Qualitas Limited (ASX:QAL – Get Free Report) insider Andrew Fairley acquired 7,391 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average price of A$2.39 ($1.59) per share, for a total transaction of A$17,642.32 ($11,761.54).
Qualitas Price Performance
The company has a debt-to-equity ratio of 80.46, a current ratio of 4.07 and a quick ratio of 10.67.
Qualitas Increases Dividend
The company also recently disclosed a Final dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be issued a $0.058 dividend. This is a boost from Qualitas’s previous Final dividend of $0.06. This represents a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, September 10th. Qualitas’s dividend payout ratio is presently 88.89%.
About Qualitas
Qualitas is a real estate investment firm which focuses on direct investment in all real estate classes and geographies, acquisitions and restructuring of distressed debt, third party capital raisings and consulting services. It seeks to provide bridge loans in the major markets of the Australian east coast, and particularly the medium and high density residential development sector.
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