Michael (Mike) Veverka Buys 8,000 Shares of Jumbo Interactive Limited (ASX:JIN) Stock

Jumbo Interactive Limited (ASX:JIN) insider Michael (Mike) Veverka bought 8,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of A$11.66 ($7.38) per share, with a total value of A$93,304.00 ($59,053.16).

Jumbo Interactive Stock Performance

The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.47 and a current ratio of 1.90. The company has a market capitalization of $829.76 million, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Jumbo Interactive Cuts Dividend

The company also recently declared a Interim dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a yield of 1.99%. Jumbo Interactive’s payout ratio is 79.71%.

Jumbo Interactive Company Profile

Jumbo Interactive Limited engages in the retail of lottery tickets through internet and mobile devices in Australia, the United Kingdom, Canada, Fiji, and internationally. It operates through three segments: Lottery Retailing, Software-as-a-Service, and Managed Services. The company is involved in the retail of digital lottery tickets through Oz Lotteries; licenses Powered by Jumbo, a digital lottery platform solution to government and charity lottery operators; and lottery management services, including prize procurement, lottery game design, campaign marketing, and customer relationship and draw management services to charities.