Smartgroup Co. Ltd (ASX:SIQ) Insider Ian Watt Acquires 10,000 Shares

Smartgroup Co. Ltd (ASX:SIQGet Rating) insider Ian Watt purchased 10,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of A$5.48 ($3.83) per share, for a total transaction of A$54,790.00 ($38,314.69).

Ian Watt also recently made the following trade(s):

  • On Monday, August 29th, Ian Watt purchased 10,000 shares of Smartgroup stock. The shares were purchased at an average cost of A$5.92 ($4.14) per share, for a total transaction of A$59,200.00 ($41,398.60).

Smartgroup Stock Performance

The company has a debt-to-equity ratio of 30.31, a current ratio of 0.90 and a quick ratio of 0.50.

Smartgroup Cuts Dividend

The company also recently declared a Interim dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 7th. This represents a dividend yield of 2.95%. Smartgroup’s payout ratio is 69.39%.

About Smartgroup

(Get Rating)

Smartgroup Corporation Ltd provides employee management services in Australia. It operates through Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The OA segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

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