Insider Selling: InvoCare Limited (ASX:IVC) Insider Sells A$560,400.00 in Stock

InvoCare Limited (ASX:IVC) insider Richard Davis sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of A$14.01 ($9.94), for a total transaction of A$560,400.00 ($397,446.81).

ASX:IVC opened at A$10.51 ($7.45) on Thursday. InvoCare Limited has a 12 month low of A$12.33 ($8.74) and a 12 month high of A$16.77 ($11.89). The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 176.53. The firm’s 50 day moving average is A$13.43 and its 200 day moving average is A$13.52. The stock has a market capitalization of $1.15 billion and a PE ratio of 19.14.

The company also recently disclosed a Final dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, April 17th will be issued a dividend of $0.235 per share. This represents a yield of 1.58%. This is a positive change from InvoCare’s previous Final dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 4th. InvoCare’s dividend payout ratio is 85.61%.

InvoCare Company Profile

InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 funeral locations, and 16 cemeteries and crematoria under various brands. It also offers HeavenAddress, an online memorial community service; LifeArt coffins; and Guardian Plan, a prepaid funeral plan.

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