Magellan Financial Group Limited (ASX:MFG – Get Free Report) insider Andrew Formica acquired 10,750 shares of Magellan Financial Group stock in a transaction on Friday, February 21st. The shares were bought at an average price of A$8.98 ($5.61) per share, for a total transaction of A$96,535.00 ($60,334.38).
Magellan Financial Group Stock Performance
The firm has a market cap of $1.73 billion, a P/E ratio of 5.57, a PEG ratio of -0.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.16 and a quick ratio of 2.41.
Magellan Financial Group Cuts Dividend
The company also recently disclosed a Interim dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th will be given a $0.264 dividend. This represents a yield of 2.95%. The ex-dividend date of this dividend is Monday, February 24th. Magellan Financial Group’s dividend payout ratio (DPR) is 49.24%.
About Magellan Financial Group
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
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