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, March 26th. IPD Group’s dividend payout ratio (DPR) is 45.00%.

About IPD Group

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IPD Group Limited distributes electrical equipment in Australia. The company offers power distribution, industrial and motor control, automation and industrial communication, power monitoring, and electric vehicle solutions under the ABB, Elsteel, Emerson, and Red Lion brand names. In addition, it provides installation and commissioning, calibration and testing, maintenance and repair, refurbishment, and other services.

Further Reading

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