Phillip Britt Sells 500,000 Shares of Aussie Broadband (ASX:ABB) Stock

Aussie Broadband Limited (ASX:ABB) insider Phillip Britt sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of A$5.00, for a total transaction of A$2,500,000.00.

Aussie Broadband Stock Performance

The company has a debt-to-equity ratio of 61.66, a quick ratio of 0.52 and a current ratio of 1.29. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.54, a P/E/G ratio of 0.32 and a beta of 0.49.

Aussie Broadband Announces Dividend

The company also recently declared a Interim dividend, which will be paid on Sunday, March 22nd. Stockholders of record on Sunday, March 22nd will be issued a $0.024 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 47.0%. Aussie Broadband’s dividend payout ratio is presently 40.00%.

About Aussie Broadband

Aussie Broadband Limited provides telecommunications services to residential and businesses in Australia. It operates in four segments: Residential, Business, Wholesale, and Enterprise & Government. The company offers g fixed broadband, telephony, mobile, and other value add services; and connectivity, voice, managed network, security, cloud, and support services. It also provides a range of other telecommunications services, including voice over internet protocol (VoIP), mobile plans and headsets, and entertainment bundles to residential, small business, and enterprise customers.